Bloomberg News reports that the board’s compensation package for Dimon, 57, who also serves as chairman, included $18.5m in restricted stock, the New York-based lender said Friday in a regulatory filing.
His salary was unchanged at $1.5m and he got no cash bonus, according to the filing.
Board members decided to keep Dimon’s pay below previous peak levels after criminal and regulatory probes cost JPMorgan more than $23bn in settlements during 2013.
The directors cut his 2012 package in half last January to $11.5m, saying he bore 'ultimate responsibility' for failures that led to derivatives trading losses in the London Whale episode.
In raising Dimon’s pay, the board of directors cited 'sustained long-term performance; gains in market share and customer satisfaction; and the regulatory issues the company has faced and the steps the company has taken to resolve those issues', according to the filing.
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