Form 4: JPMorgan Chase General Counsel Stacey Friedman Reports Stock Transactions
SEC Form 4
Stacey Friedman, General Counsel of JPMorgan Chase, reports the disposition of common stock through sales and transfers related to Grantor Retained Annuity Trusts (GRATs) and a Family Trust.
Summary
- On May 20, 2025, Stacey Friedman, General Counsel of JPMorgan Chase & Co, reported transactions involving the company's common stock.
- She disposed of 6,608 shares at a price of $265.7133 per share and 2,821 shares at a price of $265.713 per share.
- These transactions resulted in her directly owning 36,520 shares and indirectly owning 68,757 shares through a GRAT and 13,604 shares through a Trust.
- The transactions included transfers from GRATs to the Grantor and a Family Trust, as well as transfers from the Grantor to fund a GRAT.
- These transactions are exempt from Section 16(b) pursuant to Rule 16a-13.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel within JPMorgan Chase.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The transactions reported are typical for executives managing their personal investment portfolios and estate planning through vehicles like GRATs.
- Comparable filings can be found for executives at other major financial institutions like Goldman Sachs, Morgan Stanley, and Bank of America.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent a small portion of the overall outstanding shares of JPMorgan Chase.
- The disclosure provides transparency to shareholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 05/05/2025 | 6,355 shares transferred from a Grantor Retained Annuity Trust (GRAT) to the Grantor. |
| 05/05/2025 | 7,592 shares transferred from a GRAT to a Family Trust. |
| 05/07/2025 | 16,233 shares transferred from a GRAT to the Grantor. |
| 05/14/2025 | 42,636 shares transferred from the Grantor to fund a GRAT. |
| 05/20/2025 | Date of earliest transaction reported on Form 4. |
| 05/20/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, JPMorgan Chase & Co, Stacey Friedman, General Counsel, Stock Transactions, Beneficial Ownership, GRAT, Trust, Section 16
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.