JPMorgan CEO Dimon sells about $150 million of his shares, SEC filing says

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.

The bank has a market capitalization of more than $527 billion, according to LSEG data.

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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