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10b5 1 Plans

All articles tagged with #10b5 1 plans

finance1 year ago

"JPMorgan CEO Jamie Dimon's $150 Million Stock Sale Raises Eyebrows"

JPMorgan Chase & Co. executives, including CEO Jamie Dimon, offloaded approximately $169 million in stock, with Dimon leading the way by selling $150 million worth of shares at a price of $182.73 each. The sales were made under 10b5-1 plans, providing a safe harbor defense against insider trading charges. Dimon's sale coincided with the stock hitting a new high, and he still holds 7.7 million shares. Other high-ranking leaders at the bank also sold portions of their holdings this month.