Barnum Jeremy 4

4 · JPMORGAN CHASE & CO · Filed Mar 27, 2026

AI-generated summary of this filing

Updated Mar 27, 2026

JPMorgan CFO Jeremy Barnum Receives PSU Shares; $6.3M Tax Withholding

What Happened

Jeremy Barnum, CFO of JPMorgan Chase & Co., had 38,629.156 performance share units (PSUs) settle into common stock on March 25, 2026.
To cover tax withholding, 21,362.156 of those shares were surrendered at a withholding price of $295.04/share, generating $6,302,690 in tax withholding. The net shares delivered to Barnum were 17,267.000.
This was not an open‑market sale — it’s the settlement of a PSU award and share surrender to meet tax obligations.

Key Details

Transaction date: March 25, 2026; Form 4 filed March 27, 2026 (timely filing).
PSUs settled into 38,629.156 shares (reported as derivative exercise/conversion).
21,362.156 shares withheld for taxes at $295.04/share = $6,302,690.
Net shares received: 17,267.000.
Shares must be held for an additional two years per award terms (total five years from the Jan 17, 2023 grant date).
Footnotes: each PSU equals one contingent share; PSUs were earned for the 3‑year performance period ended Dec 31, 2025.
Shares owned after the transaction: not specified in this filing.

Context

These transactions reflect PSU vesting and the company’s share‑withholding to satisfy taxes (transaction code F), not a market sale (code S).
The withheld shares are routine tax withholding; the remaining shares are subject to an additional holding restriction (five years from the grant date), so this is not an immediate liquidity move by the insider.

Form 4

Period: 2026-03-25

Chief Financial Officer

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-03-25+38,629.156→ 62,433.156 total
Tax Payment
Common Stock
2026-03-25$295.04/sh−21,362.156$6,302,690→ 41,071 total
Exercise/Conversion
Performance Share Units
[F2][F3]
2026-03-25−38,629.156→ 0 total
→ Common Stock (38,629.156 underlying)

Footnotes (3)

[F1]These shares represent JPM common stock acquired on March 25, 2026 upon settlement of a Performance Share Unit (PSU) award granted on January 17, 2023 for the three-year performance period ended December 31, 2025 (as previously disclosed on a Form 4 filed on March 19, 2026), 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, as provided under the terms of the PSU award.
[F2]Each PSU represents a contingent right to receive one share of JPM 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, 2025, as provided under the terms of a PSU award granted on January 17, 2023, and as previously reported on a Form 4 filed on March 19, 2026. The PSUs settled in shares of common stock on March 25, 2026. 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.

Signature

/s/ Holly Youngwood under POA|2026-03-27

1 file