Piepszak Jennifer 4
4 · JPMORGAN CHASE & CO · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
JPMorgan (JPM) COO Jennifer Piepszak Receives 57,514-Share Award
What Happened
Jennifer Piepszak, Chief Operating Officer of JPMorgan Chase & Co., was awarded 57,514.735 performance share units (PSUs) on 2026-03-17. The grant is reported as an award (derivative) at $0.00 per share because PSUs are contingent rights to receive shares upon meeting performance conditions. The Board’s Compensation & Management Development Committee certified that the maximum amount of the previously granted PSUs for the 2023–2025 performance period was earned.
Key Details
- Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (within normal reporting window).
- Award type/amount: 57,514.735 PSUs; reported price $0.00 (derivative award).
- Expected settlement: PSUs are expected to vest and be settled in shares on March 25, 2026; a later Form 4 will report the actual share delivery.
- Vesting/holding restrictions: Shares delivered after tax withholding must be held an additional two years, for a total five-year combined vesting/holding period measured from the original grant date (January 17, 2023).
- PSUs include earned amounts and reinvested dividend equivalents per committee certification.
- Shares owned after this reported transaction are not listed in this filing.
Context
PSUs are a form of long-term incentive compensation tied to firm performance; this award reflects payoff of a multi-year performance grant rather than an open-market buy or sale. Because these are earned awards (not purchases), they are typically considered routine compensation and not an immediate market sentiment signal. The settlement and final share delivery will be reported separately when the PSUs convert to actual shares.
Insider Transaction Report
- Award
Performance Share Units
[F1][F2][F3]2026-03-17+57,514.735→ 57,514.735 total→ Common Stock (57,514.735 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.