On February 20, JPMorgan Chase CEO Jamie Dimon reportedly executed a substantial sale of his company’s shares. In total, Dimon sold 866,361 shares at a price of $269.83 per share.
Sale Transactions and Details
According to filings with the U.S. Securities and Exchange Commission, the total value of the sale was approximately $233.77 million. The transaction report included sales made by Dimon’s family, GRATs, LLCs, and his spouse.
Company Policy and Planned Transactions
The transactions were stated to be part of a pre-established financial diversification and tax planning strategy. Documents released by JPMorgan Chase indicated that Dimon continues to hold strong expectations for the company’s future.
JPMorgan Chase: “The sale was a planned transaction under financial diversification and tax planning, and Dimon remains confident in the company’s potential.”
Following a similar stock sale last February, Dimon had conducted another round of transactions in April, worth approximately $182 million. These regular sales are believed to align with Dimon’s personal portfolio management.
