Form 4: JPMorgan Chase Executive Mary E. Erdoes Reports Stock Transactions
SEC Form 4 Filing
Mary E. Erdoes, CEO of Asset & Wealth Management at JPMorgan Chase, reports the vesting and disposal of restricted stock units and subsequent ownership of common stock.
Summary
- On January 13, 2025, Mary E. Erdoes, CEO of Asset & Wealth Management at JPMorgan Chase & Co., reported transactions involving restricted stock units and common stock.
- She acquired 26,446 shares of common stock through the vesting of restricted stock units, and another 19,343 shares through the vesting of additional restricted stock units.
- Simultaneously, she disposed of 24,679 shares of common stock at a price of $241.77 per share.
- Following these transactions, Erdoes directly owns 604,908 shares of JPMorgan Chase common stock.
- The restricted stock units vest in installments, with some vesting on January 13, 2024 and 2025, and others on January 13, 2025 and 2026.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on the market.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 01/13/2024 | 50% vesting date for some restricted stock units |
| 01/13/2025 | Date of transactions: vesting of restricted stock units and disposal of shares; 50% vesting date for some restricted stock units |
| 01/13/2026 | 50% vesting date for some restricted stock units |
| 01/15/2025 | Date of signature on the Form 4 filing |
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