Clements Carol Ann 4

What Happened

• Carol Ann Clements, JetBlue’s Chief Digital & Tech Officer, had 31,421 restricted stock units (RSUs) convert into common shares on Feb 20, 2026. To cover tax obligations, 13,496 of those shares were automatically withheld at a reported value of $5.91 per share (total withheld ≈ $79,761), leaving a net issuance of 31,421 − 13,496 = 17,925 shares to Clements. This was an RSU vesting/derivative conversion (not an open‑market sale or purchase).

Key Details

• Transaction date: 2026-02-20 (reported on Form 4 filed 2026-02-23).
• Amounts: 31,421 RSUs converted to shares; 13,496 shares withheld for taxes at $5.91/share = $79,761; net ~17,925 shares issued to the insider.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to satisfy tax obligations.
• Shares owned after transaction: not specified in the supplied data.
• Footnotes: (F1) Each RSU converts to one share; (F2) withheld shares were returned to JetBlue to cover taxes per company policy; (F3) these RSUs vest in equal annual installments over three years from Feb 22, 2024.
• Filing timeliness: Form 4 was filed on 2026-02-23 for the Feb 20 transaction; this appears to be a timely filing.

Context

• This was a routine RSU vesting event with company tax withholding (a common practice), not an open‑market sale. Withheld shares were surrendered to the company to meet tax liabilities rather than sold on the market, so the withholding should not be read as a directional trade by the insider.