Douglas B. Petno - Jan 18, 2022 Form 4 Insider Report for JPMORGAN CHASE & CO (JPM)

Role
CEO Commercial Banking
Signature
/s/ David K.F. Gillis under POA
Stock symbol
JPM
Transactions as of
Jan 18, 2022
Transactions value $
$0
Form type
4
Date filed
1/20/2022, 03:34 PM
Previous filing
Jan 14, 2022
Next filing
Mar 17, 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 Restricted Stock Units Award $0 +27.9K $0.00 27.9K Jan 18, 2022 Common Stock 27.9K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consistent with last year, Restricted Stock Units (RSUs) represent 50% of the Reporting Person's equity-based compensation for performance year 2021, with the remaining 50% awarded in the form of Performance Share Units (PSUs).
F2 Each RSU represents a contingent right to receive one share of JPMC common stock.
F3 Equity incentives are subject to the JPMorgan Chase Bonus Recoupment Policy which applies in the event of a material restatement of the Firm's financials. In addition, all equity awards granted in 2022 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 granted to Operating Committee members are also subject to additional Protection-based Vesting provisions under which awards may be cancelled, any determination with respect to which is subject to ratification by the Compensation & Management Development Committee of the Board of Directors.
F4 RSUs vest 50% on January 13, 2024 and 50% on January 13, 2025.