Elena A. Korablina - Jan 17, 2023 Form 4 Insider Report for JPMORGAN CHASE & CO (JPM)

Role
Corporate Controller
Signature
/s/ Holly Youngwood under POA
Stock symbol
JPM
Transactions as of
Jan 17, 2023
Transactions value $
$0
Form type
4
Date filed
1/19/2023, 04:08 PM
Previous filing
Jan 17, 2023
Next filing
Oct 26, 2023

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 +11.6K +131.22% $0.00 20.4K Jan 17, 2023 Common Stock 11.6K 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 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of JPMC common stock.
F2 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 statements. In addition, all equity awards granted in 2023 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 the Reporting Person are also subject to additional Protection-based Vesting provisions under which awards may be cancelled.
F3 Restricted stock units vest 50% on January 13, 2025 and 50% on January 13, 2026.
F4 Balance of 20,398 also includes (1) the remaining 4,200 RSUs of the previously reported January 2022 RSU grant of 5,600 shares which vests as follows: 1,400 shares on January 13, 2023, 1,400 shares on January 13, 2024, 1,400 shares on January 13, 2025, and 1,400 shares on January 13, 2026. As Identified Staff (material risk-takers identified under U.K. and/or European Union standards) for a portion of the year to which the grant relates, the shares resulting from vesting must be held for 12 months from vesting date; and (2) the remaining 4,622 RSUs of the previously reported January 2019 RSU grant of 7,702 shares which vests as follows: 1,540 shares on January 13, 2022, 1,540 shares on January 13, 2023, 1,540 shares on January 13, 2024, 1,541 shares on January 13, 2025, and 1,541 shares on January 13, 2026. As Identified Staff at the time of grant, the shares resulting from vesting must be held for 12 months from vesting date.