Form 4: JPMorgan Chase General Counsel Stacey Friedman Reports Transaction in Company Stock
SEC Form 4 Filing
Stacey Friedman, General Counsel of JPMorgan Chase, reports the disposition of 4,415 shares of common stock at a price of $200.6483 on May 20, 2024, along with other transactions related to Grantor Retained Annuity Trusts (GRATs).
Summary
- On May 20, 2024, Stacey Friedman, General Counsel of JPMorgan Chase, reported a transaction involving the disposition of 4,415 shares of JPMorgan Chase common stock at a price of $200.6483 per share.
- Following the reported transaction, Ms. Friedman directly owns 42,124 shares of common stock.
- She also indirectly owns 59,122 shares through a GRAT and 6,012 shares through a family trust.
- The filing also details transfers of shares related to Grantor Retained Annuity Trusts (GRATs) that occurred between April 29, 2024, and May 7, 2024, including transfers to the Grantor and to the Grantor's Family Trust.
- These GRAT transactions are exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16a-13.
Sentiment
Score: 5
Explanation: This is a neutral filing related to routine stock transactions and estate planning. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates activity related to estate planning and does not necessarily reflect a change in the executive's long-term outlook for the company.
Key Dates
| Date | Description |
|---|---|
| April 29, 2024 | Date of Power of Attorney execution and transfer of 7,800 shares from a GRAT to the Grantor and 6,012 shares from a GRAT to the Grantor's Family Trust. |
| May 6, 2024 | Transfer of 6,797 shares from a GRAT to the Grantor. |
| May 7, 2024 | Transfer of 45,175 shares from the Grantor to fund a GRAT. |
| May 20, 2024 | Date of reported transaction: disposition of 4,415 shares of common stock. |
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