Lake Marianne 4

What Happened

• Marianne Lake, CEO of Consumer & Community Banking (CEO CCB) at JPMorgan Chase & Co., received an award of 21,534 restricted stock units (RSUs) on January 20, 2026. The grant is reported as an acquisition (derivative) at $0.00 per share because RSUs are contingent rights to receive shares in the future, not an immediate cash purchase.

Key Details

• Transaction date and type: 2026-01-20 — Grant/Award (derivative) of 21,534 RSUs at $0.00.
• Vesting: RSUs vest 50% on January 13, 2028 and 50% on January 13, 2029.
• What an RSU means: Each RSU represents a contingent right to receive one share of JPMC common stock when vested.
• Compensation context: These RSUs represent 50% of Ms. Lake’s equity-based incentive compensation for performance year 2025; the other 50% was awarded as Performance Share Units (PSUs).
• Protections/recoupment: Awards are subject to JPMorgan’s Bonus Recoupment Policy and 2026 grants include recapture provisions; Operating Committee members’ awards may also be subject to Protection-Based Vesting and Committee ratification.
• Shares owned after transaction: Not specified in the provided filing.
• Timeliness: Filing was submitted on 2026-01-22 for a 2026-01-20 grant (no late filing indicated).

Context

• This was a compensation grant (routine award), not a market purchase or sale, so it does not represent an immediate bullish or bearish trading signal. The RSUs convert to shares only if and when they vest per the schedule and subject to recapture/vesting conditions.