Form 4: JetBlue General Counsel Brandon Nelson Reports Stock Transactions
SEC Form 4
Brandon Nelson, General Counsel and Corporate Secretary of JetBlue Airways, reports the vesting and disposal of restricted stock units and performance share units.
Summary
- On April 11, 2024, Brandon Nelson, General Counsel and Corporate Secretary of JetBlue Airways, reported transactions involving JetBlue common stock.
- These transactions included the vesting of 47,147 restricted stock units (RSUs) and the subsequent disposal of 19,001 shares to cover tax obligations at a price of $6.83.
- On April 12, 2024, Nelson also reported the vesting of 2,595 performance share units (PSUs) from a grant made on April 13, 2021, and the disposal of 1,046 shares to cover tax obligations at a price of $6.87.
- Following these transactions, Nelson directly owns 57,919 shares of JetBlue common stock and 94,295 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions, and doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is a common practice among publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 04/13/2021 | Date of grant for the Performance Share Units (2021 PSUs). |
| 01/01/2021 | Start date of the performance period for the 2021 PSUs. |
| 04/11/2023 | Vesting commencement date for the restricted stock units. |
| 12/31/2023 | End date of the performance period for the 2021 PSUs. |
| 04/11/2024 | Date of RSU vesting and related stock disposal. |
| 04/12/2024 | Date of PSU vesting and related stock disposal. |
| 04/15/2024 | Date of signature on the Form 4 filing. |
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