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TMCNet:  BRIEF: Wells Fargo CEO gets $1M in stock as part of 2013 pay [The Charlotte Observer :: ]

[February 27, 2014]

BRIEF: Wells Fargo CEO gets $1M in stock as part of 2013 pay [The Charlotte Observer :: ]

(Charlotte Observer (NC) Via Acquire Media NewsEdge) Feb. 28--Wells Fargo's CEO received a bonus of $1 million in restricted stock as part of his 2013 compensation, the bank said Thursday.

John Stumpf received 21,702 shares on Tuesday, the bank said in a securities filing. The shares closed Tuesday at $46.08.

The award gives a glimpse of Stumpf's total 2013 compensation. More details on his total pay, including any cash bonuses, will be disclosed in the bank's annual proxy filing, which is expected in March. Compensation for the bank's other top executives will also be disclosed at that time.


Stumpf's 2012 compensation package was worth $19.3 million, including a base salary of $2.8 million. Tuesday's bonus matched the $1 million in stock awarded to Stumpf a year ago.

___ (c)2014 The Charlotte Observer (Charlotte, N.C.) Visit The Charlotte Observer (Charlotte, N.C.) at www.charlotteobserver.com Distributed by MCT Information Services

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