JPMorgan's CEO Jamie Dimon sells shares worth approx. $150 million

According to a filing the bank made in October of last year, Jamie Dimon and his family plan to sell one million of their 8.6 million shares. As per the SEC filing, Jamie Dimon, the CEO of JPMorgan Chase, sold over $150 million worth of the bank's shares.

In a filing from last October, the bank stated that Dimon and his family planned to sell one million of their 8.6 million shares. Thus far, he has sold 821,778 shares of the bank. 

Record of selling shares 

Since he was apointed CEO of JPMorgan in 2005, this is the first time the CEO of the biggest US lender has sold off his bank stock. 

Based on LSEG data, the bank's market capitalization exceeds $527 billion. According to a corporate spokeswoman in October, the sale had nothing to do with leadership succession, and while the bank CEO had no immediate intentions to sell more stock, he may do so in the future.

Dimon's compensation increase  

Jamie Dimon's compensation grew approximately from 4.3% to $36 million, last year. In 2023 his profits climbed to $36 million.
In May First Republic Bank was acquired. This being a regional institution that had failed contributed to an increase in profit.

 Last year, JPMorgan announced its largest-ever annual profit. In May, it also bought First Republic Bank, a regional institution that had failed, which contributed to an increase in profit.