Jamie Dimon Completes $183 Million Stock Sale, First in 19 Years

JPMorgan Chase CEO Jamie Dimon has finalized his planned sale of one million shares, citing financial diversification and tax planning as reasons.

Jamie Dimon sold the remaining 178,222 shares on Monday, completing the sale of 1 million shares for a total of $183 million.
This marks the first time Dimon has sold JPMorgan stock since becoming CEO in 2005, a move that surprised many.
Dimon retains significant holdings in JPMorgan, with direct ownership of about 7.7 million shares after the sale.
The sale was part of a strategy for financial diversification and preparing for future tax obligations, according to JPMorgan.
JPMorgan's share price has seen a significant increase, climbing nearly 29% over the past 12 months.