JPMorgan Chase & Co. Chief Executive James Dimon received a 2010 stock bonus valued at $17 million, the biggest bonus for a big-name Wall Streeter so far this year. According to a Securities and Exchange Commission filing, Mr. Dimon was given 251,415 units in restricted stock, half of which will vest in January 2013 and the rest a year later. The restricted stock at Thursday’s closing prices would be worth just over $12 million. Mr. Dimon was also awarded 367,377 in stock appreciation rights, worth an estimated $5 million based on the Black-Scholes model.
Kerri Ann Panchuk was the Online Editor of HousingWire.com, and regular contributor to HousingWire magazine. Kerri joined HousingWire as a Reporter in early 2011 and since earned a law degree from Southern Methodist University. She previously worked at the Dallas Business Journal.see full bio
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How much will mortgage rates fall with the Iran deal and Fed week?
The 10-year yield is 4.43% and mortgage rates are 6.58%, with Fed week and inflation data setting the next move.
Kerri Ann Panchuk was the Online Editor of HousingWire.com, and regular contributor to HousingWire magazine. Kerri joined HousingWire as a Reporter in early 2011 and since earned a law degree from Southern Methodist University. She previously worked at the Dallas Business Journal.see full bio