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The Wall Street Journal: J.P. Morgan CEO Jamie Dimon’s pay hiked to $28 million in 2016

J.P. Morgan Chase & Co. Chief Executive James Dimon will receive $28 million in total compensation for 2016, up 3.7% — or $1 million — from 2015, according to a Thursday securities filing.

The chairman and chief executive’s pay package includes $21.5 million in performance-related restricted stock and $5 million in cash. His base salary is unchanged at $1.5 million, according to the filing. The total compensation is up from his 2015 pay package of $27 million.

This is the second year Dimon is being paid in so-called performance share units, a type of restricted stock that has requirements on how long it must be held and has the possibility of being worth nothing based on the performance of Dimon and the bank.

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