Wells Fargo & Company CEO Charles Scharf's 2021 pay rises 5% to $21M
Wells Fargo & Company reports 2021 executive compensation
By ExecPay News
Published: March 14, 2022
Wells Fargo & Company reported fiscal year 2021 executive compensation information on March 14, 2022.
In 2021, five executives at Wells Fargo & Company received on average a compensation package of $12M, a 15% decrease compared to previous year.
Average pay of disclosed executives at Wells Fargo & Company
Charles W. Scharf, Chief Executive Officer, received $21M in total, which increased by 5% compared to 2020. 63% of Scharf's compensation, or $13M, was in stock awards. Scharf also received $5.4M in non-equity incentive plan and $2.5M in salary.
For fiscal year 2021, the median employee pay was $73,578 at Wells Fargo & Company. Therefore, the ratio of Charles W. Scharf's pay to the median employee pay was 290 to one.
Michael P. Santomassimo, Chief Financial Officer, received a compensation package of $12M, which increased by 48% compared to previous year. 63% of the compensation package, or $7.5M, was in stock awards.
Scott E. Powell, Chief Operating Officer, earned $9.3M in 2021, a 36% decrease compared to previous year.
Ather Williams III, Senior EVP, Head of Strategy, Digital Platform, and Innovation, received $9.1M in 2021.
Jonathan G. Weiss, Chief Executive Officer, earned $9M in 2021.
Related executives
Charles Scharf
Wells Fargo & Company
Chief Executive Officer
Michael Santomassimo
Wells Fargo & Company
Chief Financial Officer
Scott Powell
Wells Fargo & Company
Chief Operating Officer
Jonathan Weiss
Wells Fargo & Company
Chief Executive Officer
Ather Williams
Wells Fargo & Company
Senior EVP, Head of Strategy, Digital Platform, and Innovation
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Source: SEC filing on March 14, 2022.