J.P. Morgan Awards CEO With Stock Options
July 17 2014 - 9:50PM
Dow Jones News
J.P. Morgan Chase & Co. has awarded Chairman and Chief
Executive James Dimon stock options for two million shares valued
at about $36 million, according to a regulatory filing
Thursday.
The company said it awarded Mr. Dimon 2 million special stock
appreciation rights at an exercise price of $39.83 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.
Write to Emily Glazer at emily.glazer@wsj.com
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