Company: WFC-PC
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000072971-25-000090
Chunk: 42

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 42
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 by the HRC to determine total performance achievement. CEO and other NEO variable compensation is then determined using each NEO’s target variable compensation and total achievement level. The total variable compensation process is illustrated below.

| Total Performance      
 Achievement %          
 (see weightings below) |     | X |     | Target VariableCompensation |     | = |     | Total Variable 
 Compensation   |

Total Performance Achievement % Weightings:

|                    |     | Company % |     | Individual % |     | Business Line %(as applicable) |
| CEO                |     | 65%       |     | 35%          |     | N/A                            |
| Functional NEOs    |     | 50%       |     | 50%          |     | N/A                            |
| Business Line CEOs |     | 30%       |     | 50%          |     | 20%                            |

Once the total variable compensation is determined, it is delivered through a pre-set pay mix. Refer to the 2 02 4 Named Executive Officer Compensation section below for individual NEO achievement level weightings used by the HRC to determine variable compensation.

#### 52Wells Fargo & Company

#### Executive Compensation
2024 Named Executive Officer Compensation

2024 Company Performance

Company performance was a key input into the determination of NEOs’ 2024 variable compensation. The HRC considered financial and non-financial performance criteria in evaluating 2024 Company performance. The HRC then assigned an overall Company performance achievement level, as discussed in more detail below.

### Our Performance in Relation to our Business Strategy
The Company continued to make progress in transforming our business, while strengthening our risk and control infrastructure, investing for the future, doing what is right for our customers, and demonstrating and reinforcing our commitments to our employees, communities, and other stakeholders.

As mentioned previously, the HRC assessed 2024 Company performance using the following performance categories:

| Risk,       
 Regulatory, 
 & Control   |     | Financial |     | Operational Excellence |     | Customer-Centric Culture & Conduct |     | Technology   
 & Innovation |     | Community Engagement |     | Talent & Leadership |

### Business Results
The Company delivered strong business results in 2024 in key performance metrics: revenue of $82.3 billion, pre-tax pre-provision profit of $27.7 billion, net income of $19.7 billion, and diluted EPS of $5.37 as well as improved performance in Return on Equity ( ROE ) and Return on Tang