NOVAKOVIC PHEBE N 4

What Happened
Phebe N. Novakovic, a director of JPMorgan Chase & Co. (JPM), was granted/received 122.201 shares of common stock (transaction code A) on 2026-06-30. The filing shows an acquisition price of $327.33 per share, for a total reported value of $40,000. This was an award/deferral (compensation), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-30; Form 4 filed: 2026-07-01 (filed the next business day).
• Price per share: $327.33; shares received: 122.201; total value: $40,000.
• Shares owned after the transaction: not specified in the filing.
• Footnote: F1 — the grant reflects a deferral of the quarterly retainer, payable in common stock following termination of service as director.
• Transaction type/code: A (award/grant). Filing appears timely (no late‑filing indication).

Context
Director stock awards for retainer deferrals are routine compensation and do not necessarily indicate the director’s view on the company’s near‑term prospects. This was a compensation-related acquisition rather than a personal cash purchase.