JPMorgan Chase (NYSE: JPM) awards 48.9K performance share units to General Counsel

Rhea-AI Filing Summary

JPMorgan Chase & Co. General Counsel Stacey Friedman reported a compensation-related equity award. She acquired 48,929.4426 Performance Share Units (PSUs), each tied to one share of JPM common stock, based on the firm’s performance over the three-year period ended December 31, 2025.

The PSUs are expected to vest and settle into shares of common stock on March 25, 2026. After shares are delivered and taxes withheld, they must be held for an additional two years, creating a total five-year vesting and holding period from the original PSU grant date of January 17, 2023.

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^*

Friedman Stacey

(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)
	General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

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
Performance Share Units	(1)	03/17/2026		A		48,929.4426(2)		(3)	(3)	Common Stock	48,929.4426	$0.0000	48,929.4426	D

Explanation of Responses:

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.

2. 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.

3. 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.

	/s/ Holly Youngwood under POA	03/19/2026
	** 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.) report for Stacey Friedman?

JPM reported that General Counsel Stacey Friedman acquired 48,929.4426 Performance Share Units as a compensation award. Each PSU represents a contingent right to one share of JPM common stock, earned based on the firm’s performance over a three-year period ending December 31, 2025.

Are Stacey Friedman’s new JPM Performance Share Units an open-market purchase or a grant?

The transaction is a grant of Performance Share Units, not an open-market purchase. It reflects PSUs earned under a previously granted award, tied to JPMorgan Chase’s performance goals, and is classified as a grant or award acquisition on the Form 4 filing.

When will Stacey Friedman’s JPM Performance Share Units vest and settle into shares?

The PSUs are expected to vest and settle into JPM common stock on March 25, 2026. This follows the completion of the three-year performance period ending December 31, 2025 and formal certification of the firm’s performance by the Compensation & Management Development Committee.

What performance period determines Stacey Friedman’s JPM Performance Share Units payout?

The PSUs were earned based on JPMorgan Chase’s performance over a three-year period ending December 31, 2025. The Board’s Compensation & Management Development Committee certified both absolute and relative performance against pre-established goals, determining that the maximum amount of the previously granted PSUs was earned.

How long must Stacey Friedman hold JPM shares received from these Performance Share Units?

After the PSUs settle into JPM common stock and taxes are withheld, the delivered shares must be held for an additional two years. Together with the initial vesting period, this creates a total five-year vesting and holding schedule from the grant date of January 17, 2023.

Do Stacey Friedman’s JPM Performance Share Units include dividend equivalents?

Yes. The reported 48,929.4426 PSUs include reinvested dividend equivalents. These reflect additional units accumulated over the performance period as dividends were credited, and they are included in the total PSU amount earned under the performance-based award.