JPMORGAN CHASE & CO 4
4 · JPMORGAN CHASE & CO · Filed Jan 19, 2017
Insider Transaction Report
Form 4
Donnelly John L
Director Human Resources
Transactions
- Award
Restricted Stock Units
2017-01-17+20,475→ 20,475 totalExp: 2020-01-13→ Common Stock (20,475 underlying)
Footnotes (4)
- [F1]Restricted Stock Units (RSUs) represent 50% of the Reporting Person's equity-based compensation for performance year 2016, with the remaining 50% awarded in the form of Performance Share Units (PSUs), consistent with last year.
- [F2]Each restricted stock unit represents a contingent right to receive one share of JPMC common stock.
- [F3]Equity incentives are subject to the JPMorgan Chase Bonus Recoupment Policy which applies in the event of a material restatement of the Firm's financials. In addition, all equity awards granted in 2017 contain recapture provisions that enable the Firm to cancel an unvested or unexercisable award and/or recover the value of certain stock distributed under the award in specified circumstances. In addition to recapture provisions, portions of equity awards awarded to Operating Committee members are also subject to additional Protection-based Vesting provisions under which awards may be cancelled, any determination with respect to which is subject to ratification by the Compensation & Management Development Committee of the Board of Directors (Committee). In the case of an award to the CEO, all such determinations shall be made by the Committee.
- [F4]Restricted stock units vest 50% on January 13, 2019 and 50% on January 13, 2020.