Company: WFC-PC
Filing Date: 2025-04-02
Form Type: PX14A6G
Source: 0001214659-25-005207
Chunk: 0

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-02
Form: PX14A6G
Chunk 0
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<div align='center'>SECURITIES & EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

NOTICE OF EXEMPT SOLICITATION (VOLUNTARY SUBMISSION)</div>

NAME OF REGISTRANT: Wells Fargo & Company

NAME OF PERSON RELYING ON EXEMPTION: SOC Investment Group

ADDRESS OF PERSON RELYING ON EXEMPTION: 1707 L Street,
N.W., Suite 350, Washington, D.C. 20036

Written materials are submitted pursuant to Rule 14a-6(g)(1) promulgated under the Securities Exchange Act of 1934:

April 1, 2025

Please vote AGAINST the Advisory Vote to Approve Named Executive Officer Compensation (Item 2) at the Wells Fargo & Company (NYSE: WFC) annual meeting on April 29, 2025.

Dear Wells Fargo Shareholder:

We urge you to Vote No on Item 2 (“Say on Pay”) at this
year’s Annual Meeting of Shareholders on April 29, 2025. As we detail below, while Wells Fargo’s share price performed well
during 2024, all other indicators – including both the adjusted and unadjusted financial metrics on which the Human Resources Committee
relies to assess company and executive performance – show stagnation and decline. Nevertheless, executives received substantial
raises above their 2024 pay, with CEO Charles W. Scharf receiving total reported pay of $30 million, an increase of $4.3 million or 17%
year-over-year. Moreover, Wells Fargo’s long-term growth depends critically on both transforming, and being seen by the public and
regulators to have transformed, the long-ingrained human capital management practices that led to the false account scandal revealed in
the fall of 2016. While some of these limitations have been removed, others were imposed in 2024, and the most significant of these limitations
– the Federal Reserve’s cap on the bank’s total assets – remains in place. We believe the excessive rewards for
short-term share price performance warrant a “no” vote on the proposed compensation package this year.

The SOC Investment Group works with pension funds sponsored by unions
affiliated with the Strategic Organizing Center, a coalition of unions representing millions of members, to enhance long term shareholder
value through active ownership. These funds have over $250 billion in assets under management and are Wells Fargo shareholders. We previously
engaged with the Company during the