JPMorgan CEO Dimon, Family to Cut Stake in Bank

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JPMorgan CEO Dimon, Family to Cut Stake in Bank
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The Dimon family’s stake in the bank is worth about $1.21 billion

In a Securities and Exchange Commission filing, Dimon said he and his family plan to sell 1 million of their roughly 8.6 million in JPMorgan sharesJPMorgan Chase Chairman and Chief Executive Jamie Dimon and his family plan to sell roughly 12% of their stake in the nation’s largest bank by assets, as Dimon begins to cash in his holdings after years of accumulating stock in his employer.

In a Securities and Exchange Commission filing, Dimon said he and his family plan to sell 1 million of their roughly 8.6 million in JPMorgan shares for “financial diversification and tax-planning purposes,” starting in 2024.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.

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