Friedman Stacey 4
4 · JPMORGAN CHASE & CO · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
JPMorgan GC Stacey Friedman Receives 48,929 Performance Share Units
What Happened
Stacey Friedman, General Counsel of JPMorgan Chase & Co., was granted 48,929.443 Performance Share Units (PSUs) on 2026-03-17 (reported on Form 4 filed 2026-03-19). The PSUs were awarded as earned compensation (derivative award reported at $0.00) based on the firm’s achievement of pre-established performance goals for the three-year period ended 12/31/2025. The Compensation & Management Development Committee certified that the maximum number of previously granted PSUs was earned.
Key Details
- Transaction date: 2026-03-17 (Form 4 filed 2026-03-19; appears timely).
- Transaction type: Award/Grant of PSUs (code A); amount: 48,929.443 PSUs; reported price: $0.00 (derivative award).
- Expected settlement: PSUs are expected to vest and be settled in shares on 2026-03-25; a further Form 4 will report the actual share delivery.
- Post-delivery holding: Shares delivered after applicable tax withholding must be held for an additional two years — total combined vesting + holding = five years from the original grant date (grant was 01/17/2023).
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes: PSUs include reinvested dividend equivalents and represent contingent rights to receive one share per PSU upon vesting; committee certified maximum payout for the period.
Context
PSUs are a form of long-term, performance-based compensation that convert into company shares only if performance and vesting conditions are met; this is not an open-market purchase or sale by the insider. Such awards are common for executives and reflect company performance metrics and retention rules rather than an insider’s immediate trading sentiment.
Insider Transaction Report
- Award
Performance Share Units
[F1][F2][F3]2026-03-17+48,929.443→ 48,929.443 total→ Common Stock (48,929.443 underlying)
Footnotes (3)
- [F1]Each Performance Share Unit (PSU) represents a contingent right to receive one share of JPM common stock upon vesting based on the attainment of performance goals.
- [F2]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, 2025. The PSUs are expected to vest and settle in shares of common stock on March 25, 2026, which will be reported in a later Form 4 filing. In accordance with the terms of the PSUs, the Board's Compensation & Management Development Committee has certified the Firm's absolute and relative performance against the pre-established performance goals for the performance period and has determined that the maximum amount of the previously granted PSUs has been earned.
- [F3]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, as provided under the terms of the PSU award granted on January 17, 2023.