SMITH BRAD D 4

What Happened

• Brad D. Smith, a director of JPMorgan Chase & Co. (JPM), was reported to have acquired 913.525 shares on Jan 20, 2026 as an award (grant) recorded at $306.50 per share, a reported value of $280,000. This was an award/deferral of his annual stock grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-20; filing date (Form 4): 2026-01-22 (appears timely under the two-business-day rule).
• Price used for reporting: $306.50 per share; total reported value: $280,000.
• Shares acquired: 913.525 (transaction code A = award/grant).
• Shares owned after the transaction: not specified in the information provided in this summary.
• Footnote: This represents a deferral of an annual stock grant that is payable in JPM shares upon termination of Smith’s service as a director (i.e., the grant is deferred until departure).

Context

• This is a compensation-related award (routine director grant/deferral), not a market purchase or sale. Such deferred grants are common for board compensation and do not necessarily indicate a near-term trading intent or change in outlook by the insider.