Geraghty Joanna 4

What Happened
Joanna Geraghty, CEO and Director of JetBlue Airways (JBLU), had 92,834 restricted stock units (RSUs) convert into common shares on Feb 20, 2026 (reported on Feb 23, 2026). Of the 92,834 shares issued upon vesting, 38,011 shares were automatically withheld and returned to JetBlue to cover tax obligations at $5.91 per share, generating $224,645. Net shares retained by Geraghty from this vesting were 54,823 (92,834 issued minus 38,011 withheld).

Key Details

• Transaction date: 2026-02-20; Form 4 filed: 2026-02-23 (appears timely).
• Instruments: RSU conversion (SEC code M for exercise/conversion) and tax withholding (code F).
• Shares issued on vesting: 92,834. Shares withheld for taxes: 38,011 at $5.91/share = $224,645. Net shares retained: 54,823.
• Shares owned following the transaction: not specified in the filing.
• Footnotes: F1—each RSU converts to one share on vesting; F2—withholding was automatic per JetBlue policy; F3—these RSUs vest in equal annual installments over a three‑year period from Feb 22, 2024.
• This was not an open‑market sale — the withholding is a routine tax settlement at RSU vesting, not necessarily a directional insider trade.

Context
This was a standard RSU vesting event (conversion of RSUs to shares) with shares withheld for tax purposes (a common, administrative action). Such withholding reduces the number of shares the insider receives but does not by itself indicate a buy or sell decision.