Bloomberg News

JPMorgan’s Dimon, Zames Receive $21 Million in Past Pay

January 16, 2013

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and co-Chief Operating Officer Matt Zames were among executives receiving prior compensation that vested this week.

Dimon received 223,559 shares, according to a company filing issued today. The stock is worth $10.3 million based on the stock’s closing price on Jan. 14, the day after the shares vested. Zames took ownership of 243,280 shares, the New York- based bank said in a separate filing. The shares are valued at $11.2 million.

The shares represent compensation awarded two and three years ago that is now vesting, according to Joseph Evangelisti, a JPMorgan spokesman. JPMorgan’s stock rose 1 percent today to $46.82 in New York trading.

To contact the reporter on this story: Dakin Campbell in San Francisco at dcampbell27@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus