JPMorgan (JPM) CIO Lori Beer settles PSU award and retains 73,114 shares

Rhea-AI Filing Summary

JPMorgan Chase & Co.’s Chief Information Officer Lori A. Beer exercised performance share units into common stock and had shares withheld to cover taxes. On March 25, 2026, 28,327.8685 performance share units settled into an equal number of JPM common shares granted under a PSU award dated January 17, 2023 for the three-year performance period ended December 31, 2025.

A portion of the resulting shares, 15,665.8685, was disposed of at $295.04 per share to satisfy tax liabilities, which is not an open-market sale. After these transactions, Beer directly holds 73,114 JPM common shares. Shares delivered after tax withholding must be held for an additional two-year period, creating a combined five-year vesting and holding period for this PSU grant.

Insider Trade Summary

28,327.869 shares exercised/converted

Mixed 3 txns

Insider Beer Lori A

Role Chief Information Officer

Type	Security	Shares	Price	Value
Exercise	Performance Share Units	28,327.869	$0.00	--
Exercise	Common Stock	28,327.869	$0.00	--
Tax Withholding	Common Stock	15,665.869	$295.04	$4.62M

Holdings After Transaction: Performance Share Units — 0 shares (Direct); Common Stock — 88,779.869 shares (Direct)

Footnotes (1)

1. These shares represent JPM common stock acquired on March 25, 2026 upon settlement of a Performance Share Unit (PSU) award granted on January 17, 2023 for the three-year performance period ended December 31, 2025 (as previously disclosed on a Form 4 filed on March 19, 2026), and must be held for an additional two-year period, for a total combined vesting and holding period of five years from the date of grant, as provided under the terms of the PSU award. Each PSU represents a contingent right to receive one share of JPM common stock upon vesting based on the attainment of performance goals. Represents PSUs earned (including reinvested dividend equivalents) based on the Firm's attainment of pre-established performance goals for the three-year performance period ended December 31, 2025, as provided under the terms of a PSU award granted on January 17, 2023, and as previously reported on a Form 4 filed on March 19, 2026. The PSUs settled in shares of common stock on March 25, 2026. Shares delivered, after applicable tax withholding, must be held for an additional two-year period, for a total combined vesting and holding period of five years from the date of grant.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Beer Lori A

(Last) (First) (Middle)

270 PARK AVENUE

(Street)

NEW YORK NEW YORK 10017-2014

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
JPMORGAN CHASE & CO [ JPM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Information Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/25/2026		M		28,327.8685(1)	A	$0(2)	88,779.8685	D
Common Stock	03/25/2026		F		15,665.8685	D	$295.04	73,114	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Share Units	(2)	03/25/2026		M			28,327.8685(3)	(3)	(3)	Common Stock	28,327.8685	$0.0000	0.0000	D

Explanation of Responses:

1. These shares represent JPM common stock acquired on March 25, 2026 upon settlement of a Performance Share Unit (PSU) award granted on January 17, 2023 for the three-year performance period ended December 31, 2025 (as previously disclosed on a Form 4 filed on March 19, 2026), and must be held for an additional two-year period, for a total combined vesting and holding period of five years from the date of grant, as provided under the terms of the PSU award.

2. Each PSU represents a contingent right to receive one share of JPM common stock upon vesting based on the attainment of performance goals.

3. Represents PSUs earned (including reinvested dividend equivalents) based on the Firm's attainment of pre-established performance goals for the three-year performance period ended December 31, 2025, as provided under the terms of a PSU award granted on January 17, 2023, and as previously reported on a Form 4 filed on March 19, 2026. The PSUs settled in shares of common stock on March 25, 2026. Shares delivered, after applicable tax withholding, must be held for an additional two-year period, for a total combined vesting and holding period of five years from the date of grant.

	/s/ Holly Youngwood under POA	03/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did JPM (JPMorgan Chase & Co.) CIO Lori Beer report?

Lori A. Beer reported exercising 28,327.8685 performance share units into JPM common stock. These PSUs were granted on January 17, 2023 and vested based on a three-year performance period ending December 31, 2025, then settled in shares on March 25, 2026.

How many JPM shares does Lori Beer hold after this Form 4 transaction?

After the reported transactions, Lori Beer directly holds 73,114 shares of JPM common stock. This reflects PSU settlement into shares and subsequent share withholding for taxes, as disclosed in the filing’s transaction details for March 25, 2026.

Were any of Lori Beer’s JPM shares sold on the open market in this Form 4?

The Form 4 shows shares disposed of under code F, which covers tax liabilities rather than open-market sales. 15,665.8685 JPM shares were withheld at $295.04 per share to satisfy taxes due on the PSU settlement.

What are performance share units (PSUs) in the JPM Form 4 for Lori Beer?

The PSUs are awards that convert into shares of JPM common stock if performance goals are met. Each PSU represents a contingent right to receive one share, with earned PSUs, including dividend equivalents, settling in stock after the three-year performance period.

What holding requirements apply to Lori Beer’s newly settled JPM shares?

Shares delivered from the PSU settlement, after tax withholding, must be held for an additional two-year period. This creates a total combined vesting and holding period of five years from the January 17, 2023 grant date under the PSU award terms.

Did Lori Beer retain any unexercised derivative awards after this JPM Form 4?

The derivative summary in the Form 4 is empty, indicating no remaining derivative positions from this PSU award after settlement. The PSUs earned for the three-year performance period fully converted into JPM common shares on March 25, 2026.