RTTNews | Jan 20, 2022 08:46PM EST

20:46 Thursday, January 20, 2022 (RTTNews.com) - JPMorgan Chase & Co. (JPM) disclosed in a regulatory filing that its independent members of the board of directors approved the total compensation for 2021 for the company's chief executive officer James Dimon, in the amount of $34.50 million, an increase of about 10% from last year's compensation of $31.50 million.

Dimon's total compensation included an annual base salary of $1.50 million and performance-based variable incentive compensation of $33 million. $5 million of the variable incentive compensation will be delivered in cash and the remaining $28.00 million will be delivered in the form of Performance Share Units. The amounts of base salary and cash incentive remain unchanged from last year.

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