Brandon Nelson - 11 Apr 2024 Form 4 Insider Report for JETBLUE AIRWAYS CORP (JBLU)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
15 Apr 2024, 19:19:03 UTC
Prior SEC filing
26 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Dora Habachy, by POA from Brandon Nelson

Key filing fact

Brandon Nelson filed Form 4 for JETBLUE AIRWAYS CORP (JBLU) on 15 Apr 2024.

Key facts

  • This page summarizes Brandon Nelson's Form 4 filing for JETBLUE AIRWAYS CORP (JBLU).
  • 5 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 15 Apr 2024, 19:19.

Change

  • Previous filing in this sequence was filed on 26 Feb 2024.
  • Current net transaction value: -$136,963.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

JBLU transaction

Common Stock

Options Exercise

Transaction value
Shares
+47,147
Change %
+167%
Price
Shares after
75,371
Date
11 Apr 2024
Ownership
Direct
Footnotes
F1
JBLU transaction

Common Stock

Tax liability

Transaction value
$129,777
Shares
-19,001
Change %
-25%
Price
$6.83
Shares after
56,370
Date
11 Apr 2024
Ownership
Direct
Footnotes
F3
JBLU transaction

Common Stock

Award

Transaction value
$0
Shares
+2,595
Change %
+4.6%
Price
$0.000000
Shares after
58,965
Date
12 Apr 2024
Ownership
Direct
Footnotes
F4
JBLU transaction

Common Stock

Tax liability

Transaction value
$7,186
Shares
-1,046
Change %
-1.8%
Price
$6.87
Shares after
57,919
Date
12 Apr 2024
Ownership
Direct
Footnotes
F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

JBLU transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares
-47,147
Change %
-33%
Price
Shares after
94,295
Date
11 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
47,147
Exercise price
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Upon vesting, the Reporting Person is entitled to receive one share of common stock for each restricted stock unit.

Footnote 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.

Footnote 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.

Footnote 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%.

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