Stock sale is worth about $140 million based on recent stock price
JPMorgan Chase & Co. said Friday that Chief Executive Jamie Dimon and his family plan to sell about $140 million in company stock, or one million shares, in his first such stock sale during his tenure at the bank.
“Mr. Dimon continues to believe the company’s prospects are very strong and his stake in the company will remain very significant,” the filing said. JPMorgan Chase & Co.’s stock is up 5% in 2023, compared with a 1.1% decline in the Dow Jones Industrial Average DJIA.
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