JPMorgan Chase 8-K

Summary

JPMorgan Chase disclosed CEO James Dimon’s 2025 compensation, approved by the independent directors. Compensation rose to $43M from $39M; the board cited strong financial and non-financial performance and Dimon’s leadership.

Key Figures

• 2025 compensation: $43M, including $1.5M base salary and $41.5M variable incentive compensation; the variable portion comprised $5M cash and $36.5M in at-risk Performance Share Units (PSUs).
• PSUs represented 88% of variable incentive compensation and 100% of annual equity-based compensation. Their performance measure is return on tangible common equity, with absolute and relative goals; awards are subject to vesting, holding, clawback and recovery provisions.
• 2025 results cited in the compensation rationale: managed revenue of $185.6B, net income of $57.0B, diluted EPS of $20.02 and return on tangible common equity of 20%. Managed revenue and return on tangible common equity are non-GAAP measures.
• The firm raised its quarterly common dividend from $1.25 to $1.50 per share.