HOBSON MELLODY L 4
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JPMorgan Director Mellody Hobson Receives $45K Stock Award
What Happened Mellody L. Hobson, a director of JPMorgan Chase & Co. (JPM), was credited with an award equal to 137.476 shares at a price of $327.33 per share, a total value of $45,000. The grant is reported as an acquisition/award (code A) with an effective date of 2026-06-30 and was filed on 2026-07-01.
Key Details
- Transaction date: 2026-06-30; Filing date: 2026-07-01 (timely filing).
- Shares credited: 137.476; Price used: $327.33 per share; Total value: $45,000.
- Transaction type: Award/grant (code A) — a deferral of her quarterly director retainer.
- Footnote: Deferral of quarterly retainer, payable in common stock following termination of service as director (i.e., payable in stock after she leaves the board).
- Shares owned after transaction: Not specified in this Form 4.
Context This was a compensation-related credit (deferred retainer), not an open-market purchase or sale. Such deferred awards are routine director compensation and do not, by themselves, indicate the director is buying or selling stock for investment reasons.
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