JPMorgan Chase & Co. CEO Jamie Dimon has sold about $33 million in stock in the bank, a regulatory filing revealed on Monday, up from a previously disclosed sale of 1 million shares. The plan is complete.
Last October, JPMorgan announced that it intended to sell 1 million of the 8.6 million shares held by Mr. Dimon and his family. This is his first time since becoming CEO of a company.
Mr. Dimon sold the remaining 178,222 shares after selling 821,778 shares worth about $150 million in February, according to Monday’s filing.
A company spokesperson said in October that the sale was for “financial diversification and tax saving purposes” and was not related to management succession.
JPMorgan did not immediately respond to a request for additional comment on Monday.
The bank has a market capitalization of more than $525 billion, according to LSEG data.
JPMorgan last week beat first-quarter profit estimates, but forecast interest income was lower than analysts expected.
