J.P. Morgan Gives CEO Dimon Stock Option of 2 Million Shares
July 17 2014 - 5:30PM
Dow Jones News
J.P. Morgan Chase & Co. (JPM) has awarded Chairman and Chief
Executive James Dimon stock options for two million shares,
according to a regulatory filing Thursday.
The company said it awarded Mr. Dimon the shares in 2008 in
recognition of his "stewardship" during the financial crisis. In
its filing, the bank said its compensation committee in January
2013 had determined vesting conditions had been met for the awards
to Mr. Dimon but that the board deferred for further evaluation of
performance goals.
The company said its compensation committee had decided not to
defer the vesting further, and said the shares will be exercisable
on July 22.
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