JPMorgan Chase & Co., which reported $11.7 billion in profit in 2009, awarded Chief Executive Jamie Dimon a compensation package worth about $16 million.
Bankers' compensation has been a hot-button issue amid the financial crisis, as the U.S. government spent billions in taxpayer funds to prop up the banking system.
JPMorgan, which in the summer returned the $25 billion it received from the U.S. Treasury, said Dimon will not take a cash bonus for the second year running.
The 195,704 shares Dimon received on Wednesday are restricted until January 2013, while the 563,562 so-called stock appreciation rights or options expire in January 2020 and have an exercise price of $43.20, according to an SEC filing.
The 195,704 shares were worth about $7.9 million at the market close on Wednesday.
The options, according to a commonly used valuation method, could be worth around $8 million, according to compensation consultant Alan Johnson.
Dimon received about $19.7 million in compensation in 2008, including his $1 million salary and stock and options that had been awarded in previous years, but he did not receive new stock and option awards that year.
The bank, broadly seen as one of the stronger survivors of the financial crisis, also disclosed restricted stock and option awards for other top executives.
JPMorgan's operating committee will receive about 75 percent of their total 2009 compensation in restricted stock and options, a spokesman said.
JPMorgan shares closed at $38.35 on Thursday. The shares closed at $40.29 on Wednesday, when the stock and options were granted.
Shares in both JPMorgan and investment banking rival Goldman Sachs Group outperformed the broad KBW Banks Index in 2009. JPMorgan shares climbed 32 percent that year, while Goldman Sachs stock doubled. The KBW Banks Index fell 3.6 percent in 2009.
Goldman has not yet released details of its executives' pay for 2009.
Separately, Dimon on Wednesday acquired about $10 million in JPMorgan stock through exercising expiring options.
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