Form 4: Mellody Hobson Acquires JPMorgan Chase Stock Through Deferred Compensation

Director Mellody Hobson acquired JPMorgan Chase & Co. stock on September 30, 2024, as part of a deferred compensation arrangement.

Summary

• On September 30, 2024, Mellody Hobson, a director of JPMorgan Chase & Co., acquired 237.1242 shares of common stock at a price of $210.86 per share.
• This acquisition was due to the deferral of a quarterly retainer, payable in common stock following the termination of service as a director.
• Following the transaction, Hobson directly owns 26,124.0065 shares of JPMorgan Chase & Co. common stock.
• Hobson also indirectly owns 124,155 shares through The GWL Living Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction related to director compensation.

Positives

• The acquisition reflects Hobson's continued investment in JPMorgan Chase & Co.

Industry Context

Directors often receive stock as part of their compensation, aligning their interests with those of shareholders. This is a common practice in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine part of director compensation.

Key Dates