St George Martin J 4
4 · JETBLUE AIRWAYS CORP · Filed Apr 16, 2019
Insider Transaction Report
Form 4
St George Martin J
President
Transactions
- Award
Common Stock
2019-04-12+7,158→ 49,159 total - Tax Payment
Common Stock
2019-04-12$17.04/sh−2,432$41,441→ 46,727 total
Footnotes (3)
- [F1]Represents shares of JetBlue Airways Corporation (the Company) common stock earned by, and issued to, the Reporting Person upon vesting of Performance Share Units (2016 PSUs) granted on April 12, 2016, based on a relative Return on Invested Capital (ROIC) goal and a relative pre-tax margin growth goal, weighted 2/3 for ROIC and 1/3 for relative pre-tax margin growth, for the performance period from January 1, 2016 through December 31, 2018. Following the conclusion of the three year performance period, the Compensation Committee certified to the performance of the Company relative to these goals for the 2016 PSUs at 91.2%.
- [F2]Represents shares withheld by the Company for taxes, as permitted by the JetBlue Airways Corporation 2011 Incentive Compensation Plan and related award agreement, to satisfy the tax withholding obligations of the Reporting Person in connection with the vesting and settlement of the 2016 PSUs. There was no open market sale of shares by the Reporting Person.
- [F3]Closing market price per share of the Company common stock on the settlement date.