JPMorgan (NYSE: JPM) CRO earns 47K performance share units after 3-year goals

Rhea-AI Filing Summary

BACON ASHLEY reported acquisition or exercise transactions in this Form 4 filing.

JPMorgan Chase & Co.’s Chief Risk Officer Ashley Bacon reported an award of 47,213.4479 Performance Share Units (PSUs). Each PSU represents a contingent right to receive one share of JPM common stock, earned based on the firm’s performance over a three‑year period ended December 31, 2025.

The PSUs are expected to vest and settle in common stock on March 25, 2026, and the resulting share delivery will be reported in a later filing. 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 January 17, 2023 grant date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BACON ASHLEY

Role Chief Risk Officer

Type	Security	Shares	Price	Value
Grant/Award	Performance Share Units	47,213.448	$0.00	--

Holdings After Transaction: Performance Share Units — 47,213.448 shares (Direct)

Footnotes (1)

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.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

BACON ASHLEY

(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 Risk Officer

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		47,213.4479(2)		(3)	(3)	Common Stock	47,213.4479	$0.0000	47,213.4479	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 Ashley Bacon?

Ashley Bacon, JPMorgan’s Chief Risk Officer, reported receiving 47,213.4479 Performance Share Units. These units are part of long-term incentive compensation and represent a contingent right to receive common stock based on the firm’s achievement of pre-established performance goals.

How many Performance Share Units did JPM’s Chief Risk Officer receive?

The Chief Risk Officer received 47,213.4479 Performance Share Units. This amount reflects PSUs earned, including reinvested dividend equivalents, based on JPMorgan’s performance over a three-year period ending December 31, 2025, as certified by the board’s compensation committee.

When will Ashley Bacon’s JPM Performance Share Units vest and settle into shares?

The earned Performance Share Units are expected to vest and settle in JPM common stock on March 25, 2026. The vesting is tied to the completed three-year performance period and will be reported in a separate Form 4 filing when shares are actually delivered.

What performance period applies to the JPM Performance Share Units granted to Ashley Bacon?

The PSUs relate to a three-year performance period that ended on December 31, 2025. JPMorgan’s compensation committee certified the firm’s absolute and relative performance against pre-established goals and determined that the maximum amount of the previously granted PSUs was earned.

What holding requirements apply after Ashley Bacon’s JPM PSUs settle in stock?

After the PSUs settle and shares are delivered, net of tax withholding, the shares must be held for an additional two years. Combined with the original January 17, 2023 grant date, this creates a total five-year vesting and post-vesting holding period.

Is Ashley Bacon’s Form 4 transaction in JPM shares an open-market buy or sell?

The transaction is a grant and earning of Performance Share Units, not an open-market buy or sell. It represents compensation that will settle in JPM common stock later, subject to vesting, tax withholding, and an additional two-year holding requirement on delivered shares.