Director Phebe Novakovic (JPM: JPM) receives stock retainer award at $294.16

Rhea-AI Filing Summary

JPMorgan Chase & Co. director Phebe N. Novakovic increased her holdings through a routine equity award. On March 31, 2026, she acquired 135.9804 shares of common stock at $294.16 per share as a deferral of her quarterly director retainer, payable in stock after she leaves the board.

Following this grant, she directly holds 13,394.8914 common shares. The filing also notes an additional 45 shares held indirectly by her spouse, reflecting a small indirect ownership position alongside her direct stake.

Insights

Equity compensation and governance analyst

Routine director fee deferral into stock; modest, compensation-driven increase in holdings.

This Form 4 shows Phebe N. Novakovic, a director of JPMorgan Chase & Co., receiving 135.9804 common shares at $294.16 per share. The footnote clarifies this is a deferral of her quarterly retainer, payable in stock after her board service ends.

Because the transaction is coded as a grant/award rather than an open-market purchase or sale, it reflects routine equity-based director compensation rather than an active trading decision. After the grant, she directly owns 13,394.8914 shares, plus 45 shares held indirectly by her spouse, indicating a continuing aligned equity stake.

The absence of derivative positions in the derivative summary suggests no options or similar instruments are reported in this filing. Overall, the event is administrative and neutral for investors, documenting standard board compensation mechanics rather than signaling a change in outlook or strategy.

Insider Trade Summary

Net Buyer: 135.9804 shares

Net Buy 2 txns

Insider NOVAKOVIC PHEBE N

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	135.9804	$294.16	$40K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 13,394.8914 shares (Direct); Common Stock — 45 shares (Indirect, By Spouse)

Footnotes (1)

1. F1. Deferral of quarterly retainer, payable in common stock following termination of service as director.

Key Figures

Shares granted: 135.9804 shares Grant price: $294.16 per share Direct holdings after grant: 13,394.8914 shares +1 more

4 metrics

Shares granted 135.9804 shares Director equity award on March 31, 2026

Grant price $294.16 per share Value used for deferred quarterly retainer in stock

Direct holdings after grant 13,394.8914 shares JPM common stock directly owned by Novakovic post-transaction

Indirect holdings 45 shares JPM common stock held indirectly by spouse

Key Terms

Deferral of quarterly retainer, Common Stock, indirect ownership, Grant, award, or other acquisition

4 terms

Deferral of quarterly retainer financial

"Deferral of quarterly retainer, payable in common stock following termination"

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

indirect ownership financial

"direct_or_indirect": "I", "nature_of_ownership": "By Spouse""

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

FAQ

What insider transaction did JPM (JPMorgan Chase & Co.) disclose for Phebe N. Novakovic?

JPM reported that director Phebe N. Novakovic received 135.9804 shares of common stock. The shares were awarded at $294.16 each as a deferred quarterly retainer, increasing her direct equity stake rather than reflecting an open-market trade or discretionary purchase.

Was the JPM Form 4 transaction a stock purchase or a compensation award?

The Form 4 shows a compensation-related award, not an open-market purchase. The A code and footnote indicate it is a deferral of Novakovic’s quarterly director retainer, payable in JPMorgan Chase & Co. common stock following termination of her board service.

How many JPM shares does Phebe N. Novakovic own after this Form 4 transaction?

After the transaction, Novakovic directly owns 13,394.8914 JPM common shares. The filing also reports 45 additional shares held indirectly by her spouse, providing a combined picture of her direct and small indirect ownership positions in the company.

What price was used for the JPM stock award to director Phebe N. Novakovic?

The granted shares were valued at $294.16 per share. This price applies to the 135.9804 JPM common shares received as a deferred quarterly retainer, documenting the stock-based component of her director compensation at the time of the award.

Does the JPM Form 4 indicate any stock sales by Phebe N. Novakovic?

The Form 4 does not report any stock sales by Novakovic. It records only an acquisition of 135.9804 shares coded as a grant or award, plus an updated indirect holding entry of 45 shares by her spouse, with no disposition transactions listed.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 04/01/2026 - 04:16 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

NOVAKOVIC PHEBE N

(Last) (First) (Middle)

270 PARK AVENUE

(Street)

NEW YORK NEW YORK 10017-2014

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
JPMORGAN CHASE & CO [ JPM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/31/2026		A(1)		135.9804	A	$294.16	13,394.8914	D
Common Stock								45	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Deferral of quarterly retainer, payable in common stock following termination of service as director.

	/s/ Holly Youngwood under POA	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)