JPMorgan Chase & Co. has announced in a Form 8-K filing that the Board of Directors approved the annual compensation for CEO James Dimon for 2024 at $39 million, an increase from $36 million in 2023. His compensation includes a $1.5 million base salary and $37.5 million in performance-based variable incentives, of which $32.5 million will be in the form of at-risk Performance Share Units (PSUs) tied to performance metrics like return on tangible common equity (ROTCE).

Under Dimon’s leadership, JPMorgan achieved record revenue of $180.6 billion and net income of $58.5 billion in 2024, with a ROTCE of 22%. The firm also increased its quarterly dividend from $1.05 to $1.25 per share, ended the year with a CET1 ratio of 15.7%, and raised $2.8 trillion in credit and capital for clients globally.

Separately, Dimon and his family plan to sell approximately one million shares of JPMorgan stock for financial diversification and tax planning purposes, retaining a significant stake of around 7.5 million shares. Additional details about the compensation structure and firm performance can be found in the firm's related earnings release and SEC filings.