JetBlue (JBLU) COO converts 33,244 RSUs, withholds 8,481 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JetBlue Airways Chief Operating Officer Christie Warren reported equity compensation activity involving restricted stock units and common stock. On February 20, she exercised or converted 33,244 restricted stock units into 33,244 shares of common stock at a stated price of $0.00 per share. In a related transaction the same day, 8,481 shares of common stock, valued at $5.91 per share, were automatically withheld and returned to JetBlue to satisfy tax obligations upon RSU vesting, as described in company policy. After these transactions, Warren directly owned 180,258 shares of JetBlue common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
33,244 shares exercised/converted
Mixed
3 txns
Insider
Christie Warren
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 33,244 | $0.00 | -- |
| Exercise | Common Stock | 33,244 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,481 | $5.91 | $50K |
Holdings After Transaction:
Restricted Stock Units — 33,244 shares (Direct);
Common Stock — 188,739 shares (Direct)
Footnotes (1)
- Upon vesting, the Reporting Person is entitled to receive one share of common stock for each restricted stock unit. These shares were automatically withheld and returned to JetBlue to cover tax obligations upon RSU vesting, in accordance with JetBlue policy for all RSU vesting of RSU eligible employees in the United States. The restricted stock units vest in equal annual installments over a three year period, measured from the vesting commencement date of February 22, 2024.
FAQ
What insider transactions did JetBlue (JBLU) COO Christie Warren report?
Christie Warren reported exercising 33,244 restricted stock units into common shares and a related tax-withholding share disposition of 8,481 shares. These actions reflect equity compensation vesting and associated tax settlement, not an open-market stock purchase or sale.
What does the RSU vesting schedule look like for the JetBlue (JBLU) COO grant?
The restricted stock units mentioned vest in equal annual installments over three years, measured from a vesting commencement date of February 22, 2024. Upon each vesting, the holder is entitled to receive one share of JetBlue common stock for each vested unit.
What transaction codes appear in this JetBlue (JBLU) Form 4 for the COO?
The filing shows code M for the exercise or conversion of 33,244 restricted stock units into common stock, and code F for the disposition of 8,481 common shares used to satisfy tax obligations associated with the RSU vesting event.