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- JPMorgan chief Jamie Dimon is selling a part of his stake in the lender for the first time.
- The sale represents just a portion of his holdings, and is meant for diversification and tax purposes.
- Since becoming CEO in 2005, Dimon has only expanded his stake in the bank, holding $1.2 billion in shares.
Jamie Dimon is set to sell JPMorgan shares for the first time since taking the helm of the world's largest bank in 2005.
The sale of 1 million shares will be subject to a predetermined trading plan that will start in 2024. At current prices for JPMorgan stock, the transaction would net over $140 million.