Jamie Dimon nets $183M after completing planned stock sale
JPMorgan Chase CEO Jamie Dimon finished the planned sale of his 1 million shares in the bank Monday.
Dimon offloaded the remaining 178,222 shares on Monday, which were worth about $33 million, according to a filing with the Securities and Exchange Commission (SEC). He sold 821,778 shares in February at a value of roughly $150 million.
The bank said in late October that Dimon and his family would sell 1 million shares in 2024 "for financial diversification and tax-planning purposes." JPMorgan Chase said at the time it was his "first such stock sale during his tenure at the company."
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Dimon’s total direct and indirect holdings of JPMorgan stock totaled about 7.7 million following Monday’s transaction.
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The JPMorgan Chase CEO has now collected nearly $183 million from the sale.
The JPMorgan shares that Dimon owns have contributed to his $2 billion personal fortune, according to Forbes.
JPMorgan shares are up 4.6% year to date. In the past 12 months, they have climbed nearly 29%.
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"We continue to be a pillar of strength for our clients, communities and markets across the world — while also delivering for shareholders," Dimon said earlier this month about JPMorgan Chase.
Original article source: Jamie Dimon nets $183M after completing planned stock sale
