Form 4: JPMorgan Chase Director Stephen Burke Reports Changes in Beneficial Ownership

Director Stephen Burke reports acquisition of JPMorgan Chase common stock through deferred retainer and a gift, alongside existing holdings.

Summary

• Stephen Burke, a director at JPMorgan Chase & Co., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On March 29, 2024, Burke acquired 305.7913 shares of common stock at a price of $200.3 per share due to a deferral of his quarterly retainer, payable in common stock following termination of service as director.
• On March 1, 2019, Burke received 222 shares as a gift.
• Following these transactions, Burke directly owns 177,214.2832 shares of common stock and indirectly owns 75,222 shares through a trust and a GRAT.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard regulatory filing. The director's increased stake could be mildly positive, but it's not a major event.

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 routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in ownership and potential alignment of interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the director's stake in the company.

Key Dates