Form 4: James Dimon Settles Performance Share Units, Holdings Adjusted

James Dimon, Chairman & CEO of JPMorgan Chase & Co, settled Performance Share Units (PSUs) for common stock on March 25, 2024, and reported adjustments to his beneficial ownership.

Summary

• On March 25, 2024, James Dimon settled Performance Share Units (PSUs) receiving 292,666.8592 shares of JPMC common stock.
• These PSUs were granted on January 19, 2021, for a three-year performance period ending December 31, 2023.
• Following the transaction, Dimon directly owns 604,527.8592 shares of common stock.
• He also indirectly owns shares through a 401(k) (8,696.8943 shares), Family Trusts (3,708,082 shares), GRATs (2,932,607 shares), an LLC (152,940 shares), and his spouse (595,316 shares).
• A transfer of 1,026,788 shares from a GRAT to the Grantor's Family Trusts occurred on Feb 12, 2024.
• The delivered shares must be held for an additional two-year period, resulting in a total combined vesting and holding period of five years from the grant date.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to executive compensation and doesn't inherently indicate positive or negative performance.

Positives

• Settlement of PSUs indicates that JPMorgan Chase & Co. met its performance goals for the three-year period ending December 31, 2023.

Future Outlook

The shares delivered from the PSU settlement are subject to an additional two-year holding period, resulting in a total combined vesting and holding period of five years from the grant date.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as the CEO, ensuring fair market practices.

Stakeholder Impact

• The settlement of PSUs could have a minor positive impact on shareholder sentiment as it indicates the company achieved its performance goals.

Key Dates