JPMorgan CEO exercises PSUs, gets stock award

JPMorgan Chase & Co. Chairman & CEO James Dimon exercised performance share units on March 25, 2026, converting 320,473.2133 PSUs into the same number of common shares as part of a long‑term incentive award earned over a three‑year performance period.

Rhea-AI Filing Summary

JPMorgan Chase & Co. Chairman & CEO James Dimon exercised performance share units on March 25, 2026, converting 320,473.2133 PSUs into the same number of common shares as part of a long‑term incentive award earned over a three‑year performance period.

To cover tax obligations, 177,222.2133 common shares were withheld at $295.04 per share. After these transactions, Dimon held 1,811,113 JPM common shares directly, with additional indirect holdings reported through a 401(k), family trusts, an LLC and his spouse. Shares delivered from this PSU award must be held for an extra two years, resulting in a combined five‑year vesting and holding period.

Insider Trade Summary

320,473.2133 shares exercised/converted

Exercise 7 txns

Insider DIMON JAMES

Role Chairman & CEO

Type	Security	Shares	Price	Value
Exercise	Performance Share Units	320,473.2133	$0.00	$0.00
Exercise	Common Stock	320,473.2133	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	177,222.2133	$295.04	$52.29M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Performance Share Units — 0 contracts (Direct); Common Stock — 1,811,113 shares (Direct); Common Stock — 9,000.9294 shares (Indirect, By 401(k)); Common Stock — 4,209,284 shares (Indirect, By Family Trusts); Common Stock — 116,466 shares (Indirect, By LLC); Common Stock — 273,035 shares (Indirect, By Spouse)

Footnotes (4)

1. F1. 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. F2. Each PSU represents a contingent right to receive one share of JPM common stock upon vesting based on the attainment of performance goals.
3. F3. Reporting person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest.
4. F4. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did JPMorgan (JPM) CEO James Dimon do in this Form 4 filing?

James Dimon exercised performance share units that converted into 320,473.2133 JPM common shares. These shares relate to a long-term incentive award earned over a three-year performance period ending December 31, 2025, and are subject to an additional two-year holding requirement.

How many JPMorgan (JPM) shares were withheld for taxes in Dimon’s transaction?

To satisfy tax obligations, 177,222.2133 JPM common shares were withheld at a price of $295.04 per share. This tax-withholding disposition is a non-market event and does not represent an open-market sale of shares by James Dimon.

How many JPMorgan (JPM) shares does James Dimon hold directly after this filing?

Following the March 25, 2026 transactions, James Dimon directly holds 1,811,113 JPMorgan common shares. This reflects the net impact of the performance share unit settlement and the related tax-withholding share disposition reported in the filing.

Are James Dimon’s new JPMorgan (JPM) shares subject to holding requirements?

Yes. Shares delivered from the settled performance share units must be held for an additional two-year period. Combined with the initial vesting schedule, this creates a total five-year vesting and holding period from the original grant date of January 17, 2023.

What indirect JPMorgan (JPM) holdings related to James Dimon are reported?

Indirect holdings include JPM common shares held through a 401(k) plan, family trusts, an LLC and his spouse. The filing notes that Dimon disclaims beneficial ownership of such shares except to the extent of any pecuniary interest he may have.

Was this JPMorgan (JPM) Form 4 a market purchase or sale by James Dimon?

No open-market purchases or sales were reported. The filing shows a derivative exercise of performance share units into common stock and a related tax-withholding share disposition, both typical compensation and tax events rather than discretionary market trades.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/27/2026 - 04:16 PM EDT 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^*

DIMON JAMES

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman & CEO

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		320,473.2133(1)	A	$0(2)	1,988,335.2133	D
Common Stock	03/25/2026		F		177,222.2133	D	$295.04	1,811,113	D
Common Stock								9,000.9294	I	By 401(k)
Common Stock								4,209,284	I	By Family Trusts
Common Stock								116,466	I	By LLC(3)
Common Stock								273,035	I	By Spouse

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			320,473.2133(4)	(4)	(4)	Common Stock	320,473.2133	$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. Reporting person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest.

4. 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.
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* Form 4: SEC 1474 (03-26)