Company: WFC-PC
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000072971-25-000090
Chunk: 79

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 79
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, and the difference between the Company’s share price at the end of each fiscal year shown and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. The beginning of the measurement period for each year is the closing price on December 31, 2019.

| 2025 Proxy Statement |     | 87 |

Director Compensation

Structure of Our Director Compensation Program

2024Cash Compensation

The following table shows the cash components of our non-employee director compensation program in 2024. Cash retainers and fees are paid quarterly in arrears. Any non-employee director who joins the Board during the year receives a prorated annual cash retainer.

| Annual Cash Component                                           |     | Amount ($)                            |         |
| Cash Retainer                                                   |     |                                       | 100,000 |
| Committee/Subcommittee Chair Retainers                          |     |                                       |         |
| Each of Audit Committee, Risk Committee and HRC1                |     |                                       |  50,000 |
| Each of CRC, Finance Committee, and GNC                         |     |                                       |  25,000 |
| Regular or Special Board or Committee/Subcommittee Meeting Fee2 |     | 2,000                                 
 per meeting, in excess of 12 meetings |         |

1. The Credit Subcommittee was reintegrated into the Risk Committee in 2024. Mr. Payne received a prorated cash retainer of $3,333 for his time as Chair of the Credit Subcommittee.

2. Includes standing committee/subcommittee meetings, as well as special purpose committee meetings not held concurrently with or immediately prior to or following a Company Board or committee/subcommittee meeting.

Directors of the Bank Board received an additional $10,000 annual cash retainer, and the chair of the Bank Board received an annual fee of $25,000, each payable quarterly in arrears. The RCOC chair also received a total chair fee of $10,000.

2024 Equity Compensation

For 2024, each non-employee director elected to our Board at our Company’s annual meeting of shareholders received on that date an equity award having a value of $240,000. The dollar value of each equity award was converted to a number of RSRs using the closing price on the grant date, rounded up to the nearest whole share unit. We require deferral of these RSRs until a director leaves the Board or later, if elected by the director. Upon initial election to the Board,