Rohrbaugh Troy L 4

What Happened

Troy L. Rohrbaugh, Co-CEO of the Corporate & Investment Bank at JPMorgan Chase & Co., was awarded 72,965.113 performance share units (PSUs) on March 17, 2026. The award is reported as an acquisition at $0.00 because PSUs are contingent, derivative awards (not an open-market purchase). The Compensation & Management Development Committee certified that the maximum PSUs were earned for the three-year performance period ended December 31, 2025.

Key Details

• Transaction date and price: 2026-03-17; price reported $0.00 (PSU award).
• Units granted: 72,965.113 PSUs (derivative award expected to convert to common shares).
• Vesting/settlement: PSUs are expected to vest and settle in shares on March 25, 2026; settlement will be reported in a subsequent Form 4.
• Holding restriction/tax: After applicable tax withholding, delivered shares must be held an additional two years, resulting in a total five-year combined vesting and holding period from the original grant date (PSU grant dated January 17, 2023).
• Shares owned after transaction: not specified in this filing.
• Filing timeliness: Reported on March 19, 2026 for a March 17, 2026 transaction — appears timely and not marked late.

Context

PSUs are performance-based, contingent rights to receive shares if pre-set goals are met; here the committee determined the maximum award was earned for the 2023–2025 performance period. This is a compensation/award event (derivative grant), not an open-market buy or sell — it reflects pay tied to firm performance rather than a direct insider purchase or sale signal. The ultimate dollar value will depend on JPMorgan Chase’s share price at settlement, which will be converted and reported when the PSUs settle.