Wells Fargo CEO Scharf awarded $31.2M total comp for 2024; EPS up 11% YoY

WELLS FARGO & COMPANY/MN

Board approved $31.2M total compensation for CEO Charles Scharf for 2024: $2.5M salary + $28.7M variable ($7.2M cash, $21.5M equity).
Diluted EPS was $5.37, up 11% from 2023; ~$25B returned to shareholders; quarterly dividend increased 15%.
Board cited progress on risk/control infrastructure, growth in fee revenue, and investments in credit cards, Premier, and CIB.
Equity awards structured 65% Performance Share Awards and 35% Restricted Share Rights, unchanged from 2022 program.
Full comp details to appear in 2025 proxy statement; CEO base salary unchanged at $2.5M since 2019.

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