Company: WFC-PC
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000072971-25-000090
Chunk: 47

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 47
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 and other communication channels                                        |

| Individual Performance Achievement Level |     | 110% |

As mentioned previously, the HRC approved a new target total compensation of $13 million at the beginning of performance year 2024, compared to prior year target total compensation of $11 million. The HRC made this change based on its review of market pay levels as well as Mr. Santomassimo’s performance and responsibilities. The HRC, in determining Mr. Santomassimo’s individual performance achievement level of 110%, evaluated the Company’s financial results considering the 2024 market and economic environment, including maintaining a strong capital position, sustaining expense and credit discipline, and driving the right balance between efficiency and growth initiatives. In addition, Mr. Santomassimo continued to manage the balance sheet to support customers and optimize returns while operating within the constraints of the asset cap.

#### 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 110% |     |             | = |     | 111.5%      |     | x |     | $11.25M      |     | = |     | $12.5M       |

#### 60Wells Fargo & Company

#### Executive Compensation
| Categories of Goals                                                                                                                                             |     | 2024 Performance Highlights                                                                                                                                                                                                                                                                                                                     |
| Risk, Regulatory, & Control                                                                                                                                     
 Execute against milestones to reduce outstanding regulatory deliverables, and continue to strengthen risk and control infrastructure                            |     | •Engaged with independent risk management (IRM) leadership to drive further enhancements in issue management and control effectiveness                                                                                                                                                                                                          
 •Demonstrated an appropriate balance between risk and return, with strong focus on managing compliance risk within risk appetite                                                                                                                                                                                                                
 •Set strong tone from the top on expectations of risk management within CIB                                                                                                                                                                                                                                                                     |
| Financial                                                                                                                                                       
 Deliver financial results and make progress on