JPMorgan Raises CEO Dimon’s Pay 10% to $34.5 Million for 2021

JPMorgan Chase & Co. raised Chief Executive Officer Jamie Dimon’s total compensation 10% to $34.5 million for his work in 2021, the firm’s most profitable year on record.

The package for Dimon -- often the highest-paid CEO in U.S. banking -- includes $28 million of restricted stock tied to performance, an annual base salary of $1.5 million and a $5 million cash bonus, the biggest U.S. bank said Thursday in a regulatory filing. Dimon, 65, was paid $31.5 million a year for both 2020 and 2019.

“Amid the continued challenges of Covid-19 and supply chain disruptions, under Mr. ...