06:04 AM EST, 01/24/2025 (MT Newswires) -- JPMorgan Chase ( JPM ) said Thursday its board approved Chief Executive Officer Jamie Dimon's 2024 compensation at $39 million, up from $36 million last year, citing record financial results.

The package includes a $1.5 million base salary and $37.5 million in performance-based incentives, with $32.5 million delivered as at-risk Performance Share Units tied to long-term numbers, the company said in a Form 8-K.

During last year the firm reported record revenue of $180.6 billion and net income of $58.5 billion, with a return on tangible common equity of 22%.

The company ended the year with a CET1 ratio of 15.7% and provided $2.8 trillion in credit and capital for clients globally while raising its quarterly dividend to $1.25 per share from $1.05.

Meanwhile, Dimon intends to sell 1 million shares for diversification and tax planning but will retain a significant stake, holding about 7.5 million shares, according to the regulatory filing.