Hurley Ursula L 4

What Happened

• Ursula L. Hurley, Chief Financial Officer of JetBlue Airways (JBLU), had 57,128 restricted stock units (RSUs convert to common shares) vest on Feb 20, 2026. All 57,128 RSUs converted into shares, and 21,288 of those shares were automatically withheld to cover tax obligations at $5.91 per share (total withheld = $125,812). Net shares issued to Hurley = 35,840.
• This is a vesting/award event (routine tax-withholding), not an open-market purchase or discretionary sale.

Key Details

• Transaction date: 2026-02-20; Form filed: 2026-02-23 (filed within reporting deadline).
• Conversion code: M (exercise/conversion of derivative — here, RSUs converting to shares). Withholding code: F (payment of tax liability via share withholding).
• Withheld shares: 21,288 at $5.91/share = $125,812 returned to JetBlue to satisfy taxes.
• Gross shares converted: 57,128; net shares issued to insider: 35,840.
• Vesting terms noted: RSUs vest in equal annual installments over a three-year period measured from the vesting commencement date of Feb 22, 2024 (per footnote).
• Shares owned after the transaction: not specified in the provided filing details.

Context

• This filing reflects RSU vesting and routine tax withholding (common for employee equity awards), not a buy or sell decision by the insider. The conversion plus withholding is effectively a cashless settlement of tax obligations.