It’s expected that Dimon will remain CEO into 2026, when a special option award of 1.5 million shares of JPMorgan stock will vest. That grant has a “cliff” vesting—meaning that, subject to limited exceptions, he needs to be employed at the firm in 2026 to receive the stock options.

Long-serving JPMorgan Chase CEO Jamie Dimon can finally see his retirement on the horizon. At the company’s annual investor day on Monday, Dimon said he will step down in less than five years — but that the decision on succession is ultimately up to the New York-based bank’s board of directors.

Jamie Dimon - chief executive officer of JPMorgan Chase- told shareholders that the timetable of his retirement is “not five years anymore” when asked about how long he planned to remain at the top job.