Company: WFC-PC
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000072971-25-000090
Chunk: 49

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 49
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 inclusive environment and culture, focused on best practices, and opportunities                                                                                                                                                                                                       |

#### 2025 Proxy Statement63

#### Executive Compensation
| Individual Performance Achievement Level |     | 100% |
| Business Performance Achievement Level   |     | 110% |

Mr. Rivas joined the Company in May 2024. The HRC determined an annual target total compensation of $14.5 million, including a base salary rate of $1.5 million and $12.75 million total incentive opportunity for performance year 2024, which is subject to Company, individual, and risk performance.

The HRC, in determining Mr. Rivas’ individual performance achievement level of 100%, and business performance achievement of 110%, evaluated CIB’s financial performance and Mr. Rivas’ non-financial performance. In particular, the HRC considered CIB’s relatively strong performance, with year-over-year growth in revenue, noninterest income and net income, continued focus on expenses to partially offset further investment in CIB, and maintaining market-leading positions in key businesses while improving market share in Investment Banking and Markets, Commercial Banking and WIM relationships. In addition, the HRC recognized Mr. Rivas’ leadership across several strategic priorities, which included: transforming and executing against CIB’s long-term business plan and corresponding strategic growth initiatives, including demonstrating an appropriate balance between risk and return during use of Company balance sheet; filling roles aligned to key business priorities to position CIB for growth; driving improvements in issue management and control effectiveness; and advancing talent management priorities.

#### 2024 Total Variable Compensation
| Company     
 Performance |     |             |   |     | Business    
 Performance |     |             |   |     | Individual  
 Performance |     |             |   |     | Total       
 Performance 
 Achievement |     |   |     | Target       
 Variable     
 Compensation |     |   |     | Total        
 Variable     
 Compensation |
| Weighting   |     | Achievement |   |     | Weighting   |     | Achievement |   |     | Weighting   |     | Achievement |   |     |             |     |   |     |              |     |   |     |              |
| 30% x 113%  |     |             | + |     | 20% x 110%  |     |             | + |     | 50% x 100%  |     |             | = |     | 105.9%      |     | x |     | $12.