Executive compensation onmental Envir The Board plays an important role in overseeing the company’s performance management and incentive compensation programs through its Human Resources Committee (HRC). Among other responsibilities, the HRC approves the company’s compensation philosophy and principles, and oversees executive compensation, human capital risk, and human capital management. Executive compensation Unit 2019 2020 2021 Social Annualized total CEO compensation1 USD 36,288,490 20,392,046 21,350,906 Median employee annual total USD 65,931 74,416 73,578 compensation (excluding CEO)2 Pay ratio1,3 550:01 274:01 290:1 Notes 1. The annualized total CEO compensation is equal to the CEO’s compensation as reported in the Summary Compensation Table. For ernance 2019, CEO Charlie Scharf’s reported compensation included a one-time award of restricted share rights with a grant date fair value of v $28,788,490 granted in connection with his hire. Go 2. The methodology for determining median employee annual total compensation is set forth in Wells Fargo’s Proxy Statement. 3. Pay ratio is the annual total CEO compensation divided by the median employee annual total compensation. 44 Environmental, Social, and Governance Report 2022