In a notable move, JPMorgan Chase (JPM.N) CEO Jamie Dimon has divested approximately $150 million worth of his shares in the bank, as revealed by a SEC filing on Thursday. This transaction marks the first instance of Dimon, at the helm of the largest U.S. lender since 2005, selling shares during his tenure.
Last October, the bank had disclosed Dimon’s intention, along with his family, to sell 1 million of their combined 8.6 million shares. Thus far, Dimon, renowned as one of the longest-serving chief executives on Wall Street, has sold off 821,778 shares of the bank.
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