JPMorgan (JPM) Director Phebe Novakovic Receives $40K Stock Award

What Happened
Phebe Novakovic, a director of JPMorgan Chase & Co., was reported to have acquired 120.908 shares on 2026-09-30 at a reported price of $330.83 per share, valued at approximately $40,000. The Form 4 lists the transaction as an award/grant (code A), reflecting an acquisition of company common stock rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-30; filing date: 2026-10-01 (timely filed).
• Shares acquired: 120.908 at $330.83 per share; total value ≈ $40,000.
• Transaction type/code: A — Grant/Award/Other acquisition.
• Footnote: This reflects deferral of Novakovic’s quarterly retainer, payable in common stock following termination of service as a director.
• Shares owned after the transaction: Not specified in the provided filing.
• Remarks/attachment: poanovakovic.txt

Context
This transaction represents compensation deferral into company stock (a routine director retainer arrangement) rather than a market purchase that might signal new personal conviction. Such deferred awards are common and often subject to vesting or payout conditions (here, payable following termination of director service).