JetBlue Airways (JBLU) CEO reports RSU and PSU vesting, tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JETBLUE AIRWAYS CORP CEO Joanna Geraghty reported equity awards vesting and related tax withholding transactions. She exercised 70,722 restricted stock units into common shares and also received 61,881 common shares from performance stock units that vested based on performance goals.
To cover tax obligations on these vestings, 39,110 shares and 34,221 shares of common stock were automatically withheld and returned to JetBlue under company policy, rather than being sold on the open market. After these non‑market transactions, she directly holds 590,501 shares of JetBlue common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
70,722 shares exercised/converted
Mixed
5 txns
Insider
Geraghty Joanna
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 70,722 | $0.00 | -- |
| Exercise | Common Stock | 70,722 | $0.00 | -- |
| Tax Withholding | Common Stock | 39,110 | $4.93 | $193K |
| Exercise | Common Stock | 61,881 | $0.00 | -- |
| Tax Withholding | Common Stock | 34,221 | $4.93 | $169K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 601,951 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: 70,722 shares
PSU shares issued: 61,881 shares
Shares withheld for taxes (1st block): 39,110 shares at $4.93
+2 more
5 metrics
RSU shares vested
70,722 shares
Restricted Stock Units converted into common stock on April 10, 2026
PSU shares issued
61,881 shares
Performance Stock Units granted April 11, 2023, vesting based on goals through December 31, 2025
Shares withheld for taxes (1st block)
39,110 shares at $4.93
Common stock automatically withheld to cover tax obligations
Shares withheld for taxes (2nd block)
34,221 shares at $4.93
Additional common stock withheld under JetBlue tax policy
Post-transaction holdings
590,501 shares
CEO Joanna Geraghty’s direct JetBlue common stock ownership after reported transactions
Key Terms
Restricted Stock Units, Performance Stock Units, tax obligations, withheld and returned, +1 more
5 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, based on achievement of applicable performance goals."
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 upon RSU vesting."
vesting commencement date financial
"The restricted stock units vest in equal annual installments over a three year period, measured from the vesting commencement date of April 11, 2023."
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
FAQ
What insider transactions did JetBlue (JBLU) CEO Joanna Geraghty report?
Joanna Geraghty reported vesting of restricted stock units and performance stock units, converting them into JetBlue common stock. These were compensation-related equity awards rather than open-market purchases or sales, reflecting scheduled vesting tied to service and performance conditions.
Were any of Joanna Geraghty’s JetBlue (JBLU) transactions open-market sales?
No. Shares were withheld and returned to JetBlue to satisfy tax obligations on vested awards. The filing shows tax-withholding dispositions at $4.93 per share, which are administrative transactions, not discretionary open-market sales reflecting a view on the stock’s valuation.
How are JetBlue (JBLU) restricted stock units structured for the CEO?
The restricted stock units entitle the CEO to one JetBlue common share per unit upon vesting. According to the filing, these RSUs vest in equal annual installments over three years from the April 11, 2023 vesting commencement date, aligning with multi-year retention incentives.