Company: WFC-PC
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000072971-25-000090
Chunk: 54

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 54
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 periods prior to Mr. Scharf’s commencement of employment with Wells Fargo.

#### 68Wells Fargo & Company

#### Executive Compensation
Compensation Policies and Practices

### Risk Management and Accountability
Our executive compensation program reinforces effective risk management through risk-balancing features that discourage and mitigate excessive risk-taking and an accountability framework that, under defined conditions, enables the reduction, forfeiture, or clawback of compensation in the event NEOs’ actions, or inactions, result in specified negative outcomes for our Company.

To discourage imprudent risk-taking, the Company has embedded risk-balancing features throughout our executive compensation program. Additional information on our stock ownership requirements and anti-hedging/pledging policies are included in the Stock Ownership Policy and Stock Ownership Requirements and Other Policies sections of this proxy statement.

Risk-Balancing Features

| Pay Mix                  |     | •Appropriately balanced mix of base salary, annual cash bonus, and long-term equity                                                                                                                   
 •Base salaries provide fixed compensation and are not subject to achievement of annual goals                                                                                                          
 •Variable compensation (annual cash bonus and long-term equity) provides compensation opportunities measured by achievement of financial and non-financial performance goals, including risk outcomes |
| Performance Metrics      |     | •Used to encourage focus on sustained and holistic overall Company performance                                                                                                                        
 •Use of ROTCE and relative TSR performance measure in PSAs                                                                                                                                            |
| Performance Goals        |     | •Approved by our HRC and support our pay-for-performance philosophy                                                                                                                                   
 •Use of goals that span across Company and individual performance, including risk performance                                                                                                         |
| Long-Term Equity Awards  |     | •Designed to align management and shareholder interests by providing vehicles for NEOs to accumulate and maintain a meaningful ownership position in the Company                                      
 •Multi-year vesting with new awards granted each year to encourage continued retention, shareholder alignment, and accountability for risk-based performance outcomes                                 
 •PSA payout is based on achievement of financial performance metrics over a 3-year period following grant (or “re-earned”), and capped at 150% of target                                              |
| Risk Mitigation Policies |     | •Clawback Policies                                                                                                                                                                                    
 •Stock Ownership Policy for Operating Committee Members and Executive Officers                                                                                                                        
 •Anti-hedging and pledging policies                                                                                                                                                                   |

#### 2025 Proxy Statement69

#### Executive Compensation
Stock Ownership Policy

Our stock ownership policy requires all NEOs to own and accumulate a meaningful stake in the Company. This:

• Aligns our executives with long-term shareholder