Form 4: JPMorgan Chase Director Phebe Novakovic Acquires Shares Through Retainer Deferral

Director Phebe Novakovic acquired JPMorgan Chase & Co. common stock through a deferral of her quarterly retainer, payable in shares upon termination of service.

Summary

• On June 30, 2024, Phebe N. Novakovic, a director of JPMorgan Chase & Co., acquired common stock of the company.
• The acquisition was due to a deferral of her quarterly retainer, which is payable in common stock following her termination of service as a director.
• Novakovic acquired 185.4049 shares at a price of $202.26 per share.
• Following the transaction, Novakovic beneficially owns 10,079.5699 shares of JPMorgan Chase & Co. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a director increasing their stake in the company, which can be seen as a sign of confidence. However, it's a routine transaction related to compensation.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of a director's stock ownership change, which is common in publicly traded companies. It reflects part of the director's compensation and aligns her interests with those of the shareholders.

Related Party Transactions

• The deferral of the quarterly retainer, payable in common stock, is a related party transaction as it involves compensation to a director.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It signals continued alignment of the director's interests with those of the shareholders.

Key Dates