March 25, 2024 · Form 4 insider transaction
Pinto Daniel E bought 20,511.004 shares of JPMorgan Chase & Co. at $0.00 per share, a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 2 days after the transaction.
These shares represent JPMC common stock including reinvested dividend equivalents acquired on Mar. 25, 2024 upon settlement of a PSU award granted on Jan. 17, 2017 for the 3-year performance period ended Dec. 31, 2019 (as previously disclosed on a Form 4 filed on Mar. 19, 2020). Mr. Pinto's PSUs are expected to vest in 5 equal installments and settle in shares of common stock on Mar. 25, 2020, 2021, 2022, 2023 & 2024. The 1st, 2nd, 3rd & 4th installments settled in shares of common stock on March 25, 2020, 2021, 2022, and 2023, respectively. Shares, after applicable tax withholding, must be held for an additional holding period following the vesting of each installment as provided under the terms of the PSU award granted on Jan. 17, 2017: (i) a 2-year holding period for the installment vested on Mar. 25, 2020; (ii) a 12-month holding period for the installment vested on Mar. 25, 2021; and (iii) a 6-month holding period for installments vesting on March 25, 2022, 2023, & 2024.; Each PSU represents a contingent right to receive one share of JPMC common stock upon vesting based on the attainment of performance goals.