JPMorgan’s board of directors has approved CEO Jamie Dimon pay for 2015, and it’s a pretty big number.
Dimon will receive $27 million in total compensation for the year. Broken down, it’s $1.5 million in salary, $5 million in cash bonus and $20.5 million in performance share units, or PSUs, according to an SEC filing.
That works out to a 35% raise from his $20 million compensation for 2014.
JPMorgan reported fourth-quarter earnings last week that beat expectations. It reported record net income of $24.4 billion.
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Dimon joined the billionaire’s club in June, with a net worth of $1.1 billion at the time, according to the Bloomberg Billionaires Index.
The firm also granted $6.15 million in restricted stock units and PSUs to CFO Marianne Lake and $10.4 million in restricted stock units and PSUs to JPMorgan Asset Management CEO Mary Callahan Erdoes, according to the filing.
Corporate Investment Bank CEO Daniel Pinto received $11.6 million in restricted stock units and PSUs, andCOO Matthew Zames received $10.7 million in restricted stock units and PSUs.