Jamie Dimon, chief executive of JPMorgan Chase, saw his total 2016 compensation increase by $1 million, or 3.7 percent, to $28 million, a bank filing on Thursday revealed.

Most of Dimon’s compensation is in JPMorgan shares that vest over several years. He received $1.5 million in salary and a $5 million cash bonus.

While the package, approved by the board, still needs to be ratified by shareholders, it is expected to pass.

Last week, JPMorgan reported a 24 percent increase in fourth-quarter profits, boosted by a blowout in trading following the election. The bank’s profits rose 1 percent for the year, to $24.7 billion — an all-time record for the bank.

JPM shares are up 46 percent over the last 12 months

Early last year, Dimon made what turned out to be an enormously successful bet when he plunked down $26.6 million to buy 500,000 shares while the bank was at a 52-week low. Those shares are now worth $41.7 million.

All in all, Dimon, 60, owns about 6.7 million shares, totaling $558.11 million.

Last year, Dimon received a 35 percent raise, to $27 million.

Shares of the company fell 64 cents on Thursday, to $83.30, amid a broader market sell-off.