JPMorgan (NYSE: JPM) CIB co-CEO earns 50K performance share units
Rhea-AI Filing Summary
JPMorgan Chase & Co. reported that Douglas B. Petno, Co-CEO of its Corporate & Investment Bank, acquired 50,647.5438 Performance Share Units as a grant. Each PSU represents a contingent right to one share of common stock, earned for a three-year performance period ended December 31, 2025.
The PSUs are expected to vest and settle in common shares on March 25, 2026, after which the delivered shares, net of tax withholding, must be held for an additional two years, creating a total five-year vesting and holding period from the original grant date.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 50,647.544 | $0.00 | -- |
Footnotes (1)
- Each Performance Share Unit (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. The PSUs are expected to vest and settle in shares of common stock on March 25, 2026, which will be reported in a later Form 4 filing. In accordance with the terms of the PSUs, the Board's Compensation & Management Development Committee has certified the Firm's absolute and relative performance against the pre-established performance goals for the performance period and has determined that the maximum amount of the previously granted PSUs has been earned. 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, as provided under the terms of the PSU award granted on January 17, 2023.
FAQ
What insider transaction did JPM (JPMorgan Chase & Co.) disclose for Douglas B. Petno?
Douglas B. Petno received a grant of 50,647.5438 Performance Share Units. These PSUs were earned based on JPMorgan’s pre-established performance goals over a three-year period and will convert into common stock after vesting and required holding conditions are met.
What performance period determined the JPM PSUs earned by Douglas B. Petno?
The PSUs were earned based on JPMorgan’s performance over a three-year period ending December 31, 2025. The Board’s Compensation & Management Development Committee certified absolute and relative performance against pre-established goals for that timeframe.