Davis Alicia Boler 4

What Happened
Alicia Boler Davis, a director of JPMorgan Chase & Co. (JPM), was granted 913.525 shares classified as an Award/Acquisition (code A) on January 20, 2026. The grant is reported at $306.50 per share, with a reported total value of $280,000. This is a grant (award), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-20; Filing date (Form 4): 2026-01-22 (filed within the standard two-business-day window).
• Shares granted: 913.525; Price per share reported: $306.50; Reported value: $280,000.
• Shares owned after transaction: Not specified in this Form 4.
• Transaction code: A (Grant, award or other acquisition).
• Footnote: The grant is a deferred annual stock award payable in JPM shares upon termination of service as a director (i.e., the shares are deferred until departure).

Context
This transaction is an equity award to a board director and reflects compensation rather than a market purchase or sale. Deferred grants are common for non-employee directors and do not by themselves indicate immediate buying or selling intent.