But this is the catch: Dimon will not have the opportunity to train the choices. They’ll begin to vest on July 20, 2026, and he should maintain the shares till July 20, 2031. By then, the shares might be value rather more — particularly if it has just a few extra years like this one. JPMorgan’s inventory is up practically 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 financial institution stated in the submitting. “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.”