Erdoes Mary E. 4

What Happened

• Mary E. Erdoes, Head of Asset & Wealth Management at JPMorgan Chase & Co., was granted 29,364 restricted stock units (RSUs) on Jan 20, 2026. The Form 4 reports the award as a derivative acquisition (transaction code A) at $0.00 per share—this reflects a grant of contingent RSUs rather than a cash purchase.

Key Details

• Transaction date: 2026-01-20 (Form 4 filed 2026-01-22; appears timely).
• Transaction type/code: Grant/Award (A) — derivative RSUs.
• Units granted: 29,364 RSUs; reported acquisition price: $0.00 (no cash paid).
• Vesting: 50% on Jan 13, 2028 and 50% on Jan 13, 2029 (F4).
• Compensation context: These RSUs represent 50% of Erdoes’ equity-based incentive for performance year 2025; the other 50% was awarded as Performance Share Units (PSUs) (F1). Each RSU is a contingent right to one share (F2).
• Forfeiture/recoupment: Awards are subject to JPMorgan’s Bonus Recoupment Policy and 2026 recapture/protection-based vesting provisions that may cancel or recover awards in specified circumstances (F3).
• Shares owned after transaction: Not disclosed in the Form 4.

Context

• RSUs are compensation grants that convert to actual shares only if vesting conditions are met; they do not represent an immediate market purchase or sale. Such awards are common executive compensation and do not, by themselves, indicate buying or selling sentiment. The award is subject to vesting and recapture rules, so it may be forfeitable under certain conditions.