Wells Fargo board approves bank CEO compensation of $40 million, a 28% jump [Yahoo! Finance]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Yahoo! Finance
That's up more than 28%, or $8 million, from his $31.2 million total in 2024. The compensation increase, detailed in Thursday's 8-K filing with the Securities and Exchange Commission , follows what the San Francisco-based bank's board described as a “rigorous and holistic assessment of company and individual performance.” Scharf's new package includes a base salary of $2.5 million, with the remaining $37.5 million from $9.37 million in cash and $28.12 million in long-term equity. The equity component is split into 65% performance share awards and 35% restricted share rights awards. Wells Fargo declined a request for comment Friday. Wells Fargo is the fourth-largest bank in the U.S. , with over $1.7 trillion in assets. Charlotte is Wells Fargo's biggest employment hub, with about 27,000 workers among its 215,000 total employees. Scharf joined Wells Fargo in 2019, when the bank was grappling with the fallout from its 2016 fake sales scandal . Hundreds of thousands of bank employe
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WFC
Earnings
- 1/14/26 - Miss
WFC
Sec Filings
- 2/5/26 - Form 424B2
- 2/5/26 - Form 424B2
- 2/4/26 - Form 424B2
- WFC's page on the SEC website