In an example of the lucrative incentive packages awarded to some senior in-house lawyers, a series of recent Securities and Exchange Commission (SEC) filings show JPMorgan Chase general counsel Stephen Cutler has sold $5m (£3.7m) in company stock so far this year.
Last week Cutler disposed of 43,997 shares in the bank worth a combined $2.6m (£1.9m), leaving him with stock in the company worth more than $10m (£5.9m). Part of this holding results from his converstion in January of stock options in the bank worth $12.9m (£9.6m), awarding him 106,621 shares, which he still owns.
