JPMorgan gives Jamie Dimon ‘special award’ worth millions to stick around as CEO

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JPMorgan gives Jamie Dimon ‘special award’ worth millions to stick around as CEO
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JPMorgan's board said it hopes to keep Jamie Dimon as CEO 'for a further significant number of years.'

Jamie Dimon just got a big incentive to remain chief executive of JPMorgan Chase & Co. for a while longer.

The options have a 10-year vesting schedule, and cannot be exercised until at least July 2026. The options are not part of Dimon’s regular annual compensation, and also have clawback and recovery provisions. “In making the special award, the board considered the importance of Mr. Dimon’s continuing, long-term stewardship of the firm, leadership continuity, and management succession planning amidst a highly competitive landscape for executive leadership talent.”

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