JPMorgan director defers retainer into stock grant

JPMorgan Chase & Co. director Stephen B. Burke acquired 191.2225 shares of common stock on March 31, 2026 as a deferral of his quarterly retainer, payable in stock after his service as director ends.

Rhea-AI Filing Summary

JPMorgan Chase & Co. director Stephen B. Burke acquired 191.2225 shares of common stock on March 31, 2026 as a deferral of his quarterly retainer, payable in stock after his service as director ends. The award used a reference price of $294.16 per share. Following this grant, he holds 207,343.0323 shares directly and 55,245 shares indirectly through a GRAT, showing this is a routine compensation-related equity accrual rather than an open-market trade.

Insider Trade Summary

Grant/Award: 191.2225 shares

Grant/Award 2 txns

Insider BURKE STEPHEN B

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	191.2225	$294.16	$56K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 207,343.0323 shares (Direct); Common Stock — 55,245 shares (Indirect, By GRAT)

Footnotes (1)

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

Key Figures

Shares granted: 191.2225 shares Reference price: $294.16 per share Direct holdings after grant: 207,343.0323 shares +1 more

4 metrics

Shares granted 191.2225 shares Deferred quarterly director retainer on March 31, 2026

Reference price $294.16 per share Valuation used for the stock retainer deferral

Direct holdings after grant 207,343.0323 shares Common stock held directly following the award

Indirect GRAT holdings 55,245 shares Common stock held indirectly by GRAT after reporting date

Key Terms

Deferral of quarterly retainer, GRAT, Common Stock, indirect ownership

4 terms

Deferral of quarterly retainer financial

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

GRAT financial

"total_shares_following_transaction ... 55245.0000 ... nature_of_ownership: By GRAT"

Common Stock financial

"security_title: Common Stock ... transaction_shares: 191.2225"

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, ownership_type: indirect, nature_of_ownership: By GRAT"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Stephen B. Burke report in his latest Form 4 for JPM?

Stephen B. Burke reported receiving 191.2225 JPM shares as a deferred quarterly director retainer. The compensation is payable in common stock after his board service ends, reflecting routine, non-market equity compensation rather than an open-market stock purchase or sale.

How many JPM shares did director Stephen B. Burke acquire in this filing?

Stephen B. Burke acquired 191.2225 JPM common shares through a grant tied to his quarterly retainer. The filing describes this as a deferral of fees into stock, not a cash transaction in the open market, so it functions as standard equity-based director compensation.

What price was used for Stephen B. Burke’s JPM stock retainer deferral?

The deferred quarterly retainer for Stephen B. Burke was valued at a reference price of $294.16 per JPM share. This figure sets the number of common shares credited, turning his cash retainer into stock to be delivered after his service as a director ends.

How many JPM shares does Stephen B. Burke hold after this Form 4?

After this Form 4 event, Stephen B. Burke directly owns 207,343.0323 JPM shares. He also has an indirect position of 55,245 shares held by a GRAT, giving him a sizable overall equity exposure associated with his role as a director at the company.

What does “Deferral of quarterly retainer” mean in the JPM Form 4 footnote?

The footnote explains Burke’s quarterly director retainer is deferred and paid in JPM common stock after his board service ends. Instead of receiving cash, he accumulates share units based on a set price, turning ongoing director fees into long-term equity compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

BURKE STEPHEN B

(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)		191.2225	A	$294.16	207,343.0323	D
Common Stock								55,245	I	By GRAT

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)