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02-23

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JPMorgan CEO Dimon Sells About $150 Mln of His Shares, SEC Filing Says

Feb 22 - JPMorgan Chase CEO Jamie Dimon has sold about $150 million of his shares in the bank, a SEC filing showed on Thursday, marking the first time the head of the largest U.S. lender has sold shares since taking charge in 2005.Dimon and his family intend to sell 1 million of their 8.6 million shares, the bank had said in a filing last October. Dimon, one of the longest serving chief executives on Wall Street, has sold off 821,778 shares of the bank so far.The bank has a market capitalizatio

JPMorgan CEO Dimon Sells About $150 Mln of His Shares, SEC Filing Says

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Dimon, one of the longest serving chief executives on Wall Street, has sold off 821,778 shares of the bank so far.</p><p>The bank has a market capitalization of more than $527 billion, according to LSEG data.</p><p>The sale is not related to leadership succession and the bank chief had no current plans to sell more stock, but could consider doing so in the future, a company spokesperson said in October.</p><p>Dimon&#39;s compensation climbed about 4.3% to $36 million for 2023.</p><p>JPMorgan reported its biggest-ever annual profit last year. 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