JPMorgan Chase & Co JPM.N> awarded Chief Executive Jamie Dimon restricted stock worth almost $8 million plus a package of 10-year stock options, according to an SEC filing on Friday.
Separately, Dimon will not receive a cash bonus for 2009, a spokesman said.
The 195,704 shares Dimon received on Wednesday are restricted until January 2013, while the 563,562 options expire in January 2020 and have an exercise price of $43.20, according to the filing.
Bankers' compensation has been a hot-button issue amid the financial crisis and Dimon also did not take a cash bonus in 2008.
The bank also disclosed restricted stock and option awards for other top executives.
JPMorgan shares closed at $38.35 on Thursday. The shares closed at $40.29 on Wednesday, when the stock and options were granted.
(Reporting by Elinor Comlay, editing by Dave Zimmerman)