Dimon Plans to Sell $141 Million Worth of JPMorgan Shares
- Disposal to be CEO’s first such stock sale during his tenure
- Sale is for financial diversification, tax planning: filing
This article is for subscribers only.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon plans to sell shares currently worth about $141 million, the first such transaction since he took the helm at the Wall Street giant almost 18 years ago.
Starting next year, Dimon and his family will dispose of 1 million of the lender’s shares for financial diversification and tax-planning purposes, according to a regulatory filing Friday. JPMorgan shares closed at $140.76 in New York on Thursday.