LEDUC ROBERT F 4

4 · JETBLUE AIRWAYS CORP · Filed Mar 12, 2026

AI-generated summary of this filing

Updated Mar 13, 2026

JetBlue (JBLU) Director Robert F. Leduc Exercises Derivatives, Receives DSUs

What Happened

Robert F. Leduc, a director of JetBlue Airways Corp. (JBLU), had derivative activity on March 10, 2026: a conversion/exercise resulting in the acquisition of 22,094 shares and a simultaneous disposition of the same 22,094 shares. On the same date he was also granted 29,867 deferred stock units (DSUs). Prices and cash values are reported as N/A in the filing.
The same-day acquisition and disposition of 22,094 shares is consistent with a cashless exercise or immediate sale of vested derivative awards. The 29,867 DSUs are an award (grant) that will convert to one share per unit upon vesting.

Key Details

Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely filing).
Shares involved: 22,094 shares acquired via conversion/exercise and 22,094 shares disposed (same day); 29,867 DSUs granted.
Price/value: Reported as N/A for all transactions in the filing.
Shares owned after transaction: Not specified in the provided summary of the filing.
Footnotes of note:
- F1/F4: Director restricted stock units convert one-for-one to common shares; certain director RSUs had a grant date of Mar 10, 2025 and vest on its one-year anniversary (Mar 10, 2026).
- F2/F3: The 29,867 award represents DSUs; each DSU equals one share at vesting, DSUs vest over one year from a Mar 10, 2026 vesting commencement date, and settlement of vested DSUs occurs six months after the reporting person departs the board.
No 10b5-1 plan, tax-withholding sale detail, or late-filing flag noted in this summary.

Context

Conversions/exercises followed by immediate sales are common for executives/directors to realize cash or satisfy tax obligations; they do not necessarily signal a change in the insider’s view of the company.
DSUs are deferred — they do not convert into tradable shares until they vest and, per the filing, may not be settled until after board departure. For retail investors, awards with multi‑year vesting and deferred settlement are long-term compensation, not immediate market purchases.

Form 4

Period: 2026-03-10

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-10+22,094→ 36,124 total
Award
Deferred Stock Units
[F2][F3]
2026-03-10+29,867→ 78,338 total
→ Common Stock (29,867 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-03-10−22,094→ 0 total
→ Common Stock (22,094 underlying)

Footnotes (4)

[F1]Upon vesting, the Reporting Person is entitled to receive one share of common stock for each restricted stock unit.
[F2]This represents an award of deferred stock units, or DSUs. Each unit entitles the Reporting Person to one share of Issuer's common stock upon vesting; settlement of vested DSUs will occur six months following Reporting Person's departure from Issuer's Board of Directors. The annual DSU grant vests on the one year anniversary of the grant date.
[F3]The award subject to the DSUs are scheduled to vest over one year, measured from the vesting commencement date of March 10, 2026.
[F4]The director restricted stock units vest on the one year anniversary of the grant date of March 10, 2025.

Signature

/s/ Shannon Collins, as Attorney-in-Fact|2026-03-12

1 file