JPMorgan Chase (JPM) COO awarded 60,214 RSUs in long-term retention grant

Rhea-AI Filing Summary

Piepszak Jennifer reported acquisition or exercise transactions in this Form 4 filing.

JPMorgan Chase & Co. Chief Operating Officer Jennifer Piepszak received a grant of 60,214 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of JPMorgan Chase common stock, aligning a significant portion of her compensation with the company’s future performance.

The award is a Retention and Continuity Award that cliff-vests on June 24, 2029, subject to a performance condition, continued employment (with limited exceptions), and other award terms. After vesting and tax withholding, the delivered shares must be held for an additional two years, creating a combined five-year vesting and holding period.

The RSUs are subject to the firm’s Bonus Recoupment Policy in the event of a material restatement and include recapture provisions that allow cancellation or recovery in specified circumstances. As an Operating Committee member, portions of the award are also subject to Protection-based Vesting provisions that may result in cancellation under certain conditions.

Insights

Executive compensation analyst

COO receives long-dated RSU award with strong retention and clawback terms.

Jennifer Piepszak, Chief Operating Officer of JPMorgan Chase & Co., was granted 60,214 Restricted Stock Units as a Retention and Continuity Award. Each unit represents one share of common stock and reflects compensation tied to equity rather than cash.

The award cliff-vests on June 24, 2029, subject to a performance condition and continued employment, and vested shares must then be held for an additional two years. This structure promotes long-term retention and aligns incentives over a five-year horizon from grant.

The RSUs are subject to the firm’s Bonus Recoupment Policy, additional recapture provisions, and Protection-based Vesting for Operating Committee members. These mechanisms allow cancellation or recovery of value in specified circumstances, placing meaningful risk on the executive if performance or conduct conditions are not met. Overall, this appears to be a routine, policy-driven equity grant.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Piepszak Jennifer

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	60,214	$0.00	--

Holdings After Transaction: Restricted Stock Units — 60,214 shares (Direct, null)

Footnotes (1)

1. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of JPMC common stock. Equity incentives are subject to the JPMorgan Chase Bonus Recoupment Policy which applies in the event of a material restatement of the Firm's financial results. In addition, all equity awards granted in 2026 contain recapture provisions that enable the Firm to cancel outstanding awards and/or recover the value of certain stock distributed under the award in specified circumstances. In addition to recapture provisions, equity awards granted to Operating Committee members are also subject to additional Protection-based Vesting provisions under which portions of awards may be cancelled by the CEO, any determination with respect to which is subject to ratification by the Compensation & Management Development Committee of the Board of Directors. The Retention and Continuity Award cliff-vests on June 24, 2029. Vesting is subject to achievement of a Performance Condition; continuous employment with the Firm, with certain limited exceptions; and the other terms and conditions as set forth in the award agreement. Shares delivered, after applicable tax withholding, must be held for an additional two-year period, resulting in a total combined vesting and holding period of five years from the date of grant. Shares are subject to the Firm's stock ownership guideline and retention requirements applicable to the Firm's Operating Committee members. The Firm also reported this Retention and Continuity Award in a Current Report on Form 8-K filed on June 25, 2026.

Key Figures

RSUs granted: 60,214 RSUs Underlying common shares: 60,214 shares Exercise/conversion price: $0.00 per unit +3 more

6 metrics

RSUs granted 60,214 RSUs Retention and Continuity Award to COO

Underlying common shares 60,214 shares Each RSU represents one share of common stock

Exercise/conversion price $0.00 per unit Restricted Stock Units granted at no exercise price

Vesting date June 24, 2029 Cliff-vesting date for Retention and Continuity Award

Holding period 2 years post-vesting Required holding after delivery of vested shares

Recoupment policy Bonus Recoupment Policy applies Relevant in case of material restatement of financial results

Key Terms

Restricted Stock Unit, Bonus Recoupment Policy, recapture provisions, Protection-based Vesting, +1 more

5 terms

Restricted Stock Unit financial

"Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of JPMC common stock."

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Bonus Recoupment Policy regulatory

"Equity incentives are subject to the JPMorgan Chase Bonus Recoupment Policy which applies in the event of a material restatement..."

recapture provisions regulatory

"all equity awards granted in 2026 contain recapture provisions that enable the Firm to cancel outstanding awards and/or recover the value..."

Protection-based Vesting financial

"equity awards granted to Operating Committee members are also subject to additional Protection-based Vesting provisions under which portions of awards may be cancelled..."

cliff-vests financial

"The Retention and Continuity Award cliff-vests on June 24, 2029."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/26/2026 - 05:11 PM Accepted by SEC EDGAR 06/26/2026 - 05:11 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Piepszak Jennifer

(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 Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2026

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

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
Restricted Stock Units	(1)	06/24/2026		A(2)		60,214		(3)	06/24/2029	Common Stock	60,214	$0.0000	60,214	D

Explanation of Responses:

1. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of JPMC common stock.

2. Equity incentives are subject to the JPMorgan Chase Bonus Recoupment Policy which applies in the event of a material restatement of the Firm's financial results. In addition, all equity awards granted in 2026 contain recapture provisions that enable the Firm to cancel outstanding awards and/or recover the value of certain stock distributed under the award in specified circumstances. In addition to recapture provisions, equity awards granted to Operating Committee members are also subject to additional Protection-based Vesting provisions under which portions of awards may be cancelled by the CEO, any determination with respect to which is subject to ratification by the Compensation & Management Development Committee of the Board of Directors.

3. The Retention and Continuity Award cliff-vests on June 24, 2029. Vesting is subject to achievement of a Performance Condition; continuous employment with the Firm, with certain limited exceptions; and the other terms and conditions as set forth in the award agreement. Shares delivered, after applicable tax withholding, must be held for an additional two-year period, resulting in a total combined vesting and holding period of five years from the date of grant. Shares are subject to the Firm's stock ownership guideline and retention requirements applicable to the Firm's Operating Committee members. The Firm also reported this Retention and Continuity Award in a Current Report on Form 8-K filed on June 25, 2026.

Remarks:

poapiepzsak.txt

	/s/ Denise G. Connors under POA	06/26/2026
	** 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.
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* Form 4: SEC 1474 (03-26)