Lake Marianne 4

What Happened
Lake Marianne, CEO of Consumer & Community Banking (CCB) at JPMorgan Chase & Co., was granted 57,514.735 performance share units (PSUs) on March 17, 2026. The reported transaction shows an acquisition of these derivative awards at $0.00 (total reported value $0) because PSUs are contingent rights to receive shares upon vesting. The Board’s Compensation & Management Development Committee certified firm performance for the three‑year performance period ended Dec 31, 2025 and determined the maximum number of previously granted PSUs were earned.

Key Details

• Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (appears timely; Form 4 is due within two business days).
• Award: 57,514.735 PSUs, reported at $0.00 (derivative award, not an open-market purchase).
• Expected settlement: PSUs are expected to vest and be settled in shares of common stock on March 25, 2026; settlement and any resulting share ownership will be reported in a later Form 4.
• Footnote highlights: PSUs represent contingent rights to one share upon vesting (F1); these PSUs were earned for the 3‑year performance period and certified at the maximum level (F2); after shares are delivered (net of tax withholding), they must be held for an additional two years for a total five-year combined vesting/holding period from the original grant date (Jan 17, 2023) (F3).
• Shares owned after this transaction: not specified in the provided filing summary.

Context
PSUs are a form of long‑term compensation tied to multi‑year performance goals; they are not immediate purchases or sales of stock and therefore do not directly signal a buy or sell decision by the insider. The award will convert to actual shares only if/when vested and settled (expected Mar 25, 2026), at which point tax withholding and a required holding period will apply as noted above. A subsequent Form 4 will report the actual share settlement and any changes in beneficial ownership.