JPMorgan Chase & Co. awarded Chief Executive Officer Jamie Dimon $31 million in total compensation for his work in 2018, a 5.1 percent bump after his bank posted record profit.

Dimon’s pay package included $24.5 million of restricted stock tied to performance, an annual base salary of $1.5 million and a $5 million cash bonus, the New York-based bank said Jan. 17 in a regulatory filing.

JPMorgan notched the highest profit in U.S. banking history in 2018 with $32.5...