JPMorgan Chase CEO Jamie Dimon has sold about $31.5 million worth of the bank’s shares, according to a regulatory filing.
Dimon had also offloaded some shares last year in his first such sale since taking over the top role in 2005.
JPMorgan, the largest US lender, last week surpassed its first-quarter profit estimates on record equities trading and higher fees from debt underwriting and advising on mergers.
Dimon’s 2024 pay package went up 8.3% to $39 million.
The filing on Monday said Dimon sold 133,639 shares. JPMorgan shares closed Monday at $234.72, down 0.6%.
The share sale comes as JPMorgan prepares for an eventual leadership transition. Dimon, 69, is one of the most influential figures on Wall Street and has run the bank for 19 years.
The bank’s board has said it is focused on the succession planning, which Dimon said last year is his most important task.
Recently, Dimon also warned shareholders that trade wars could have lasting negative consequences including persistent inflation and high fiscal deficits.
[Notigroup Newsroom in collaboration with other media outlets, with information from the following sources]
