BACON ASHLEY 4

Accession 0001225208-26-000727

CIK 0000019617other

Filed

Jan 21, 7:00 PM ET

Accepted

Jan 22, 4:20 PM ET

Size

6.5 KB

Accession

0001225208-26-000727

AI-generated summary of this filing

Updated Jan 22, 2026

JPMorgan Chase (JPM) Chief Risk Officer Ashley Bacon Receives Award

What Happened

Ashley Bacon, Chief Risk Officer at JPMorgan Chase & Co., received an award of 18,108 restricted stock units (RSUs) on January 20, 2026. The RSUs were granted at $0.00 (no cash paid) and are derivative awards representing a contingent right to receive shares upon vesting. This is an equity award (grant), not an open-market purchase or sale.

Key Details

Transaction date: 2026-01-20; filing date: 2026-01-22.
Award type/code: A (Grant/Award — RSUs); reported amount: 18,108 RSUs; reported acquisition price: $0.00.
Shares owned after transaction: not specified in the Form 4 filing.
Notable footnotes:
- F1: These RSUs are 50% of Bacon’s equity-based incentive for performance year 2025 (the other 50% are PSUs).
- F2: Each RSU equals a contingent right to one share of JPMC common stock.
- F3: Awards are subject to the Firm’s Bonus Recoupment Policy and other recapture/protection-based vesting provisions.
- F4: Vesting schedule — 50% on Jan 13, 2028 and 50% on Jan 13, 2029.
Timeliness: Filed within the typical Form 4 window (transaction 1/20/2026; Form 4 filed 1/22/2026).

Context

RSUs are deferred equity compensation: they have no immediate cash value until they vest and convert into shares. They are routinely used for senior executive pay and do not, by themselves, indicate a buy or sell signal. Recoupment and protection provisions mean the awards can be canceled or clawed back under certain circumstances.

Form 4

Period: 2026-01-20

Chief Risk Officer

Transactions

Award
Restricted Stock Units
[F1][F2][F3][F4]
2026-01-20+18,108→ 18,108 total
Exp: 2029-01-13→ Common Stock (18,108 underlying)

Footnotes (4)

[F1]Consistent with last year, Restricted Stock Units (RSUs) represent 50% of the Reporting Person's equity-based incentive compensation for performance year 2025, with the remaining 50% awarded in the form of Performance Share Units (PSUs).
[F2]Each RSU 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 financial statements. In addition, all equity awards granted in 2026 contain recapture provisions that enable the Firm to cancel outstanding awards and/or recover the value of certain stock distributed under the award in specified circumstances. In addition to recapture provisions, portions of equity awards granted 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.
[F4]RSUs vest 50% on January 13, 2028 and 50% on January 13, 2029.

Signature

/s/ Holly Youngwood under POA|2026-01-22

1 file

JPMORGAN CHASE & CO

CIK 0000019617

Entity typeother