JPMorgan Chase said the independent members of its Board of Directors approved James Dimon's annual compensation as CEO for 2023 at $36,000,000. The company said his annual compensation for the prior year was $34,500,000.

1. 01

   JPMorgan Chase said the independent members of its Board of Directors approved James Dimon's annual compensation as CEO for 2023 at $36,000,000. The company said his annual compensation for the prior year was $34,500,000.

2. 02

   The company said Dimon's total compensation consists of an annual base salary of $1,500,000 and performance-based variable incentive compensation of $34,500,000. Of the variable incentive compensation, $5,000,000 will be paid in cash and $29,500,000 in the form of PSUs.

3. 03

   The company said PSUs tie 100% of Dimon's annual equity-based compensation to ongoing performance metrics, representing 86% of his variable incentive compensation. It said the financial metric is ROTCE, that the program includes clawback and recovery provisions, and that its key features are structurally consistent with last year.

4. 04

   The company said it reported record managed revenue of $162.4 billion for 2023, net income of $49.6 billion, or $16.23 per share, and ROTCE of 21%. It said the common equity Tier 1 ratio was 15.0% at year-end, and that it increased its quarterly common dividend from $1.00 to $1.05 per share.

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