Form 4: JPMorgan Chase Co-CEO Douglas Petno Reports Stock Transactions

Douglas Petno, Co-CEO of CIB at JPMorgan Chase & Co, reports the sale of 10,141 shares of common stock and transactions involving family trusts and GRATs.

Summary

• Douglas Petno, Co-CEO of CIB at JPMorgan Chase & Co, filed a Form 4 detailing changes in beneficial ownership.
• On May 15, 2025, Petno sold 10,141 shares of JPMorgan Chase & Co common stock at a price of $266.893 per share.
• Following the transaction, Petno directly owns 353,655 shares of common stock.
• Additionally, transactions occurred involving family trusts and Grantor Retained Annuity Trusts (GRATs), with 52,427 shares held by Family Trusts and 25,530 shares held by GRATs.
• 8,069 shares were transferred from a GRAT to the Grantor, and 16,889 shares were transferred from a GRAT to a Family Trust on May 12, 2025.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The stock sale by a high-ranking executive could be perceived negatively by some shareholders, although the amount is relatively small compared to the total outstanding shares.
• The transactions involving family trusts and GRATs are unlikely to have a significant impact on stakeholders.

Key Dates

Keywords

Form 4, JPMorgan Chase & Co, Douglas Petno, Beneficial Ownership, Stock Sale, Family Trusts, GRATs, JPM, Co-CEO CIB