Erdoes Mary E. 4

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

AI-generated summary of this filing

Updated Mar 27, 2026

JPMorgan (JPM) Mary Erdoes Exercises PSUs, Sells Shares

What Happened

Mary E. Erdoes, CEO of Asset & Wealth Management at JPMorgan Chase & Co., had Performance Share Units (PSUs) settle on March 25, 2026, converting into 84,983.501 shares of JPM common stock (exercise/conversion of derivative, code M).
To satisfy tax withholding, 46,996.501 of those shares were disposed at $295.04 per share, generating $13,865,848 (transaction code F). The net shares retained from the settlement equal 37,987.000 shares.
This was not an open-market sale for cash gain; the disposition was to cover tax liabilities associated with the PSU settlement.

Key Details

Transaction date: March 25, 2026; Form 4 filed March 27, 2026 (appears timely).
Conversion: 84,983.501 PSUs → 84,983.501 shares at $0.00 (PSU settlement).
Tax withholding: 46,996.501 shares sold at $295.04 = $13,865,848.
Net shares retained from the settlement: 37,987.000 shares.
Footnotes: PSUs were granted Jan 17, 2023 for the 3-year performance period ending Dec 31, 2025; the earned PSUs (including dividend equivalents) settled in shares and are subject to an additional two‑year holding requirement (total 5 years from grant).
Filing timeliness: No late filing flag in the report.

Context

These entries reflect PSU settlement (an award converting to stock) and share withholding to pay taxes — common and administrative, not necessarily a judgement on the company's outlook.
The $0.00 exercise price indicates conversion of performance awards (not purchase of options), and the share disposal was a tax-related withholding rather than an investment-motivated sale.
Investors should note the retained shares remain subject to the award’s holding restrictions (two more years).

Form 4

Period: 2026-03-25

CEO Asset & Wealth Management

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-03-25+84,983.501→ 698,388.501 total
Tax Payment
Common Stock
2026-03-25$295.04/sh−46,996.501$13,865,848→ 651,392 total
Exercise/Conversion
Performance Share Units
[F2][F3]
2026-03-25−84,983.501→ 0 total
→ Common Stock (84,983.501 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