© Reuters. JPMorgan (JPM) stock dips on CEO Dimon’s plans to sell 1 million shares
JPMorgan’s (NYSE:) Chairman and CEO, Jamie Dimon, has confirmed his intention to sell a portion of his stock for financial diversification and tax-planning reasons.
Starting in 2024, he and his family plan to sell 1 million shares, subject to the terms of a stock trading plan.
This marks Dimon’s first stock sale during his tenure at the company.
Despite this decision, Dimon maintains strong confidence in the company’s prospects, and his remaining stake in the company will still be substantial. Currently, he and his family hold approximately 8.6 million shares.
The stock dropped about 0.2% in pre-market trade.
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