Jamie Dimon, JPMorgan Chase's chief executive officer, has taken $10 million in shares after exercising stock options that have accrued over the course of ten years.
He has taken on an additional 250,000 shares – a move he had to make before the stock expired in March.
The windfall comes on top of his 2009 pay packet, which is set to be revealed in the next few days and is estimated to stand between $15 and $20 million, reports the Financial Times.
JPMorgan Chase shares have increased in value by around 60 per cent over the course of the past 12 months but company insiders indicated that Mr Dimon has no immediate intention of selling his stock.
It is believed that he is also likely to forgo a cash bonus for the second year in a row to help fend off potential criticism of JPMorgan Chase's pay practices.
Last month, industry analysts predicted to the Telegraph that the firm's bonus pot will stand at around $29 billion.
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