Piepszak Jennifer 4

4 · JPMORGAN CHASE & CO · Filed Mar 27, 2026

AI-generated summary of this filing

Updated Mar 27, 2026

JPMorgan (JPM) COO Jennifer Piepszak Receives PSU Shares; Withholds $8.68M

What Happened

Jennifer Piepszak, Chief Operating Officer of JPMorgan Chase & Co., had 57,514.735 Performance Share Units (PSUs) convert to common stock on March 25, 2026. Of those, 29,404.735 shares were surrendered/withheld to cover tax liabilities at $295.04 per share, netting $8,675,573. The remaining 28,110.000 shares were delivered to her and must be held under the award terms. The full settlement value of the converted PSUs is roughly $16.97 million (based on the $295.04 per-share amount used for the withholding).

Key Details

Transaction date reported: March 25, 2026; Form 4 filed March 27, 2026 (reporting period 03/25/2026).
Transactions shown:
- M (exercise/conversion of derivative): 57,514.735 PSUs converted to 57,514.735 shares @ $0.00 (settlement).
- F (payment of tax liability): 29,404.735 shares disposed @ $295.04 = $8,675,573 (withholding/sale to cover taxes).
Net shares delivered to Piepszak after withholding: 28,110.000 shares (subject to holding restrictions).
Holding requirement: Shares settled from this PSU award were granted Jan 17, 2023 (three-year performance period ended Dec 31, 2025) and must be held for an additional two years — a total five-year vesting+holding period from the grant date (per footnotes).
Shares owned after the transaction: not disclosed in this filing.
Filing timeliness: filed within the typical reporting window (no late‑filing flag reported).

Context

These were PSU awards (each PSU is a contingent right to one share upon meeting performance goals). This is a settlement of earned PSUs, not an open-market investment decision by the insider. The sale shown (29,404.735 shares) is a routine tax‑withholding action rather than a discretionary market sale. The remaining shares are subject to transfer restrictions for the specified two-year holding period.

Form 4

Period: 2026-03-25

Chief Operating Officer

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-03-25+57,514.735→ 128,541.735 total
Tax Payment
Common Stock
2026-03-25$295.04/sh−29,404.735$8,675,573→ 99,137 total
Exercise/Conversion
Performance Share Units
[F2][F3]
2026-03-25−57,514.735→ 0 total
→ Common Stock (57,514.735 underlying)

Footnotes (3)

[F1]These shares represent JPM common stock acquired on March 25, 2026 upon settlement of a Performance Share Unit (PSU) award granted on January 17, 2023 for the three-year performance period ended December 31, 2025 (as previously disclosed on a Form 4 filed on March 19, 2026), 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, as provided under the terms of the PSU award.
[F2]Each PSU represents a contingent right to receive one share of JPM common stock upon vesting based on the attainment of performance goals.
[F3]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, as provided under the terms of a PSU award granted on January 17, 2023, and as previously reported on a Form 4 filed on March 19, 2026. The PSUs settled in shares of common stock on March 25, 2026. 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.

Signature

/s/ Holly Youngwood under POA|2026-03-27

1 file