JPMorgan (NYSE: JPM) Co-CEO exercises RSUs, disposes 16K shares on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JPMorgan Chase & Co. executive Douglas B. Petno, Co-CEO of the Corporate & Investment Bank, reported equity award activity and related stock transactions. On January 13, 2026, he converted 15,761 restricted stock units and another 14,215 restricted stock units into the same number of JPMorgan common shares at an exercise price of $0.00 per share.
On the same date, there was a disposition of 16,027 shares of common stock at a price of $318.715 per share. Following these transactions, he held 372,613 shares of JPMorgan common stock directly. In addition, 70,457 shares of common stock were reported as held indirectly through family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
29,976 shares exercised/converted
Mixed
6 txns
Insider
Petno Douglas B
Role
Co-CEO CIB
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 15,761 | $0.00 | -- |
| Exercise | Restricted Stock Units | 14,215 | $0.00 | -- |
| Exercise | Common Stock | 15,761 | $0.00 | -- |
| Exercise | Common Stock | 14,215 | $0.00 | -- |
| Tax Withholding | Common Stock | 16,027 | $318.715 | $5.11M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 374,425 shares (Direct);
Common Stock — 70,457 shares (Indirect, By Family Trusts)
Footnotes (1)
- Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of JPMC common stock. RSUs vest 50% on January 13, 2025 and 50% on January 13, 2026. RSUs vest 50% on January 13, 2026 and 50% on January 13, 2027.
FAQ
What insider activity did JPM (JPMorgan Chase & Co.) report for Douglas B. Petno?
Douglas B. Petno, Co-CEO of the Corporate & Investment Bank, reported converting restricted stock units into JPMorgan common stock and a disposition of common shares on January 13, 2026.
What do the restricted stock units (RSUs) in the JPM Form 4 represent?
Each RSU represents a contingent right to receive one share of JPMorgan common stock, with vesting schedules that provide for 50% vesting on specified January 13 dates in 2025, 2026, and 2027.