DIMON JAMES 4

What Happened

• Jamie Dimon, Chairman & CEO of JPMorgan Chase & Co., had 320,473.213 performance share units (PSUs) convert to common stock on March 25, 2026.
• Of those, 177,222.213 shares were surrendered/withheld at $295.04 per share to cover tax liabilities, generating $52,287,642 in proceeds. The net shares delivered to Dimon were 143,251.000 shares (320,473.213 acquired minus 177,222.213 withheld). This was not an open-market sale for investment purposes but a tax-withholding event following PSU settlement.

Key Details

• Transaction dates/prices: PSUs settled on 2026-03-25; tax-withheld shares disposed at $295.04 per share (total ~$52.29M).
• Codes: M = exercise/conversion of derivative (PSU settlement); F = payment of exercise price/tax liability (shares withheld).
• Shares after transaction: Filing does not state a total "owned after" number; the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest (see footnote). Net shares delivered from this settlement: 143,251.000.
• Footnotes: PSUs were granted 1/17/2023 for the three‑year performance period ending 12/31/2025 and settled 3/25/2026. Shares delivered after withholding must be held for an additional two years (total 5-year combined vesting + holding period). PSUs include reinvested dividend equivalents and represent contingent rights to receive one share per PSU upon vesting.
• Filing timeliness: Report filed 2026-03-27 for the 2026-03-25 transaction; filing appears timely.

Context

• This was a PSU settlement with tax withholding, not an intent-to-sell investment move. For derivative/PSU transactions, it’s common for companies to withhold shares to satisfy tax obligations. The remaining shares are subject to the award’s holding requirement.