Company: WFC-PC
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000072971-25-000090
Chunk: 52

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 52
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%   |     |                                                  |     | 50%  |     |        |     | 25th percentile  |                |     |                  |     | 50%  |     |        |
|                |     | 13.25% |     |                                                  |     | 100% |     |        |     | 50th percentile  |                |     |                  |     | 100% |     |        |
|                |     | ≥14.5% |     |                                                  |     | 150% |     |        |     | ≥75th percentile |                |     |                  |     | 150% |     |        |

Both payout scales use linear interpolation between defined performance and payout levels.

#### 2025 Proxy Statement67

#### Executive Compensation
| Additional Performance Conditions |     | •TSR1performance modifier adjusts the ultimate payout by 20% (positively or negatively) if relative TSR results are above the 75thpercentile or below the 25thpercentile, respectively 
 •Payout is capped at 150% of target, and there will be no upward adjustment for the TSR modifier if our absolute TSR over the three-year performance period is negative                
 •For any year in the performance period that our Company incurs a Net Operating Loss (NOL)2, the target number of PSAs will be reduced by one third                                    |
| Vesting Period                    |     | •PSAs cliff vest after a three-year performance period aligning with long-term shareholder interests                                                                                   |
| Risk Balancing Features           |     | •Awards are subject to reduction, forfeiture, and clawback under the Company’s ClawbackPolicies, as applicable                                                                         |

1. Refer to Additional Information , Note 6 for a further discussion of TSR.

2. Refer to Additional Information , Note 5 for a further discussion of NOL.

2022 PSA Payout

The HRC certified payout of the 2022 PSAs in the first quarter of 2025, following the completion of the three-year performance period on December 31, 2024.

| Absolute ROTCE  
 (75% Weighting) |     |        |     | Relative ROTCE   
 (25% Weighting)  |     |        |     |         |     |      |
|                 |     | Payout |     |                  |     | Payout |     |         |     |      |
| <5.0%           |     | 0%