JPMorgan Chase CEO Jamie Dimon sold about $31.5 million worth of shares in the bank, according to regulatory filings.
Also, since taking over the top role in 2005, Dimon has offloaded several shares with his first such sales last year.
Last week, US largest lender JPMorgan outperformed record-breaking first quarter earnings estimates for stock trading and higher fees from underwriting and advisement on merger obligations.
Dimon’s 2024 salary package rose 8.3% to $39 million.
The filing on Monday said Dimon had sold 133,639 shares. JPMorgan’s shares closed on Monday, down 0.6%.
Stocks will be sold as JPMorgan prepares for the ultimate leadership transition. Dimon, 69, is one of Wall Street’s most influential figures and has run the bank for 19 years.
The bank’s board says it is focusing on succession plans that Dimon said was his most important issue last year.
Recently, Dimon warned shareholders that the trade war could have lasting negative consequences such as persistent inflation and a high fiscal deficit.
