secwatch.observer — SEC 8-K summary
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Issuer:     WELLS FARGO & COMPANY/MN (WFC)
CIK:        0000072971
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0000072971-25-000045
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72971/000007297125000045/0000072971-25-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72971/000007297125000045/wfc-20250128.htm
  HTML page:      https://secwatch.observer/filing/0000072971-25-000045

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