Company: WFC-PC
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000072971-25-000090
Chunk: 50

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 50
---
 2025 Proxy Statement65

#### Executive Compensation
| Individual Performance Achievement Level |     | 100% |

Ms. Engle joined the Company in August 2024. The HRC determined an annual target total compensation of $8.5 million, including a base salary rate of $1.5 million and $7 million total incentive opportunity for performance year 2024, which is subject to Company, individual, and risk performance.

The HRC, in determining Ms. Engle’s individual performance achievement level of 100%, evaluated Technology’s financial performance and Ms. Engle’s non-financial performance. In particular, the HRC considered Technology’s progress on expenses and significant improvements in end-user experience through the modernization of platforms, new vendor relationships, and the expansion of digital technology strategy and enhanced product offerings. The HRC also recognized Ms. Engle’s deep technology experience and strong team leadership in conjunction with Technology’s development across several strategic priorities, which included: continuing to drive work advancing the risk and control environment, and continuing to advance the talent initiatives across Technology.

#### 2024 Total Variable Compensation
| Company Performance |     |            |     |             |   |     | Individual Performance |     |            |     |             |   |     | Total       
 Performance 
 Achievement |     |   |     | Target       
 Variable     
 Compensation |     |   |     | Total        
 Variable     
 Compensation |
| Weighting           |     |            |     | Achievement |   |     | Weighting              |     |            |     | Achievement |   |     |             |     |   |     |              |     |   |     |              |
|                     |     | 50% x 113% |     |             | + |     |                        |     | 50% x 100% |     |             | = |     | 106.5%      |     | x |     | $7.0M        |     | = |     | $7.5M        |

#### 66Wells Fargo & Company

#### Executive Compensation
Long-Term Equity Compensation

Long-Term Equity

Similar to the annual cash bonus determination, long-term equity awards are determined as a percentage of total variable compensation. The HRC grants PSAs and RSRs to promote long-term performance and risk accountability. These objectives are achieved by subjecting long-term equity awards to our Clawback Policies , as applicable. The value ultimately realized from any long-term equity grant is also a function of