Recent SEC filings reveal that JPMorgan Chase CEO Jamie Dimon executed a significant stock transaction. On February 20, Dimon sold 783,361 shares of JPMorgan Chase (JPM, Financial) common stock through various family trusts and LLCs at approximately $269.84 per share, totaling around $233.8 million. Despite this sale, Dimon still retains substantial holdings in the company, including shares held directly, through family trusts, and other entities. The transactions were conducted under a pre-arranged trading plan, ensuring transparency and compliance with regulatory guidelines.
Earlier this week, a 10b5-1 plan filed with the SEC indicated Dimon's intention to sell a total of 1 million shares of JPMorgan stock by August 1. This move is notable due to its size and because Dimon has not sold JPMorgan stock since April 2024, when he garnered $33 million, marking his first sale of the bank's stock in 20 years.
Dimon has been with JPMorgan since 2004 and has served as CEO since 2006. Speculation about his potential resignation and retirement has arisen, possibly explaining his substantial stock sale plans this year. Dimon has previously discussed succession plans publicly over the past few years.
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.
