XML 106 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
(a)
Summary
Compensation
Table Total
for PEO1
(b)
Compensation
Actually Paid
to PEO2
(c)
Average
Summary
Compensation
Table Total for
Non-PEO NEOs3
(d)
Average
Compensation
Actually Paid to
 Non-PEO NEOs4
(e)
 Value of Initial Fixed $100
Investment Based On:
Net
Income
(millions)7
(h)
ROTCE8
(i)
Total
Shareholder
Return5
(f)
Peer Group
Total
 Shareholder
Return6
(g)
2024$30,313,559 $70,403,899 $19,390,030 $28,805,742 $149 $133 $19,722 13 %
2023$25,966,198 $36,448,161 $11,930,209 $17,586,984 $102 $97 $19,142 13 %
2022$24,642,526 $15,956,505 $12,217,547 $9,792,515 $83 $98 $13,182 %
2021$21,350,906 $46,809,640 $9,852,063 $17,287,555 $94 $124 $21,548 14 %
2020$20,392,046 $3,385,466 $10,573,259 $6,243,215 $58 $90 $3,377 %
       
Company Selected Measure Name ROTCE        
Named Executive Officers, Footnote The dollar amounts reported in column (b) are the amounts reported for Mr. Scharf, our CEO (referred to in the table and related information as the “PEO” or principal executive officer), for each corresponding year in the Total Compensation column of the Summary Compensation Table. Refer to the 2024 Summary Compensation Table.The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s NEOs as a group (excluding Mr. Scharf) in the Total Compensation column of the Summary Compensation Table in each applicable year. The names of each of the NEOs included for these purposes in each applicable year are as follows: (i) for 2024, Michael Santomassimo, Jonathan Weiss, Fernando Rivas, Bridget Engle; (ii) for 2023, Michael Santomassimo, Jonathan Weiss, Scott Powell, Barry Sommers; (iii) for 2022, Michael Santomassimo, Jonathan Weiss, Mary Mack, Scott Powell; (iv) for 2021, Michael Santomassimo, Scott Powell, Jonathan Weiss, Ather Williams III; and (v) for 2020, Michael Santomassimo, John Shrewsberry, Mary Mack, Lester Owens, Scott Powell.        
Peer Group Issuers, Footnote The peer group used for this purpose is the KBW Nasdaq Bank Index.        
PEO Total Compensation Amount $ 30,313,559 $ 25,966,198 $ 24,642,526 $ 21,350,906 $ 20,392,046
PEO Actually Paid Compensation Amount $ 70,403,899 36,448,161 15,956,505 46,809,640 3,385,466
Adjustment To PEO Compensation, Footnote The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Mr. Scharf, as computed in accordance with Item 402(v) of Regulation S-K and do not reflect the total compensation actually realized or received by Mr. Scharf. In accordance with these rules, these amounts reflect total compensation as set forth in the Summary Compensation Table, adjusted as shown below for 2024. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant.
Compensation Actually Paid to PEO2024
Summary Compensation Table Total$30,313,559
Less, value of Stock Awards reported in Summary Compensation Table-$20,372,110
Less, Change in Pension Value reported in Summary Compensation Table$0
Plus, year-end fair value of outstanding and unvested equity awards granted in the year$30,351,092
Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years$24,003,735
Plus, fair value as of vesting date of equity awards granted and vested in the year$0
Plus (less), year over year change in fair value of equity awards granted in prior years that vested in the year$6,107,623
Less, prior year-end fair value for any equity awards forfeited in the year$0
Plus, pension service cost for services rendered during the year$0
Compensation Actually Paid to Mr. Scharf$70,403,899
       
Non-PEO NEO Average Total Compensation Amount $ 19,390,030 11,930,209 12,217,547 9,852,063 10,573,259
Non-PEO NEO Average Compensation Actually Paid Amount $ 28,805,742 17,586,984 9,792,515 17,287,555 6,243,215
Adjustment to Non-PEO NEO Compensation Footnote The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Scharf), as computed in accordance with Item 402(v) of Regulation S-K. In accordance with these rules, these amounts reflect total compensation as set forth in the Summary Compensation Table, adjusted as shown below for 2024. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant.
Average Compensation Actually Paid to Non-PEO NEOs2024
Average Summary Compensation Table Total$19,390,030
Less, average value of Stock Awards reported in Summary Compensation Table-$13,201,355
Less, average Change in Pension Value reported in Summary Compensation Table-$3,208
Plus, average year-end fair value of outstanding and unvested equity awards granted in the year$16,691,350
Plus (less), average year over year change in fair value of outstanding and unvested equity awards granted in prior years$4,966,328
Plus, average fair value as of vesting date of equity awards granted and vested in the year$0
Plus (less), average year over year change in fair value of equity awards granted in prior years that vested in the year$962,597
Less, average prior year-end fair value for any equity awards forfeited in the year$0
Plus, average pension service cost for services rendered during the year$0
Average Compensation Actually Paid to Non-PEO NEOs$28,805,742
       
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid vs. TSR1
1319
gCompensation
Actually Paid to PEO
g
Average Compensation
Actually Paid to NEOs
(excluding PEO)
g
Wells Fargo
TSR
g
Peer Group
TSR
Cumulative Total Shareholder Return (TSR) is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end of each fiscal year shown and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. The beginning of the measurement period for each year is the closing price on December 31, 2019.
       
Compensation Actually Paid vs. Net Income
Compensation Actually Paid vs. Net Income
1365
g
Compensation
Actually Paid to PEO
g
Average Compensation
Actually Paid to NEOs
(excluding PEO)
gNet Income
       
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid vs. ROTCE
1406
g
Compensation
Actually Paid to PEO
g
Average Compensation
Actually Paid to NEOs
(excluding PEO)
gROTCE
       
Total Shareholder Return Amount $ 149 102 83 94 58
Peer Group Total Shareholder Return Amount 133 97 98 124 90
Net Income (Loss) $ 19,722,000,000 $ 19,142,000,000 $ 13,182,000,000 $ 21,548,000,000 $ 3,377,000,000
Company Selected Measure Amount 0.13 0.13 0.09 0.14 0.01
PEO Name Mr. Scharf        
Additional 402(v) Disclosure Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period (assuming dividend reinvestment stock splits, reverse stock splits, and other extraordinary transactions) and the difference between the Company’s share price at the end of each fiscal year shown and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period. The beginning of the measurement period for each year in the table is the closing price on December 31, 2019. The amounts reported are from the Company’s audited financial statements for the applicable year.        
Measure:: 1          
Pay vs Performance Disclosure          
Non-GAAP Measure Description ROTCE is a non-GAAP financial measure. For additional information, including a corresponding reconciliation to GAAP financial measures, see Notes on Non-GAAP Financial Measures.        
PEO | Stock Awards Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (20,372,110)        
PEO | Change in Pension Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Equity Awards Granted During the Year, Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 30,351,092        
PEO | Equity Awards Granted in Prior Years, Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 24,003,735        
PEO | Equity Awards Granted During the Year, Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Equity Awards Granted in Prior Years, Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,107,623        
PEO | Equity Awards that Failed to Meet Vesting Conditions [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Pension Adjustments, Service Cost [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Stock Awards Adjustments [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (13,201,355)        
Non-PEO NEO | Change in Pension Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,208)        
Non-PEO NEO | Equity Awards Granted During the Year, Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 16,691,350        
Non-PEO NEO | Equity Awards Granted in Prior Years, Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,966,328        
Non-PEO NEO | Equity Awards Granted During the Year, Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Equity Awards Granted in Prior Years, Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 962,597        
Non-PEO NEO | Equity Awards that Failed to Meet Vesting Conditions [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Pension Adjustments, Service Cost [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0