James Dimon - Mar 25, 2023 Form 4 Insider Report for JPMORGAN CHASE & CO (JPM)

Role
Chairman & CEO, Director
Signature
/s/ Holly Youngwood under POA
Stock symbol
JPM
Transactions as of
Mar 25, 2023
Transactions value $
-$20,566,365
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 +299K +57.01% $0.00 823K Mar 25, 2023 Direct F1, F2, F3
transaction JPM Common Stock Tax liability -$20.6M -165K -20.08% $124.40 658K Mar 25, 2023 Direct F3
holding JPM Common Stock 8.5K Mar 25, 2023 By 401(k)
holding JPM Common Stock 3M Mar 25, 2023 By Family Trusts F4
holding JPM Common Stock 4.11M Mar 25, 2023 By GRATs F5
holding JPM Common Stock 153K Mar 25, 2023 By LLC F6
holding JPM Common Stock 696K Mar 25, 2023 By Spouse

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 -299K -100% $0.00* 0 Mar 25, 2023 Common Stock 299K Direct F2, F7
* 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 Balance reflects 189,268 shares transferred from a Grantor Retained Annuity Trust (GRAT) to the Grantor on Jan 17, 2023. This transfer is exempt from Section 16 pursuant to Rule 16a-13.
F4 Balance reflects 86,721 shares transferred from a Grantor Annuuity Retained Trust to the Grantor's Family Trusts on Jan 18, 2023. This transfer is exempt from Section 16 pursuant to Rule 16a-13.
F5 Balance reflects a) 189,268 shares transferred from a Grantor Retained Annuity Trust (GRAT) to the Grantor on Jan 17, 2023; and b) 86,721 shares transferred from a GRAT to the Grantor's Family Trusts on Jan 18, 2023. These transfers are exempt from Section 16 pursuant to Rule 16a-13.
F6 Reporting person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest.
F7 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.