Form 4: James Dimon Reports Changes in Beneficial Ownership of JPMorgan Chase & Co. Shares
SEC Form 4 Filing
James Dimon, Chairman & CEO of JPMorgan Chase & Co., filed a Form 4 disclosing changes in his beneficial ownership of the company's stock due to a gift to a non-profit and transfers from Grantor Retained Annuity Trusts (GRATs).
Summary
- James Dimon, Chairman & CEO of JPMorgan Chase & Co., reported changes in his beneficial ownership of JPMorgan Chase & Co. shares on January 31, 2025.
- The filing indicates a gift of 185,936 shares of common stock to a non-profit organization.
- The report also reflects transfers of shares from Grantor Retained Annuity Trusts (GRATs) to Dimon and his Family Trust during May 2024.
- Following the reported transactions, Dimon directly owns 1,322,150 shares of common stock.
- Dimon also indirectly owns shares through his spouse (273,035), 401(k) (8,808.5588), Family Trusts (4,047,666), GRATs (1,535,334), and an LLC (152,940).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document is a standard regulatory filing reporting changes in beneficial ownership. There is no inherent positive or negative implication.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates changes in James Dimon's holdings, which may be of interest to investors.
Stakeholder Impact
- The change in ownership may have a minor impact on shareholders, as it reflects insider transactions.
- The gift to a non-profit organization could be viewed positively from a corporate social responsibility perspective.
Key Dates
| Date | Description |
|---|---|
| May 13, 2024 | 280,596 shares transferred from a Grantor Retained Annuity Trust (GRAT) to the Grantor. |
| May 13, 2024 | 261,236 shares transferred from a GRAT to the Grantor. |
| May 14, 2024 | 515,857 shares transferred from a GRAT to the Grantor. |
| May 14, 2024 | 339,584 shares transferred from a GRAT to the Grantor's Family Trust. |
| January 31, 2025 | Date of the transaction: gift of 185,936 shares to a non-profit organization. |
| February 03, 2025 | Date of signature on the Form 4 filing. |
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