Company: WFC-PC
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000072971-25-000090
Chunk: 43

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 43
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ible Common Equity ( ROTCE ). The Company maintained disciplined expense management through efficiency initiatives, including reducing headcount by 4%. The Company returned approximately $25 billion of capital to our shareholders, including repurchasing $20 billion of common stock, up 64% from the prior year, and increasing the common stock dividend per share by 15%.

The Company also made significant progress on key non-financial areas, including continuing to strengthen the risk and control infrastructure, investing in new products and services to better serve our customers and advance our business strategy, and supporting the communities we serve, including donations to nonprofits in support of housing, small business, financial health, sustainability and other community needs.

The HRC considered key financial and non-financial performance criteria in evaluating 2024 Company performance as detailed within the Financial Performance and Non-Financial Performance sections below.

#### 2025 Proxy Statement53

#### Executive Compensation

### Financial Performance
Below are the key financial results reviewed by the HRC, which together with our non-financial results (discussed below) informed the HRC’s assessment of Company performance as an input into the compensation outcomes for 2024. Similar to prior years, the HRC concluded it was important to review financial performance on an as reported and adjusted basis to take into account the impact of certain notable items described below. The HRC believed it was useful to consider adjustments for notable items that occurred during 2024 and 2023 to better assess the Company’s underlying financial performance for 2024, including as compared with 2023.

The adjusted results featured in the tables below exclude the impact of the following notable items: the FDIC special assessment of $243 million (pre-tax) in 2024 and $1.9 billion (pre-tax) in the fourth quarter of 2023.

| Revenue (billions)    |     | Noninterest Expense (billions) |     | Pre-Tax Pre-Provision Profit1(billions) |
| Net Income (billions) |     | Diluted EPS                    |     | ROE2                                    |
| ROTCE3                |     | CET1 Ratio4                    |     | Efficiency Ratio5                       |

| n |     | Reported |     | n | Adjusted* |

|              |     | Total Shareholder Return (TSR)6 |     |            |     |              |     |                |     |            |     |              |     |                |     |            |
| 1-Year TSR   |     |                                 |