Jamie Dimon: JPMorgan CEO Dimon sold about $150 million of his stock, SEC filings show.

JPMorgan Chase CEO Jamie Dimon sold about $150 million of his bank’s stock, an SEC filing revealed Thursday. This marks the first time the head of America’s largest lender has sold his shares since he took office in 2005.

The bank has a market capitalization of more than $527 billion, according to LSEG data.

The sale is not related to leadership succession, and the bank’s president has no current plans to sell more shares but may consider doing so in the future, a company spokeswoman said in October.

Dimon’s 2023 compensation increased about 4.3% to $36 million.

JP Morgan announced its highest annual profit ever last year. It also acquired failed local lender First Republic Bank in May, helping boost profits.

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