JPMorgan Board Gives CEO 1.5 Million Stock Options to Stop Here

JPMorgan Board Gives CEO 1.5 Million Stock Options to Stop Here

Reporting by Noor Zainab Hussain in Bengaluru and Elizabeth Dilts Marshall in New York; Editing by Chris Reese (This story corrects in fifth paragraph to state net share gains must be held until 2031, not 2013) Our Standards: The Thomson Reuters Trust Principles.

Dimon, who has led the bank as CEO since December 2005, cannot exercise the options for at least 5 years. Any net shares he gains from the options must be held until 2031, according to the filing. The board considered what it called “the importance of Mr. Dimon’s continuing, long-term stewardship” when approving the reward, which is structured in a way intended to encourage continued good performance.

The reward will vest so long as Dimon remains employed by JPMorgan, or if he leaves the bank for government office or because of a disability, according to the filing. “This special award reflects the board’s desire for Mr. Dimon to continue to lead the firm for a further significant number of years,” the bank’s board said in a filing.

The News Highlights

  • JPMorgan Board Gives CEO 1.5 Million Stock Options to Stop Here
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Micromax introduces a cheap smartphone and earphones, according to The Weekend Leader
Micromax introduces a cheap smartphone and earphones, according to The Weekend Leader
The 4GB+64GB and 6GB+64GB variants are priced at Rs 7,999 and Rs 8,999, respectively, and offers black, blue and green colour options. Home-grown smartphone ...
Electric provider must pay $400,000 to resolve marketing case
Electric provider must pay $400,000 to resolve marketing case
In 2019 and 2020, the company charged customers about $2 million more than the standard service rate, the state alleged. The settlement amount will be paid ...
AI finds its way to medical care in West Virginia |  local news
AI finds its way to medical care in West Virginia | local news
But bringing AI into health care has its own set of challenges. Scientists are dealing with human behavior, and there is nothing more unpredictable than ...
Myanmar’s military leader says elections will be in 2 years
Myanmar’s military leader says elections will be in 2 years
The state of emergency was declared when troops moved against the elected government of Aung San Suu Kyi on Feb. 1, an action the generals said was permitted ...
Biesiada Bash concert raises money for musician battling colon cancer
Biesiada Bash concert raises money for musician battling colon cancer
They also organized a raffle to help raise money for Ferch. “He’s doing chemo right now,” said Buuck. “He’s doing a good fight, and he’s gonna be so we ...
Vaccine approvals in Europe reveal some pockets of resistance
Vaccine approvals in Europe reveal some pockets of resistance
The looming requirement is working, with vaccination requests booming in both countries. Still, there are pockets of resistance by those who see it as a ...
‘We will take it’ – Andrew Abdo optimistic about the NRL’s financial health
‘We will take it’ – Andrew Abdo optimistic about the NRL’s financial health
“We were tracking pretty well. “We’ve been very focused on finding efficiencies within the business and also looking to grow revenues. “A relocation of this ...
Iran’s Health Minister Calls for Military Restrictions |  Coronavirus Pandemic News
Iran’s Health Minister Calls for Military Restrictions | Coronavirus Pandemic News
The health ministry said 366 more Iranians died on Sunday while its numbers show virus deaths have surged by 38 percent compared with a week earlier. More than ...
Atlanta area judge extends eviction moratorium in his county
Atlanta area judge extends eviction moratorium in his county
“This emergency order is a godsend,” DeKalb CEO Michael Thurmond said in a news release. “Without this local extension to the (federal) moratorium, thousands ...
End of extra unemployment benefit and hiring companies |  The business
Mississippi Shipyard Receives $41 Million Contract for Navy Barge
In September 2018, Halter Marine received a contract to design and build two units for $78 million. The contract was extended to include two more units. ...
Show next
Compsmag - Latest News from tech, business and health
Logo