J.P. Morgan CEO to Get $28 Million in 2016 Compensation
January 19 2017 - 6:00PM
Dow Jones News
By Emily Glazer
J.P. Morgan Chase & Co. Chief Executive James Dimon will
receive $28 million in total compensation for 2016, up 3.7% -- or
$1 million -- from 2015, according to a Thursday securities
filing.
The chairman and chief executive's pay package includes $21.5
million in performance-related restricted stock and $5 million in
cash. His base salary is unchanged at $1.5 million, according to
the filing. The total compensation is up from his 2015 pay package
of $27 million.
This is the second year Mr. Dimon is being paid in so-called
performance share units, a type of restricted stock that has
requirements on how long it must be held and has the possibility of
being worth nothing based on the performance of Mr. Dimon and the
bank.
J.P. Morgan's board awarded Mr. Dimon total pay of $28 million
in 2016 based on strong performance across businesses, risk
management, customers and leadership, according to the filing.
The board also cited the bank's 2016 record profit of $24.7
billion.
Write to Emily Glazer at emily.glazer@wsj.com
(END) Dow Jones Newswires
January 19, 2017 17:45 ET (22:45 GMT)
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