Form 4: JPMorgan Chase Director Timothy Flynn Acquires Shares Through Retainer Deferral
SEC Form 4 Filing
Director Timothy Flynn acquired JPMorgan Chase common stock through a deferral of his quarterly retainer, payable in shares upon termination of service.
Summary
- On March 29, 2024, Timothy Patrick Flynn, a director of JPMorgan Chase & Co., acquired 224.663 shares of common stock at a price of $200.3 per share.
- This acquisition was due to the deferral of his quarterly retainer, which will be paid in common stock following his termination of service as a director.
- Following the transaction, Flynn directly owns 60,358.6248 shares of JPMorgan Chase common stock.
- Flynn also indirectly owns 10,000 shares through his spouse's family trust.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares suggests confidence, but it's part of a pre-arranged compensation plan.
Positives
- The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future performance.
Future Outlook
The shares were acquired through a deferral of the director's quarterly retainer, payable in common stock following termination of service as director.
Industry Context
Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects. This transaction reflects a director's continued investment in the company.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Date of transaction: Timothy Flynn acquired 224.663 shares of JPMorgan Chase common stock. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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