JPMorgan Chase (NYSE: JPM) COO receives 21,289 RSUs with long-term vesting

Rhea-AI Filing Summary

JPMorgan Chase & Co. (JPM) Chief Operating Officer Jennifer Piepszak reported an equity award of 21,289 Restricted Stock Units (RSUs) dated January 20, 2026. Each RSU represents a contingent right to receive one share of JPMC common stock. For performance year 2025, RSUs represent 50% of her equity-based incentive compensation, with the remaining 50% awarded as Performance Share Units.

The RSUs vest in two equal installments, with 50% vesting on January 13, 2028 and 50% on January 13, 2029. These equity incentives are subject to JPMorgan Chase’s Bonus Recoupment Policy in the event of a material restatement of financial statements, as well as recapture provisions that allow the firm to cancel outstanding awards or recover stock value in specified circumstances. Portions of equity awards granted to Operating Committee members are also subject to additional Protection-Based Vesting provisions that may result in cancellation, subject to Compensation & Management Development Committee ratification.

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

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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^*

Piepszak Jennifer

(Last) (First) (Middle)

270 PARK AVENUE

(Street)

NEW YORK NY 10017-2014

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

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

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

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

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)	(2)	01/20/2026		A(3)		21,289		(4)	01/13/2029	Common Stock	21,289	$0.0000	21,289	D

Explanation of Responses:

1. Consistent with last year, Restricted Stock Units (RSUs) represent 50% of the Reporting Person's equity-based incentive compensation for performance year 2025, with the remaining 50% awarded in the form of Performance Share Units (PSUs).

2. Each RSU represents a contingent right to receive one share of JPMC common stock.

3. 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 statements. 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, portions of equity awards granted to Operating Committee members are also subject to additional Protection-Based Vesting provisions under which awards may be cancelled, any determination with respect to which is subject to ratification by the Compensation & Management Development Committee of the Board of Directors.

4. RSUs vest 50% on January 13, 2028 and 50% on January 13, 2029.

	/s/ Holly Youngwood under POA	01/22/2026
	** Signature of Reporting Person	Date
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FAQ

What equity award did JPM (JPMorgan Chase) COO Jennifer Piepszak receive?

She received an award of 21,289 Restricted Stock Units (RSUs) on January 20, 2026, each representing a contingent right to one share of JPMC common stock.

How do RSUs fit into Jennifer Piepszak’s 2025 equity-based compensation at JPM?

For performance year 2025, RSUs represent 50% of her equity-based incentive compensation, with the remaining 50% awarded in Performance Share Units (PSUs).

What is the vesting schedule for the 21,289 JPM RSUs granted to the COO?

The RSUs vest 50% on January 13, 2028 and 50% on January 13, 2029, creating a two-step long-term vesting schedule.

Are the JPM RSU awards to the COO subject to any recoupment or recapture policies?

Yes. The equity incentives are subject to JPMorgan Chase’s Bonus Recoupment Policy in the event of a material restatement, and 2026 awards contain recapture provisions allowing cancellation or recovery of stock value in specified circumstances.

What are Protection-Based Vesting provisions mentioned in the JPM Form 4?

Portions of equity awards granted to Operating Committee members are subject to Protection-Based Vesting provisions under which awards may be cancelled, with any determination subject to ratification by the Compensation & Management Development Committee of the Board of Directors.

Is the 21,289 RSU award to the JPM COO held directly or indirectly?

The filing shows 21,289 Restricted Stock Units held with direct ownership (D) following the reported transaction.