JPMorgan Chase & Co. Chief Executive Jamie Dimon will receive $29.5 million in total compensation for 2017, up 5.4% — or $1.5 million — from 2016, according to a Thursday securities filing.
The chairman and chief executive’s pay package includes $23 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 2016 pay package of $28 million but shy of his record compensation of $30 million in 2007.
This is the third year 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 Dimon and the bank.
J.P. Morgan’s JPM, +0.24% board based Dimon’s total pay award for last year on strong performance across businesses, risk management, customer focus and leadership, according to the filing.
An expanded version of this report appears on WSJ.com.
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