Form 4: JPMorgan Chase Executive Lori A. Beer Reports Stock Transactions
SEC Form 4
Lori A. Beer, Chief Information Officer of JPMorgan Chase, reports the acquisition and disposal of company stock related to performance share units.
Summary
- Lori A. Beer, Chief Information Officer of JPMorgan Chase & Co, filed a Form 4 on March 27, 2024, reporting transactions in JPMC common stock.
- On March 25, 2024, Beer acquired 23,707.3584 shares of common stock upon settlement of Performance Share Units (PSUs) at a price of $0.
- Also on March 25, 2024, Beer disposed of 3,920 shares at $195.3583 per share and 13,110.3584 shares at $195.65 per share.
- Following these transactions, Beer beneficially owns 51,673 shares of JPMC common stock directly.
- The PSUs were granted on January 19, 2021, for a three-year performance period ending December 31, 2023, and require an additional two-year holding period.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing simply reports stock transactions related to executive compensation. The acquisition of shares through PSU settlement is a positive sign, but the disposal of shares is a normal part of financial planning.
Positives
- The acquisition of shares through PSU settlement indicates that performance goals were met.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation plans and performance-based awards.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they are related to executive compensation and do not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 2021-01-19 | Date of grant for Performance Share Units (PSUs). |
| 2023-12-31 | End of the three-year performance period for the PSUs. |
| 2024-03-21 | Previous Form 4 filing date related to the PSU award. |
| 2024-03-25 | Date of stock transactions (acquisition and disposal). |
| 2024-03-27 | Date of Form 4 filing. |
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