JPMorgan Chase CEO Jamie Dimon has offered about $31.5 million value of the financial institution’s shares, in accordance with a regulatory submitting.
Dimon had additionally offloaded some shares final 12 months in his first such sale since taking excessive position in 2005.
JPMorgan, the most important US lender, final week surpassed its first-quarter revenue estimates on document equities buying and selling and better charges from debt underwriting and advising on mergers.
Dimon’s 2024 pay package deal went up 8.3% to $39 million.
The submitting on Monday stated Dimon offered 133,639 shares. JPMorgan shares closed Monday at $234.72, down 0.6%.
The share sale comes as JPMorgan prepares for an eventual management transition. Dimon, 69, is without doubt one of the most influential figures on Wall Avenue and has run the financial institution for 19 years.
The financial institution’s board has stated it’s targeted on the succession planning, which Dimon stated final 12 months is his most essential process.
Not too long ago, Dimon additionally warned shareholders that commerce wars might have lasting unfavorable penalties together with persistent inflation and excessive fiscal deficits.
