Wells Fargo & Company reports 2018 executive compensation
CEO Timothy J. Sloan receives $18.4M
Wells Fargo & Company reported fiscal year 2018 executive compensation information on March 13, 2019.
In 2018, five executives at Wells Fargo & Company received on average a compensation package of $11,786,008, a 12% increase compared to previous year.Average pay of disclosed executives at Wells Fargo & Company
Timothy J. Sloan, Chief Executive Officer, received $18,426,734 in total, which increased by 5% compared to 2017. 75.98% of Sloan's compensation, or $14,000,056, was in stock awards. Sloan also received $7,428 of change in pension value and nonqualified deferred compensation earnings, $2,000,000 in non-equity incentive plan, $2,400,000 in salary, as well as $19,250 in other compensation.
John R. Shrewsberry, Chief Financial Officer, received a compensation package of $12,528,858, which increased by 5% compared to previous year. 73.83% of the compensation package, or $9,250,013, was in stock awards.
Avid Modjtabai, Sr. EVP, Payments, Virtual Solutions, and Innovation, earned $10,387,246 in 2018, a 2% decrease compared to previous year.
Perry G. Pelos, Sr. EVP, Wholesale Banking, received $8,986,708 in 2018, which increases by 33% compared to 2017.
Mary T. Mack, Sr. EVP, Consumer Banking, earned $8,600,493 in 2018.