Company: WFC-PC
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000072971-25-000090
Chunk: 46

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 46
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 his strong leadership in: making significant progress in strengthening the Company’s risk and control infrastructure, which remains the Company’s number-one priority; driving strong financial performance, including continuing to improve the Company’s earnings capacity through increased fee revenue, a focus on efficiency, and increased capital return to shareholders; delivering Company reported diluted earnings per share of $5.37, an 11% increase from 2023; returning approximately $25 billion of capital to shareholders, including increasing the common stock dividend per share by 15%; and investing in our businesses to drive growth and returns through a number of key initiatives.

Based on its evaluation of Company and Mr. Scharf’s individual performance, the HRC recommended to the Board, and the Board approved, total compensation of $31.2 million for performance year 2024.

#### 2024 Total Variable Compensation
| Company Performance |     |            |     |             |   |     | Individual Performance |     |            |     |             |   |     | Total       
 Performance 
 Achievement |     |   |     | Target       
 Variable     
 Compensation |     |   |     | Total        
 Variable     
 Compensation |
| Weighting           |     |            |     | Achievement |   |     | Weighting              |     |            |     | Achievement |   |     |             |     |   |     |              |     |   |     |              |
|                     |     | 65% x 113% |     |             | + |     |                        |     | 35% x 125% |     |             | = |     | 117.2%      |     | x |     | $24.5M       |     | = |     | $28.7M       |

#### 58Wells Fargo & Company

#### Executive Compensation
| Michael P. Santomassimo                                                                                                                                                                                                                             |     | Senior EVP, Chief Financial Officer |     | 2024 Total Compensation |
| As Chief Financial Officer, Mr. Santomassimo is responsible for the Company’s financial management functions, including accounting and control, financial planning and analysis, investor relations, asset liability management, treasury, and tax. 
 In determining Mr. Santomassimo’s 2024 variable compensation award, the HRC focused on the performance below.                                                                                                                                       |     |                                     |     |                         |

| Categories of Goals                                                                                                                                             |     | 2024 Performance Highlights                                                                                                                                                                                |
| Risk, Regulatory, & Control                                                                                                                                     
 Execute against milestones to reduce