Zachary Halaschak is an economics reporter at the Washington Examiner. Before moving to Washington, he worked in Alaska, covering politics, government, and crime for the Ketchikan Daily News. While there, Zach won the Alaska Press Club’s second-place award for best reporting on crime or courts for his coverage of a local surgeon’s alleged murder.
JPMorgan Chase CEO Jamie Dimon and his family are selling off a large stake in the firm, the first such transaction since he took the helm in 2005.
“Mr. Dimon continues to believe the company’s prospects are very strong and his stake in the company will remain very significant,” the filing reads. “He and his family currently hold approximately 8.6 million shares, and in addition he continues to have unvested Performance Share Units relating to 561,793 shares and Stock Appreciation Rights relating to 1,500,000 shares, subject to the terms and conditions of each grant.
Still, such a massive sell-off in stocks from Dimon is notable, and JPMorgan’s stock declined following news of the filing.
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