JetBlue (NASDAQ: JBLU) CFO updates holdings after RSU and PSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JetBlue Airways’ Chief Financial Officer Ursula L. Hurley reported routine equity compensation activity. On April 10, 2026, restricted stock units vested, delivering 61,292 shares of common stock, with one share issued for each unit. She also received 47,030 shares from performance stock units granted in April 2023, based on performance through December 31, 2025.
To cover associated tax obligations in line with JetBlue policy, 31,290 shares and 24,009 shares of common stock were automatically withheld and returned to JetBlue at $4.93 per share rather than sold on the open market. After these transactions, Hurley directly holds 285,806 shares of JetBlue common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
61,292 shares exercised/converted
Mixed
5 txns
Insider
Hurley Ursula L
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 61,292 | $0.00 | -- |
| Exercise | Common Stock | 61,292 | $0.00 | -- |
| Tax Withholding | Common Stock | 31,290 | $4.93 | $154K |
| Exercise | Common Stock | 47,030 | $0.00 | -- |
| Tax Withholding | Common Stock | 24,009 | $4.93 | $118K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 294,075 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. Represents shares of common stock issued to the Reporting Person upon vesting of Performance Stock Units (PSUs) granted on April 11, 2023, based on achievement of applicable performance goals over a three-year period ending December 31, 2025. The restricted stock units vest in equal annual installments over a three year period, measured from the vesting commencement date of April 11, 2023.
Key Figures
RSU shares vested: 61,292 shares
PSU shares vested: 47,030 shares
First tax withholding block: 31,290 shares at $4.93
+2 more
5 metrics
RSU shares vested
61,292 shares
Common stock issued upon restricted stock unit vesting on April 10, 2026
PSU shares vested
47,030 shares
Common stock issued from performance stock units granted April 11, 2023
First tax withholding block
31,290 shares at $4.93
Shares withheld and returned to JetBlue to cover tax obligations
Second tax withholding block
24,009 shares at $4.93
Additional shares withheld and returned to JetBlue for taxes
Post-transaction holdings
285,806 shares
JetBlue common stock directly owned by CFO after transactions
Key Terms
Restricted Stock Units, Performance Stock Units, tax obligations, withheld and returned
4 terms
Restricted Stock Units financial
"Upon vesting, the Reporting Person is entitled to receive one share of common stock for each restricted stock unit"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Stock Units financial
"Represents shares of common stock issued to the Reporting Person upon vesting of Performance Stock Units (PSUs) granted on April 11, 2023"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
tax obligations financial
"These shares were automatically withheld and returned to JetBlue to cover tax obligations upon RSU vesting"
withheld and returned financial
"These shares were automatically withheld and returned to JetBlue to cover tax obligations"
FAQ
What did JetBlue (JBLU) CFO Ursula Hurley report in this Form 4?
JetBlue CFO Ursula Hurley reported routine equity compensation activity. Restricted and performance stock units vested into common shares, and part of those shares were withheld and returned to JetBlue to satisfy tax obligations under the company’s standard equity vesting policies.
What are performance stock units (PSUs) in JetBlue (JBLU) CFO’s Form 4?
Performance stock units are equity awards that convert into common shares if performance goals are met. Hurley’s Form 4 notes shares issued from PSUs granted April 11, 2023, which vested based on achievement of performance goals over a three-year period ending December 31, 2025.