Jamie Dimon nets $183M after completing planned stock sale
Dimon's latest sale of JPMorgan Chase stock is worth about $33M
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.
JPMorgan Chase CEO Jamie Dimon at the UK Global Investment Summit at Hampton Court Palace in London Nov. 27, 2023. (Chris Ratcliffe/Bloomberg via Getty Images / Getty Images)
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| JPM | JPMORGAN CHASE & CO. | 221.84 | -2.83 | -1.26% |
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The JPMorgan Chase CEO has now collected nearly $183 million from the sale.
JPMorgan Chase
The JPMorgan shares that Dimon owns have contributed to his $2 billion personal fortune, according to Forbes.
JPMorgan Chase's Jamie Dimon detailed the recession "possibility" facing Americans on "Mornings with Maria." (Jeenah Moon/Bloomberg via Getty Images / Getty Images)
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.