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Douglas Petno (JPM: JPM) awarded 90,321 RSUs in long-term retention grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Petno Douglas B reported acquisition or exercise transactions in this Form 4 filing.

JPMorgan Chase & Co. granted Co-President and CEO of CIB Douglas B. Petno 90,321 Restricted Stock Units (RSUs) as a Retention and Continuity Award. Each RSU represents a contingent right to receive one share of JPM common stock.

The award cliff-vests on June 24, 2029, subject to a performance condition, continued employment (with limited exceptions), and other award terms. After vesting and tax withholding, delivered shares must be held for an additional two years, creating a five-year combined vesting and holding period. The RSUs are subject to the firm’s bonus recoupment, recapture, and protection-based vesting provisions applicable to Operating Committee members.

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Insider Petno Douglas B
Role Co-President; CEO CIB
Type Security Shares Price Value
Grant/Award Restricted Stock Units 90,321 $0.00 --
Holdings After Transaction: Restricted Stock Units — 90,321 shares (Direct, null)
Footnotes (1)
  1. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of JPMC common stock. 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 results. 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, equity awards granted to Operating Committee members are also subject to additional Protection-based Vesting provisions under which portions of awards may be cancelled by the CEO, any determination with respect to which is subject to ratification by the Compensation & Management Development Committee of the Board of Directors. The Retention and Continuity Award cliff-vests on June 24, 2029. Vesting is subject to achievement of a Performance Condition; continuous employment with the Firm, with certain limited exceptions; and the other terms and conditions as set forth in the award agreement. Shares delivered, after applicable tax withholding, must be held for an additional two-year period, resulting in a total combined vesting and holding period of five years from the date of grant. Shares are subject to the Firm's stock ownership guideline and retention requirements applicable to the Firm's Operating Committee members. The Firm also reported this Retention and Continuity Award in a Current Report on Form 8-K filed on June 25, 2026.
RSU grant size 90,321 RSUs Retention and Continuity Award to Douglas B. Petno
RSU underlying shares 90,321 shares Common stock underlying the RSUs
Exercise/Conversion price $0.00 per share RSU grant with no exercise price
Total derivative holdings after grant 90,321 RSUs Total RSUs held following this transaction
Cliff vesting date June 24, 2029 Retention and Continuity Award vesting date
Post-vesting holding period 2 years Shares must be held after delivery
Total vest + holding period 5 years From grant date to end of holding requirement
Restricted Stock Unit (RSU) financial
"Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of JPMC common stock."
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
Bonus Recoupment Policy regulatory
"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 results."
recapture provisions regulatory
"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"
Protection-based Vesting financial
"equity awards granted to Operating Committee members are also subject to additional Protection-based Vesting provisions under which portions of awards may be cancelled"
cliff-vests financial
"The Retention and Continuity Award cliff-vests on June 24, 2029."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Petno Douglas B
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Co-President; CEO CIB
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)06/24/2026A(2)90,321 (3)06/24/2029Common Stock90,321$0.000090,321D
Explanation of Responses:
1. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of JPMC common stock.
2. 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 results. 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, equity awards granted to Operating Committee members are also subject to additional Protection-based Vesting provisions under which portions of awards may be cancelled by the CEO, any determination with respect to which is subject to ratification by the Compensation & Management Development Committee of the Board of Directors.
3. The Retention and Continuity Award cliff-vests on June 24, 2029. Vesting is subject to achievement of a Performance Condition; continuous employment with the Firm, with certain limited exceptions; and the other terms and conditions as set forth in the award agreement. Shares delivered, after applicable tax withholding, must be held for an additional two-year period, resulting in a total combined vesting and holding period of five years from the date of grant. Shares are subject to the Firm's stock ownership guideline and retention requirements applicable to the Firm's Operating Committee members. The Firm also reported this Retention and Continuity Award in a Current Report on Form 8-K filed on June 25, 2026.
Remarks:
poapetno.txt
/s/ Denise G. Connors under POA06/26/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did JPM (JPMorgan Chase & Co.) disclose about Douglas Petno in this Form 4?

JPMorgan Chase & Co. disclosed that Douglas B. Petno received 90,321 Restricted Stock Units as a Retention and Continuity Award. Each RSU represents a contingent right to one share of JPM common stock, subject to vesting, holding, and policy conditions.

How many JPM Restricted Stock Units were granted to Douglas Petno and what do they represent?

Douglas Petno was granted 90,321 Restricted Stock Units by JPMorgan Chase & Co. Each RSU represents a contingent right to receive one share of JPM common stock, linking his compensation to the company’s equity over a multi-year period.

When do Douglas Petno’s JPM Retention and Continuity Award RSUs vest?

The Retention and Continuity Award RSUs for Douglas Petno cliff-vest on June 24, 2029. Vesting depends on meeting a performance condition, maintaining continuous employment with limited exceptions, and other terms detailed in the applicable award agreement.

What holding period applies to Douglas Petno’s JPM RSU award after vesting?

After vesting and tax withholding, shares delivered under the award must be held for an additional two years. This creates a total combined vesting and holding period of five years from the June 24, 2026 grant date for Douglas Petno’s RSU award.

What recoupment or recapture provisions apply to Douglas Petno’s 2026 JPM equity award?

The award is subject to JPMorgan Chase’s Bonus Recoupment Policy in case of a material financial restatement. All 2026 equity awards also include recapture provisions allowing cancellation or recovery of value in specified circumstances, particularly for Operating Committee members.

What is Protection-based Vesting for JPM Operating Committee members’ equity awards?

Protection-based Vesting allows portions of equity awards granted to Operating Committee members to be cancelled by the CEO in certain situations. Any such determination is subject to ratification by the Compensation & Management Development Committee of the Board of Directors.