Warren Christie - Apr 11, 2024 Form 4 Insider Report for JETBLUE AIRWAYS CORP (JBLU)

Role
Chief Operating Officer
Signature
/s/ Dora Habachy, by POA from Warren Christie
Stock symbol
JBLU
Transactions as of
Apr 11, 2024
Transactions value $
-$32,911
Form type
4
Date filed
4/15/2024, 07:16 PM
Previous filing
Feb 26, 2024
Next filing
May 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JBLU Common Stock Options Exercise +18.3K +29.44% 80.4K Apr 11, 2024 Direct F1
transaction JBLU Common Stock Tax liability -$27.5K -4.02K -5% $6.83 76.4K Apr 11, 2024 Direct F3
transaction JBLU Common Stock Award $0 +3.24K +4.24% $0.00 79.6K Apr 12, 2024 Direct F4
transaction JBLU Common Stock Tax liability -$5.43K -790 -0.99% $6.87 78.9K Apr 12, 2024 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction JBLU Restricted Stock Units Options Exercise -18.3K -33.33% 36.6K Apr 11, 2024 Common Stock 18.3K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon vesting, the Reporting Person is entitled to receive one share of common stock for each restricted stock unit.
F2 The restricted stock units vest in equal annual installments over a three year period, measured from the vesting commencement date of April 11, 2023.
F3 These shares were automatically withheld and returned to JetBlue to cover tax obligations upon RSU and PSU vesting, in accordance with JetBlue policy for all RSU and PSU vesting of RSU and PSU eligible employees in the United States.
F4 Represents shares of JetBlue common stock earned by, and issued to, the Reporting Person upon vesting of Performance Share Units (2021 PSUs) granted on April 13, 2021, based on an absolute EBITDA goal (weighted 40%), an adjusted debt to cap ratio goal (weighted 40%) and an ESG performance index goal (weighted 20%), for the performance period from January 1, 2021 through December 31, 2023. Following the conclusion of the three year performance period, the Compensation Committee certified to the performance of JetBlue relative to these goals for the 2021 PSUs at 53.2%.