secwatch.observer — SEC 8-K summary
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Issuer:     JPMORGAN CHASE & CO (JPM)
CIK:        0000019617
Form:       8-K
Filed at:   2021-12-15T23:59:59+00:00
Accession:  0000019617-21-000531
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/19617/000001961721000531/0000019617-21-000531-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/19617/000001961721000531/jpm-20211214.htm
  HTML page:      https://secwatch.observer/filing/0000019617-21-000531

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer