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

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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.