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

Director Phebe Novakovic acquired JPMorgan Chase common stock through a deferral of her quarterly retainer, payable in shares following her service as a director.

Summary

• On March 31, 2025, Phebe Novakovic, a director of JPMorgan Chase & Co., acquired 152.874 shares of common stock.
• The acquisition was a result of deferring her quarterly retainer, which will be paid in common stock after she terminates her service as a director.
• The price of the stock at the time of the transaction was $245.3 per share.
• Following the transaction, Novakovic directly owns 11,742.5419 shares of JPMorgan Chase common stock.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (stock acquisition through retainer deferral) by a company director, suggesting a neutral sentiment.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

Directors commonly receive compensation in the form of stock, aligning their interests with those of shareholders. Deferring retainers into stock until after service is complete is not uncommon.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates

Keywords

JPMorgan Chase, Director, Stock Acquisition, Form 4, Retainer Deferral, Beneficial Ownership, Novakovic, JPM