Wells Fargo said the independent members of the Board of Directors, based on the recommendation of the Board's Human Resources Committee, approved Chairman and CEO Charles W. Scharf's total compensation of $40 million for performance year 2025.

1. 01

   Wells Fargo said the independent members of the Board of Directors, based on the recommendation of the Board's Human Resources Committee, approved Chairman and CEO Charles W. Scharf's total compensation of $40 million for performance year 2025.

2. 02

   The company said Scharf's compensation consists of a base salary of $2.5 million and total variable compensation of $37.5 million, comprised of $9.375 million in cash and $28.125 million in long-term equity.

3. 03

   Wells Fargo said of Scharf's long-term equity compensation of $28.125 million, 65% is comprised of Performance Share awards (PSAs) and 35% is comprised of Restricted Share Rights awards (RSRs).

4. 04

   The company said the Board noted net income of $21.3 billion in 2025, diluted earnings per share growing 17% from a year ago, return on equity of 12.4% in 2024 (up from 11.4%), and capital returned to shareholders of approximately $23 billion, including $18 billion in common stock repurchases.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.