Geraghty Joanna 4

What Happened

• Joanna Geraghty, CEO and director of JetBlue Airways (JBLU), had restricted and performance-based equity convert to common stock upon vesting on April 10, 2026. The filing shows conversions/exercises of derivatives totaling 132,603 shares (70,722 + 61,881). To satisfy tax obligations, 73,331 shares were automatically withheld (39,110 + 34,221) at $4.93 per share, totaling $361,522, leaving a net issuance of 59,272 shares to Geraghty. These entries reflect award vesting and routine tax withholding — not an open‑market sale or purchase.

Key Details

• Transaction date: 2026-04-10; Form 4 filed 2026-04-14 (timely filing).
• Conversions/Exercises (code M): 70,722 shares (N/A price), 61,881 shares @ $0.00.
• Tax withholding / disposition (code F): 39,110 and 34,221 shares withheld at $4.93/share, totaling $192,812 and $168,710 (combined $361,522).
• Net shares received after withholding: 59,272 (132,603 issued − 73,331 withheld).
• Shares owned after the transaction: not disclosed in the provided excerpt.
• Notable footnotes:
  • F1/F4: RSUs convert 1-for-1 upon vesting; RSUs vest in equal annual installments from Apr 11, 2023.
  • F2: Withheld shares were automatically returned to JetBlue to cover U.S. tax obligations.
  • F3: The PSU shares relate to an April 11, 2023 grant measured over a three-year performance period ending Dec 31, 2025.

Context

• The M codes indicate conversion/exercise of equity awards (RSUs/PSUs) rather than a cash purchase; the F codes reflect routine tax withholding (a form of cashless settlement). Such withholding is common on vesting and does not necessarily signal a change in the insider’s view of the company.