Douglas B. Petno - Mar 25, 2023 Form 4 Insider Report for JPMORGAN CHASE & CO (JPM)

Role
CEO Commercial Banking
Signature
/s/ Holly Youngwood under POA
Stock symbol
JPM
Transactions as of
Mar 25, 2023
Transactions value $
-$3,035,659
Form type
4
Date filed
3/28/2023, 04:17 PM
Previous filing
Mar 23, 2023
Next filing
May 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JPM Common Stock Options Exercise $0 +44.1K +18.4% $0.00 284K Mar 25, 2023 Direct F1, F2
transaction JPM Common Stock Tax liability -$3.04M -24.4K -8.59% $124.40 260K Mar 25, 2023 Direct
holding JPM Common Stock 23.7K Mar 25, 2023 By Family Trust
holding JPM Common Stock 132K Mar 25, 2023 By GRATs

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 Performance Share Units Options Exercise $0 -44.1K -100% $0.00* 0 Mar 25, 2023 Common Stock 44.1K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent JPMC common stock acquired on March 25, 2023 upon settlement of a Performance Share Unit (PSU) award granted on January 21, 2020 for the three-year performance period ended December 31, 2022 (as previously disclosed on a Form 4 filed on March 23, 2023), and must be held for an additional two-year period, for a total combined vesting and holding period of five years from the date of grant.
F2 Each PSU represents a contingent right to receive one share of JPMC common stock upon vesting based on the attainment of performance goals.
F3 Represents PSUs earned (including reinvested dividend equivalents) based on the Firm's attainment of pre-established performance goals for the three-year performance period ended December 31, 2022, as provided under the terms of a PSU award granted on January 21, 2020, and as previously reported on a Form 4 filed on March 23, 2023. The PSUs settled in shares of common stock on March 25, 2023. Shares delivered, after applicable tax withholding, must be held for an additional two-year period, for a total combined vesting and holding period of five years from the date of grant.