Daniel E. Pinto - Dec 14, 2021 Form 4 Insider Report for JPMORGAN CHASE & CO (JPM)

Role: Co-President & COO, CEO CIB
Signature: /s/ David K.F. Gillis under POA
Stock symbol: JPM
Transactions as of: Dec 14, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/15/2021, 03:17 PM
Previous filing: Oct 25, 2021
Next filing: Jan 14, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	JPM	Stock Appreciation Rights	Award	$0	+750K		$0.00	750K	Dec 14, 2021	Common Stock	750K	$159.10	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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 2021 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 awarded to the President and Chief Operating Officer are also subject to Protection-based Vesting provisions under which awards may be cancelled as determined by the Compensation & Management Development Committee of the Board of Directors and ratified by the Board of Directors.
F2	The options have a ten-year term and will become exercisable no earlier than December 14, 2026. Vesting is subject to continuous leadership of the Firm, with certain limited exceptions. Net shares resulting from the exercise must be held until December 14, 2031, and are also subject to the Firm's stock ownership guideline and retention requirements applicable to the Firm's Operating Committee members. The Firm also reported this special award in a Current Report on Form 8-K filed on December 14, 2021.

Content

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 2021 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 awarded to the President and Chief Operating Officer are also subject to Protection-based Vesting provisions under which awards may be cancelled as determined by the Compensation & Management Development Committee of the Board of Directors and ratified by the Board of Directors.

The options have a ten-year term and will become exercisable no earlier than December 14, 2026. Vesting is subject to continuous leadership of the Firm, with certain limited exceptions. Net shares resulting from the exercise must be held until December 14, 2031, and are also subject to the Firm's stock ownership guideline and retention requirements applicable to the Firm's Operating Committee members. The Firm also reported this special award in a Current Report on Form 8-K filed on December 14, 2021.