Wells Fargo & Company CEO Timothy Sloan's 2018 pay rises 5% to $18.4M
Wells Fargo & Company reports 2018 executive compensation
Published: March 13, 2019
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 $11.8M, a 12% increase compared to previous year.Average pay of disclosed executives at Wells Fargo & Company
Timothy J. Sloan, Chief Executive Officer, received $18.4M in total, which increased by 5% compared to 2017. 75.98% of Sloan's compensation, or $14M, was in stock awards. Sloan also received $7.4K of change in pension value and nonqualified deferred compensation earnings, $2M in non-equity incentive plan, $2.4M in salary, as well as $19.3K in other compensation.
John R. Shrewsberry, Chief Financial Officer, received a compensation package of $12.5M, which increased by 5% compared to previous year. 73.83% of the compensation package, or $9.3M, was in stock awards.
Avid Modjtabai, Sr. EVP, Payments, Virtual Solutions, and Innovation, earned $10.4M in 2018, a 2% decrease compared to previous year.
Perry G. Pelos, Sr. EVP, Wholesale Banking, received $9M in 2018, which increases by 33% compared to 2017.
Mary T. Mack, Sr. EVP, Consumer Banking, earned $8.6M in 2018.