Jet.AI skips vesting of 1,621,321 PSU shares; grants 360,000 restricted shares
Following the July 13, 2026 closing of the Merger Transactions, Jet.AI's disinterested board members determined that certain unvested performance share unit (PSU) awards would not vest on the change of control, so about 1,621,321 shares were not issued, avoiding dilution to existing stockholders. On July 15, 2026, the compensation committee also granted restricted stock awards totaling 360,000 shares to officers and certain employees, which are scheduled to vest in full on the grant date's anniversary.
Key points
- Merger Transactions with flyExclusive, Inc. and related entities closed on July 13, 2026.
- Certain unvested PSU awards were not vested; about 1,621,321 shares that would otherwise have been issued were not issued.
- On July 15, 2026, restricted stock awards totaling 360,000 shares were granted under the 2023 Amended and Restated Omnibus Incentive Plan.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 21, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.