October 4, 2022

AndronETalksNews

AndronETalksNews

JPMorgan gives Jamie Dimon a special stock option bonus to keep him as CEO for several more years

CNBC

By Yun Li

PUBLISHED WED, JUL 21 20218:08 AM EDT

JPMorgan Chase granted Jamie Dimon new stock options as a retention bonus to incentivize the chief executive officer to lead the banking giant for a few more years.

The 65-year-old Dimon was awarded 1.5 million stock appreciation rights, a form of options contracts he can exercise in five years if the stock price rises. JPMorgan shares closed at $149.71 on Tuesday after climbing 18% this year on the back of the economic reopening.

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