JPMorgan awards 750,000 SARs to Daniel Pinto upon promotion to sole President and COO

JPMORGAN CHASE & CO

Daniel Pinto awarded 750,000 stock appreciation rights (SARs) with exercise price equal to avg of JPM high/low on Dec 14, 2021.
SARs vest no earlier than Dec 14, 2026 (5 years), expire 10 years from grant date.
Net shares from exercise must be held until Dec 14, 2031; subject to clawback and recovery.
Award tied to Pinto's promotion to sole President & COO effective Jan 1, 2022; intended for retention.

item 5.02 item 9.01

Executive movements

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Role change

Daniel Pinto

President and Chief Operating Officer

JPM · JPMORGAN CHASE & CO

Effective: 2022-01-01
Filed: December 15, 2021, 6:59 PM ET

The CMDC made this special award for prospective purposes, with respect to Mr. Pinto’s promotion to the Firm’s sole President and Chief Operating Officer, which will become effective January 1, 2022, and as part of the Board’s retention planning.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel Pinto changed role as President and Chief Operating Officer at JPMORGAN CHASE & CO.

Action: promoted
Role: President and Chief Operating Officer

Exact text from the filing

The CMDC made this special award for prospective purposes, with respect to Mr. Pinto’s promotion to the Firm’s sole President and Chief Operating Officer, which will become effective January 1, 2022, and as part of the Board’s retention planning.

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Source: SEC EDGAR

accession 0000019617-21-000531

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