Bull Bear Report Feb 17 2011

Dimon Gets $17 Million in Equity Awards for 2010

By julie steinberg

Jamie Dimon had a fruitful 2010.

According to a regulatory filing with the SEC, the JPMorgan CEO received $17 million in equity awards for his 2010 bonus.

One of the components was 251,415 units in restricted stock, half of which will vest in January 2013. The rest will vest a year later. Altogether the stock would be worth around $12 million. He was also given 367,377 in stock appreciation rights, which are worth $5 million, according to Dow Jones Newswires calculations. As of yet, Dimon's salary and cash bonus have not been revealed.

It's the largest 2010 bonus yet among Wall Street bigwigs. In 2009, Dimon received stock and options worth $17 million at the time, a step down from the $28 million he pocketed in 2008.

Lloyd Blankfein has received at least $13.2 million for 2010, a package that includes both bonus and base salary.

Write to Julie Steinberg




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