Form 4: JPMorgan HR Head Transfers Shares from GRATs

JPMorgan Chase & Co.'s Head of Human Resources, Robin Leopold, reported the transfer of shares from Grantor Retained Annuity Trusts, increasing direct beneficial ownership.

Summary

• Robin Leopold, Head of Human Resources at JPMorgan Chase & Co. (JPM), reported changes in beneficial ownership of common stock.
• On February 3, 2026, Leopold directly acquired 132 shares of common stock through a 'G' transaction code (Gift/Grant/Award/Other Acquisition or Disposition) at a price of $0.0000 per share.
• Concurrently, 132 shares of common stock were disposed of indirectly from a Spouse's Grantor Retained Annuity Trust (GRAT) through a 'G' transaction code at a price of $0.0000 per share.
• These transactions involved the transfer of 132 shares from the Spouse's Grantor Retained Annuity Trust to Leopold, and another 132 shares from a separate Grantor Retained Annuity Trust to Leopold.
• Following these transactions, Leopold's direct beneficial ownership of JPM common stock is 65,785 shares.
• Indirect beneficial ownership includes 9,201 shares held by the Spouse's Grantor Retained Annuity Trust and 9,201 shares held by another Grantor Retained Annuity Trust.
• All reported transfers are exempt from Section 16 reporting requirements pursuant to Rule 16a-13.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. Transfers from Grantor Retained Annuity Trusts are typically for estate planning purposes and do not indicate a change in the insider's view of the company's prospects.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that Form 4 filings detailing transfers from Grantor Retained Annuity Trusts (GRATs) are common estate planning tools for executives and typically do not reflect a change in investment sentiment or operational performance, unlike open market purchases or sales.

Related Party Transactions

• Transfer of 132 shares from Spouse's Grantor Retained Annuity Trust to Robin Leopold.
• Transfer of 132 shares from Grantor Retained Annuity Trust to Robin Leopold.

Stakeholder Impact

• Minimal direct impact on shareholders as these are internal estate planning transfers and not open market transactions.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

JPMorgan Chase, JPM, Robin Leopold, Form 4, Insider Transaction, Beneficial Ownership, Grantor Retained Annuity Trust, GRAT, Common Stock