JPM - Jamie Dimon Is About To Pocket More Than $100M: Here's How | Benzinga
A filing by JPMorgan Chase & Co (NYSE:JPM) CEO and Chairman Jamie Dimon is being digested by investors on Friday. This follows several cautionary statements Dimon has made about the U.S. economy.
What Happened: Dimon became the CEO of JPMorgan Chase on Jan. 1, 2006 and has led the largest financial institution in the U.S. ever since, also serving as Chairman. Now, the banking firm has disclosed in a filing that he intends to sell a part of his stake in the company.
The filing states that Dimon and his family plan to sell a portion of their holding of stock in the banking company for "financial diversification and tax-planning purposes" starting in 2024. One million shares are listed in the filing for the sale.
"This is Mr. Dimon's first such stock sale during his tenure at the company. Mr. Dimon continues to believe the company's prospects are very ...