But here’s the catch: Dimon won’t be able to exercise the options. They’ll start to vest on July 20, 2026, and he must hold the shares until July 20, 2031. By then, the shares could be worth much more — especially if it has a few more years like this one. JPMorgan’s stock is up nearly 18% in 2021.
“This special award reflects the Board’s desire for Mr. Dimon to continue to lead the Firm for a further significant number of years,” the bank said in the filing. “In making the special award, the Board considered the importance of Mr. Dimon’s continuing, long-term stewardship of the firm, leadership continuity, and management succession planning amidst a highly competitive landscape for executive leadership talent.”