Erdoes Mary E. 4
4 · JPMORGAN CHASE & CO · Filed Jun 26, 2026
Research Summary
AI-generated summary of this filing
JPMorgan (JPM) Mary Erdoes Receives RSU Award
What Happened
- Mary Erdoes, CEO of Asset & Wealth Management at JPMorgan Chase & Co. (JPM), received a grant of 60,214 Restricted Stock Units (RSUs) on June 24, 2026. The award is reported as a derivative grant (price listed $0.00 at grant)—no cash was exchanged at the time of grant.
- This is a Retention and Continuity Award that cliff-vests on June 24, 2029, is subject to a performance condition and continuous employment, and requires shares delivered (after tax withholding) to be held for an additional two years (total combined vesting + holding period of five years).
Key Details
- Transaction date: 2026-06-24; Form 4 filed: 2026-06-26 (timely — two business days).
- Grant: 60,214 RSUs; reported price $0.00 (derivative award, not an open-market purchase).
- Shares owned after transaction: not disclosed in this filing.
- Relevant footnotes:
- F1: Each RSU converts to one share of JPMC common stock upon vesting/delivery.
- F2: Awards are subject to the Firm’s Bonus Recoupment Policy and 2026 recapture provisions; Operating Committee awards have additional Protection-based Vesting and possible CEO cancellation (ratified by Compensation & Management Development Committee).
- F3: Award cliff-vests 6/24/2029; delivery followed by a two-year hold requirement; reported previously in an 8-K on 6/25/2026.
- Filing timeliness: Filed two days after the transaction (within the usual Section 16 reporting window).
Context
- RSUs are conditional grants (not immediate cash or shares). They generally indicate retention/incentive compensation rather than an immediate buy or sell signal; value is realized only if/when RSUs vest and convert to shares.
- Recoupment and protection provisions mean the award can be canceled or value recovered under specified circumstances (e.g., restatement or other contract conditions), and additional vesting protections apply for Operating Committee members.
Insider Transaction Report
Form 4
Erdoes Mary E.
CEO Asset & Wealth Management
Transactions
- Award
Restricted Stock Units
[F1][F2][F3]2026-06-24+60,214→ 60,214 totalExp: 2029-06-24→ Common Stock (60,214 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of JPMC common stock.
- [F2]Equity incentives are subject to the JPMorgan Chase Bonus Recoupment Policy which applies in the event of a material restatement of the Firm's financial results. In addition, all equity awards granted in 2026 contain recapture provisions that enable the Firm to cancel outstanding awards and/or recover the value of certain stock distributed under the award in specified circumstances. In addition to recapture provisions, equity awards granted to Operating Committee members are also subject to additional Protection-based Vesting provisions under which portions of awards may be cancelled by the CEO, any determination with respect to which is subject to ratification by the Compensation & Management Development Committee of the Board of Directors.
- [F3]The Retention and Continuity Award cliff-vests on June 24, 2029. Vesting is subject to achievement of a Performance Condition; continuous employment with the Firm, with certain limited exceptions; and the other terms and conditions as set forth in the award agreement. Shares delivered, after applicable tax withholding, must be held for an additional two-year period, resulting in a total combined vesting and holding period of five years from the date of grant. Shares are subject to the Firm's stock ownership guideline and retention requirements applicable to the Firm's Operating Committee members. The Firm also reported this Retention and Continuity Award in a Current Report on Form 8-K filed on June 25, 2026.
Signature
/s/ Denise G. Connors under POA|2026-06-26