Form 4: JPMorgan Chase Director Stephen B. Burke Acquires Shares Through Deferred Compensation

Director Stephen B. Burke acquired 234.6585 shares of JPMorgan Chase common stock on December 31, 2024, as part of a deferred compensation arrangement.

Summary

• Stephen B. Burke, a director at JPMorgan Chase, acquired 234.6585 shares of common stock on December 31, 2024.
• The acquisition was part of a deferred quarterly retainer, payable in common stock after his service as a director ends.
• The price per share was $239.71.
• Following the transaction, Mr. Burke directly owns 180,555.711 shares of common stock.
• He also indirectly owns 75,000 shares through a GRAT and 222 shares through a trust.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There is no indication of any negative sentiment.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The deferred compensation plan aligns the director's interests with those of the shareholders.

Industry Context

This is a routine filing related to director compensation and is common practice in the financial industry.

Comparison to Industry Standards

• Deferred compensation plans are a common practice for directors in large financial institutions like JPMorgan Chase.
• The use of stock grants as part of compensation aligns with industry standards to incentivize long-term performance and shareholder value.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.

Key Dates

Keywords

JPMorgan Chase, Director, Stephen B. Burke, Stock Acquisition, Deferred Compensation, Form 4, Beneficial Ownership