Jamie Dimon Is About To Pocket More Than $100M: Here's How
Portfolio Pulse from Chris Katje
JPMorgan Chase & Co CEO and Chairman Jamie Dimon plans to sell a part of his stake in the company starting in 2024, according to a recent filing. The filing states that Dimon and his family plan to sell one million shares for financial diversification and tax-planning purposes. This would represent around 9% of Dimon's total ownership if fully vested. The shares are worth around $137 million as of Friday. This has sparked rumors that Dimon could be looking to retire from the bank.
October 27, 2023 | 6:27 pm
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JPMorgan CEO Jamie Dimon's plan to sell a part of his stake in the company could potentially impact the company's stock price. The sale of one million shares, worth around $137 million, represents around 9% of Dimon's total ownership if fully vested.
The announcement of a significant stake sale by a company's CEO can often lead to uncertainty among investors and potential downward pressure on the stock price. In this case, the sale represents a significant portion of Dimon's total ownership, which could potentially impact investor sentiment and the stock price.
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