Rohrbaugh Troy L 4
4 · JPMORGAN CHASE & CO · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
JPMorgan Chase Co-CEO CIB Troy Rohrbaugh Receives PSU Award
What Happened
Troy L. Rohrbaugh, Co-CEO of the Corporate & Investment Bank at JPMorgan Chase & Co., was awarded 72,965.113 performance share units (PSUs) on March 17, 2026. The award is reported as an acquisition at $0.00 because PSUs are contingent, derivative awards (not an open-market purchase). The Compensation & Management Development Committee certified that the maximum PSUs were earned for the three-year performance period ended December 31, 2025.
Key Details
- Transaction date and price: 2026-03-17; price reported $0.00 (PSU award).
- Units granted: 72,965.113 PSUs (derivative award expected to convert to common shares).
- Vesting/settlement: PSUs are expected to vest and settle in shares on March 25, 2026; settlement will be reported in a subsequent Form 4.
- Holding restriction/tax: After applicable tax withholding, delivered shares must be held an additional two years, resulting in a total five-year combined vesting and holding period from the original grant date (PSU grant dated January 17, 2023).
- Shares owned after transaction: not specified in this filing.
- Filing timeliness: Reported on March 19, 2026 for a March 17, 2026 transaction — appears timely and not marked late.
Context
PSUs are performance-based, contingent rights to receive shares if pre-set goals are met; here the committee determined the maximum award was earned for the 2023–2025 performance period. This is a compensation/award event (derivative grant), not an open-market buy or sell — it reflects pay tied to firm performance rather than a direct insider purchase or sale signal. The ultimate dollar value will depend on JPMorgan Chase’s share price at settlement, which will be converted and reported when the PSUs settle.
Insider Transaction Report
- Award
Performance Share Units
[F1][F2][F3]2026-03-17+72,965.113→ 72,965.113 total→ Common Stock (72,965.113 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.