Wells Fargo & Company · NYSE:WFC
Wells Fargo & — Shareholder Meeting (April 2022)
15 slides from Wells Fargo &'s shareholder meeting presentation, Apr 15, 2022
Slide 1: Investor Presentation Spring 2022
Investor Presentation Spring 2022 © 2022 Wells Fargo Bank, N.A. All rights reserved.
Slide 2: Executive Summary
Executive Summary • Wells Fargo enhanced its engagement efforts and discussed key topics of interest to our investors, including potential changes to our executive compensation program and enhancements to our disclosure. • The Board’s composition and leadership is a result of our thoughtful refreshm
Slide 3: Investor Engagement Program Overview
See Proxy, pages 3 to 5, for more information on our investor engagement program Investor Engagement Program Overview Wells Fargo enhanced its engagement efforts and discussed key topics of interest to our investors, including potential changes to our executive compensation program and enhancements
Slide 4: Diverse and Experienced Board of Directors
See Proxy, pages 7 to 13, for full biographies on our nominees and page 17 for information on their qualifications and experience Diverse and Experienced Board of Directors The Board’s composition and leadership is a result of our thoughtful refreshment, evaluation process and succession planning; w
Slide 5: 2021 Financial Performance Overview
See Proxy, page 74, for more information on our 2021 financial performance 2021 Financial Performance Overview Wells Fargo's execution on strategic priorities, including a continued focus on efficiency improvements, a recovering economy, and our ongoing work to put legacy issues behind us contribute
Slide 6: Responsive Compensation Changes
See Proxy, pages 63 to 87, for our full Compensation Discussion and Analysis Responsive Compensation Changes The HRC closely studied and discussed shareholder feedback in evaluating potential changes to the executive compensation program, ultimately approving several structural changes to our progra
Slide 7: Total Variable Incentive Compensation Process
See Proxy, pages 72 to 73 for more information on the performance assessment and variable incentive determination process Total Variable Incentive Compensation Process The performance assessment and variable incentive determination process aligns incentive compensation with performance and prudent r
Slide 8: Overview of the 2022 Long-Term Incentive Plan Proposal
See Proxy, pages 100 to 106, for our full discussion on our 2022 Long-Term Incentive Plan Overview of the 2022 Long-Term Incentive Plan Proposal Our long-term incentive plan aligns interests of plan participants with shareholders, facilitates retention, and rewards performance over the long-term; ap
Slide 9: Robust Oversight of ESG Priorities
See our ESG Report for more information on oversight of our ESG and DE&I efforts Robust Oversight of ESG Priorities Robust Board oversight and governance structures provide accountability for, and leadership over, ESG and DE&I efforts. Board Oversight Senior Leadership Our Board believes that its st
Slide 10: Ongoing Focus on Risk Management Oversight
See Proxy, pages 31 to 34, and our Environmental and Social Risk Management Framework Ongoing Focus on Risk Management Oversight We measure and manage risk as part of our business, including in connection with the products and services we offer to our customers. Our top priority is to strengthen our
Slide 11: The Board Recommends a Vote AGAINST Each Shareholder Proposal
See Proxy, pages 114 and 116 to The Board Recommends a Vote AGAINST Each 117, for full opposition statements Shareholder Proposal Shareholder Key Reasons Why the Request in the Shareholder WFC Policies / Disclosures Already in Place that Proposal Proposal is Not Appropriate or Necessary Address Thes
Slide 12: The Board Recommends a Vote AGAINST Each Shareholder Proposal
See Proxy, pages 119 and 125 to The Board Recommends a Vote AGAINST Each 126, for full opposition statements Shareholder Proposal Shareholder Key Reasons Why the Request in the Shareholder WFC Policies / Disclosures Already in Place that Proposal Proposal is Not Appropriate or Necessary Address Thes
Slide 13: The Board Recommends a Vote AGAINST Each Shareholder Proposal
See Proxy, pages 123, 121, and 127 to 128, for full opposition The Board Recommends a Vote AGAINST Each statements Shareholder Proposal Shareholder Key Reasons Why the Request in the Shareholder WFC Policies / Disclosures Already in Place that Proposal Proposal is Not Appropriate or Necessary Addres
Slide 14: Forward-Looking Statements and Website References
Forward-Looking Statements and Website References This document contains forward-looking statements. In addition, we may make forward-looking statements orally as part of our presentation. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “beli
Slide 15: Thank you
WELLS FARGO Thank you
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