JPMorgan Directors Add Stock

NEW YORK ( TheStreet) -- Eight JPMorgan Chase ( JPM) directors bought 4,006 of the company's shares before year-end, worth $170,000, according to regulatory filings.

Crandall Close Bowles, Stephen Burke, David Cote, James Crown, Laban Jackston, David Novack, Lee Raymond and William Weldon said in Securities and Exchange Commission filings that they had acquired the shares at the Dec. 31 closing price of $42.42; each bought within a range of 442 shares and 589 shares apiece.

The SEC filings noted that the acquisitions represented deferral of the directors' quarterly retainers, which are payable in common stock once they exit the board.

The directors directly hold 739,855 common shares of JPMorgan directly, though Crown holds many more through trusts, partnerships and his spouse. Jackson also holds preferred stock and some other common stock indirectly.

Insider trades are performed through pre-arranged trading plans and don't necessarily indicate an insider's view of a company's share-price outlook.

On Tuesday, JPMorgan closed up 1.5% at $44.16.

-- Written by Lauren Tara LaCapra in New York.

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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