JPMorgan CEO Dimon sells about $150 million of his shares, SEC filing says
Synopsis
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 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.
Dimon's compensation climbed about 4.3% to $36 million for 2023.
JPMorgan reported its biggest-ever annual profit last year. It also acquired failed regional lender First Republic Bank in May, which has helped to bolster profit.
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