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:  0000019617-21-000534
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JPMorgan awards Daniel Pinto 750,000 SARs tied to promotion to sole President and COO
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- Daniel Pinto receives 750,000 stock appreciation rights (SARs) for prospective retention and promotion.
- SARs vest no earlier than December 14, 2026, with 10-year term; net shares must be held until December 14, 2031.
- Exercise price equals average of high/low JPM common stock price on December 14, 2021.
- Award not part of regular annual compensation; subject to clawback and protection-based vesting provisions.
- CMDC cites Mr. Pinto's outstanding leadership and desire for continued service in his new role.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/19617/000001961721000534/0000019617-21-000534-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/19617/000001961721000534/jpm-20211214.htm
  HTML page:      https://secwatch.observer/filing/0000019617-21-000534

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