Company: WFC-PC
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000072971-25-000090
Chunk: 45

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 45
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. For additional information, including a corresponding reconciliation to GAAP financial measures, see Notes on Non-GAAP Financial Measures on page 126.

#### 2025 Proxy Statement57

#### Executive Compensation
| Strategy, Technology, & Innovation                                                                                                                              
 Execute against key strategic priorities, including multi-year technology plan, for how we serve our customers and communities and drive operational excellence |     | •Advanced specific growth plans within each business and across functions; continued to make investments in our core businesses, increase market share and drive greater connectivity between Commercial Banking and CIB, to better serve existing Commercial Banking clients                                             
 •Made progress on key business initiatives, including platform modernization across core banking, lending, and payments; digital enhancements in payments and lending within VantageSMand PazeSM; and introduced five new credit cards to serve our consumers’ needs                                                      
 •Invested in the communities we serve, including donations to nonprofit organizations that align with our strategic funding priorities supporting housing affordability, small business growth, financial health, sustainability, and other community needs, and strengthened local communities through volunteer service 
 •Continued to advance our reputation through engagement with elected officials and community leaders to increase connectivity in the communities we serve; continued engagement with key stakeholders, including key customers, employee groups, the media, and investors                                                 
 •Continued to make progress on our ESG priorities through sustainable finance activities towards our goal to deploy $500 billion in sustainable finance by 2030 and continued integration of climate-related considerations into our risk management programs                                                             |
| Talent, Leadership, & Culture                                                                                                                                   
 Advance talent management strategy and manage with clear, transparent, and consistent communication                                                             |     | •Led significant progress for the Company across multiple areas; resulting in increased growth and improvements in how we serve our customers and communities                                                                                                                                                             
 •Continued to strengthen the leadership team and attract and develop top talent across the Company, including succession readiness, with three of the 16 Operating Committee members new to their roles in 2024 – Head of Public Affairs, Co-CEO of CIB, and Head of Technology                                           
 •Continued efforts to evolve the Company’s culture making it a better and simpler place to work; and introduced new career development and mobility resources                                                                                                                                                             |

| Individual Performance Achievement Level |     | 125% |

As mentioned previously, target total compensation for Mr. Scharf for performance year 2024 of $27 million remained unchanged from the prior year. The HRC, in determining Mr. Scharf’s individual achievement level of 125%, noted