Dimon and Other JPMorgan Executives Sell Nearly $170 Million in Stock as Share Price Hits Record High
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Jamie Dimon and other JPMorgan executives sold nearly $170 million in company stock this week as share prices hit a record high. Dimon sold $150 million worth.
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The sales were made under 10b5-1 trading plans, which allow scheduled selling and provide legal protection against insider trading charges.
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Dimon's sale came as JPMorgan's stock price topped $182 for the first time ever. When Dimon became CEO in 2005, the share price was around $40.
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Dimon took home $36 million in total compensation last year. He still holds 7.7 million JPMorgan shares under a requirement to keep at least $75 million worth.
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Several other top JPMorgan executives also sold shares this month, totaling over $3 million between them.