Wells Fargo Awards Stumpf $1 Million in Restricted Shares
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Wells Fargo & Co., the biggest U.S. home lender, gave Chief Executive Officer John Stumpf $1 million in restricted shares as part of his pay for 2013, matching the amount it awarded him a year ago.
Stumpf, 60, received 21,702 restricted shares, the San Francisco-based bank said today in a Securities and Exchange Commission filing. The value is based on the Feb. 25 closing price of $46.08. The restricted stock vests in three annual installments starting March 15 next year.