Jamie Dimon nets $183M after completing planned stock sale

JPMorgan Chase CEO Jamie Dimon finished the planned sale of his 1 million shares in the bank on Monday.

Dimon offloaded the remaining 178,222 shares on Monday, 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 that it was his “first such stock sale during his tenure at the company.”

JAMIE DIMON SOUNDS ALARM OVER ‘PERSISTENT’ INFLATION, FED POLICY

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, U.K., on Nov. 27, 2023. Getty Images

DIMON SAYS AI COULD HAVE SIMILAR IMPACT AS THE PRINTING PRESS, ELECTRICITY AND INTERNET

READ ON THE FOX BUSINESS APP

The JPMorgan Chase CEO has now collected nearly $183 million from the sale.

The JPMorgan shares that Dimon owns have contributed to his $2 billion personal fortune, per Forbes.

JPMorgan Chase’s Jamie Dimon detailed the recession “possibility” facing Americans on “Mornings with Maria” Tuesday. Getty Images

JPMorgan shares are up 4.6% year to date. In the past 12 months, it has climbed nearly 29%.

CLICK HERE TO READ MORE ON FOX BUSINESS

“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.

Original article source: Jamie Dimon nets $183M after completing planned stock sale