Company: WFC-PC
Filing Date: 2025-04-02
Form Type: PX14A6G
Source: 0001214659-25-005207
Chunk: 4

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-02
Form: PX14A6G
Chunk 4
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 significant
misalignment of pay and performance for 2024.

Conclusion

As Wells Fargo seeks to fully emerge from the regulatory limitations
imposed by regulators as a result of the false accounts scandal and related compliance deficiencies, we believe that a credible approach
to human capital management is key. Unfortunately, this year the Board of Directors and the Human Resources Committee rewarded executives
with a level of pay unjustified by the objective performance measures cited in the HRC’s report. Consequently, we urge shareholders
to VOTE NO on Item 2, the Advisory Resolution to Approve Executive Pay.

<div align='center'>THIS IS NOT A PROXY SOLICITATION AND NO PROXY CARDS WILL BE ACCEPTED

Please execute and return your proxy card according to Wells Fargo’s instructions.</div>