James Dimon - Mar 25, 2022 Form 4 Insider Report for JPMORGAN CHASE & CO (JPM)

Role
Chairman & CEO, Director
Signature
/s/ David K.F. Gillis under POA
Stock symbol
JPM
Transactions as of
Mar 25, 2022
Transactions value $
-$31,306,815
Form type
4
Date filed
3/29/2022, 04:17 PM
Previous filing
Mar 17, 2022
Next filing
Nov 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction JPM Common Stock +Options Exercise $0 +398,708 +40.34% $0.00 1,387,047 Mar 25, 2022 Direct F1, F2
transaction JPM Common Stock -Tax liability -$31,306,815 -220,486 -15.9% $141.99 1,166,561 Mar 25, 2022 Direct F3
holding JPM Common Stock 8,232 Mar 25, 2022 By 401(k)
holding JPM Common Stock 2,126,124 Mar 25, 2022 By Family Trusts F4
holding JPM Common Stock 4,348,004 Mar 25, 2022 By GRATs F5
holding JPM Common Stock 152,940 Mar 25, 2022 By LLC F6
holding JPM Common Stock 871,766 Mar 25, 2022 By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction JPM Performance Share Units -Options Exercise $0 -398,708 -100% $0.00 0 Mar 25, 2022 Common Stock 398,708 Direct F2, F7

Explanation of Responses:

Id Content
F1 These shares represent JPMC common stock acquired on March 25, 2022 upon settlement of a Performance Share Unit (PSU) award granted on January 15, 2019 for the three-year performance period ended December 31, 2021 (as previously disclosed on a Form 4 filed on March 17, 2022), 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.
F2 Each PSU represents a contingent right to receive one share of JPMC common stock upon vesting based on the attainment of performance goals.
F3 Balance reflects a) 310,028 shares transferred from a Grantor Retained Annuity Trust (GRAT) to the Grantor on January 18, 2022; b) 141,528 shares transferred from a GRAT to the Grantor on January 18, 2022. These transfers are exempt from Section 16 pursuant to Rule 16a-13.
F4 Balance reflects 29,034 shares transferred from a Grantor Retained Annuity Trust to the Grantor's Family Trusts on January 19, 2022. This transfer is exempt from Section 16 pursuant to Rule 16a-13.
F5 Balance reflects a) 310,028 shares transferred from a Grantor Retained Annuity Trust (GRAT) to the Grantor on January 18, 2022; b) 141,528 shares transferred from a GRAT to the Grantor on January 18, 2022; c) 29,034 shares transferred from GRAT to the Grantor's Family Trust on January 19, 2022. These transfers are exempt from Section 16 pursuant to Rule 16a-13.
F6 Reporting person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest.
F7 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, 2021, as provided under the terms of a PSU award granted on January 15, 2019, and as previously reported on a Form 4 filed on March 17, 2022. The PSUs settled in shares of common stock on March 25, 2022. 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.