Form 4: JPMorgan Chase Chief Risk Officer Settles Performance Share Units

Ashley Bacon, Chief Risk Officer of JPMorgan Chase, settled Performance Share Units (PSUs) for common stock on March 25, 2025, according to a Form 4 filing.

Summary

• Ashley Bacon, Chief Risk Officer of JPMorgan Chase & Co., settled Performance Share Units (PSUs) on March 25, 2025.
• The PSUs were granted on January 18, 2022, for a three-year performance period ending December 31, 2024.
• The settlement resulted in the acquisition of 42,190.8691 shares of JPM common stock.
• 21,384.8691 shares were disposed of to cover tax obligations at a price of $249.7224 per share.
• Following the transactions, Bacon directly owns 240,194 shares of JPM common stock.
• The shares acquired from the PSU settlement must be held for an additional two-year period, totaling a five-year vesting and holding period from the grant date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The settlement of PSUs suggests the company met its performance goals. The insider's continued holding of a significant number of shares is also a positive sign.

Positives

• The settlement of PSUs indicates that performance goals were met for the three-year period ending December 31, 2024.
• Bacon's continued direct ownership of 240,194 shares demonstrates a continued investment in the company.

Future Outlook

The acquired shares from the PSU settlement must be held for an additional two-year period, totaling a five-year vesting and holding period from the grant date.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Performance-based equity compensation, such as PSUs, is a common practice among large financial institutions like JPMorgan Chase to align executive compensation with company performance.
• The vesting and holding periods associated with the PSUs are typical for executive compensation plans in the financial industry, designed to incentivize long-term value creation.

Stakeholder Impact

• The settlement of PSUs reflects the company's performance and can influence investor confidence.
• The tax obligations resulting from the settlement impact government revenue.

Key Dates

Keywords

Form 4, JPMorgan Chase, JPM, Ashley Bacon, Chief Risk Officer, Performance Share Units, PSU, Beneficial Ownership, Settlement, Common Stock