Jamie Dimon plans to sell $141 million worth of JPMorgan shares

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon plans to sell shares currently worth about $141 million, the first such transaction since he took the helm at the Wall Street giant almost 18 years ago, Report informs, citing Bloomberg.

Starting next year, Dimon and his family will dispose of 1 million of the lender’s shares for financial diversification and tax-planning purposes, according to a regulatory filing Friday. JPMorgan shares closed at $140.76 in New York on Thursday.