Scher Peter 4
4 · JPMORGAN CHASE & CO · Filed Mar 28, 2023
Insider Transaction Report
Form 4
Scher Peter
Executive Vice President
Transactions
- Exercise/Conversion
Common Stock
2023-03-25+19,374.259→ 55,743.259 total - Exercise/Conversion
Performance Share Units
2023-03-25−19,374.259→ 0 total→ Common Stock (19,374.259 underlying) - Tax Payment
Common Stock
2023-03-25$124.39/sh−9,447.259$1,175,192→ 46,296 total
Footnotes (3)
- [F1]These shares represent JPMC common stock acquired on March 25, 2023 upon settlement of a Performance Share Unit (PSU) award granted on January 21, 2020 for the three-year performance period ended December 31, 2022 (as previously disclosed on a Form 4 filed on March 23, 2023), 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]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, 2022, as provided under the terms of a PSU award granted on January 21, 2020, and as previously reported on a Form 4 filed on March 23, 2023. The PSUs settled in shares of common stock on March 25, 2023. 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.