Company: WFC-PC
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000072971-25-000090
Chunk: 16

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 16
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 favor mandatory rotation of committee assignments or chair positions because it believes that experience and continuity are important for the effective operation of the Board’s committees. The GNC may recommend changes to committee membership based on committee needs, director experience and interest, and to provide for a succession plan for a committee chair.

The GNC also reviews each director nominee’s qualifications and experience as it evaluates the composition of each committee in light of the particular committee’s oversight responsibilities. The collective qualifications and experience of the nominees who sit on each committee are noted below under Board Committee Members and Oversight Responsibilities .

Each of our Board’s standing committees is composed entirely of independent directors. Each member of these committees in 2024 was independent and fulfilled the requirements applicable to each committee on which he or she served.

Committee Charters

Each Board committee’s charter is available on our website at: https://www.wellsfargo.com/about/corporate/governance/ .

As required by its charter, each of our committees annually reviews and assesses its charter’s adequacy, reviews its performance, and is responsible for overseeing reputation risk related to its responsibilities.

#### 2025 Proxy Statement25

#### Board and Governance Matters
Board Committee Members and Oversight Responsibilities

Our Board committees and their primary responsibilities are described below. Assuming they are re-elected at the Annual Meeting, effective April 29, 2025, Richard Davis and CeCe Morken will become members of the GNC and Mr. Davis will become the Chair of the GNC, and Wayne Hewett will rotate from the GNC to the Finance Committee and Mr. Hewett will become Chair of the Finance Committee. For more information on how our Board and its committees oversee strategy, risk management, and other key areas of oversight, see The Board’s Role and Responsibilities .

| Audit Committee                        |     |                                                                                                                                                                                                  |     |                                                                                                                        |
| Key Skills and Experiences Represented |     |                                                                                                                                                                                                  |     | Number of Meetings in 2024                                                                                             |
| Accounting, Financial Reporting        |     | Risk Management                                                                                                                                                                                  |     | 12meetings                                                                                                             
 (includes 1 joint meeting with the Risk Committee and 2 joint meetings with the Risk Committee’s Credit Subcommittee1) |
| Members                                
 Theodore F. Craver, Jr.Chair           
 Mark A. Chancy                         
 CeCelia G. Morken                      
 Ronald L. Sargent                      |     | Primary Responsibilities                                                                                                                                                                         
 •Oversees the integrity of our financial statements and the adequacy and reliability of disclosures, including