Form 4: JPMorgan Chase Director Stephen B. Burke Acquires Shares Through Deferred Compensation
SEC Form 4 Filing
Director Stephen B. Burke acquired JPMorgan Chase common stock through a deferral of quarterly retainer payable in common stock.
Summary
- Stephen B. Burke, a director of JPMorgan Chase & Co., reported a transaction on March 31, 2025, involving the acquisition of common stock.
- The acquisition was due to a deferral of quarterly retainer, payable in common stock following termination of service as director.
- He acquired 229.311 shares of common stock at a price of $245.3 per share.
- Following the transaction, Burke directly owns 182,789.3639 shares of JPMorgan Chase common stock and indirectly owns 75,000 shares through a GRAT.
- A previous transfer of 222 shares from a Trust to Burke on February 10, 2025, was exempt from Section 16 reporting requirements.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction related to director compensation. It's neutral in sentiment, indicating standard corporate governance practices.
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
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company.
Comparison to Industry Standards
- Director share ownership is common across large financial institutions like JPMorgan Chase.
- Comparing Burke's holdings and transactions to those of directors at peers like Goldman Sachs (GS) or Morgan Stanley (MS) could provide context on the scale of his investment.
- Deferred compensation plans are a typical component of executive and director compensation packages in the financial industry.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it signals director confidence.
- The transaction has no impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | 222 shares transferred from a Trust to the reporting person. |
| 03/31/2025 | Date of transaction: Acquisition of common stock due to deferral of quarterly retainer. |
| 04/02/2025 | Date of signature on the Form 4 filing. |
Keywords
JPMorgan Chase, Director, Stephen B. Burke, Common Stock, Acquisition, Form 4, Deferred Compensation, Grat
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