Sundar PichaiSundar Pichai earned $164M in 2023

C. Allen Parker served as the Interim CEO of Wells Fargo in 2019, stepping in during a crucial leadership transition. He earned a total compensation of $8.3 million that year, which included a salary of $1.78 million and a performance...

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C. Allen Parker

Ex-CEO of Wells Fargo & Company

Education

N/A

Field of Expertise

Legal & Compliance - Law

Sector of Economy

Financial Services

Born

January 1, 1955 - 70 years ago

CEO of Wells Fargo & Company for

0 years 6 months (Mar 2019 - Oct 2019)

Previous Experience

Senior Executive Vice President and General Counsel of Wells Fargo.

Holdings

See how much did C. Allen Parker make over time.

As of March 2024, C. Allen Parker's financial holdings were primarily made up of restricted share rights and a small quantity of common stock, totaling approximately $2.37 million. His wealth varied significantly during his time at Wells Fargo. In 2019,...

Insider Trading

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WFC

100 shares

WFC

Mar 26, 2019

Received

Compensation History

See how much did C. Allen Parker make over time.

In 2019, C. Allen Parker received a total compensation of $8.3 million for his role as Interim CEO of Wells Fargo. His pay included a base salary of $1.78 million and a bonus of about $1.29 million tied to his performance during a challenging time for the bank. He also received nearly $3.61 million from vested restricted share rights and an additional stock grant valued at $2 million, which was set to vest in 2020. Wells Fargo’s compensation strategy emphasizes aligning executive pay with the company's overall performance and risk management, which Parker's compensation package reflected. His time in the role was marked by significant contributions even with the financial challenges the company faced.

Year

2019

Total Compensation

$6.71M

Salary

$1.78M

Board Justification

The compensation philosophy emphasizes pay for performance, aligning executive compensation with company performance and risk management.

Bonus

$1.29M

Board Justification

Annual incentive based on performance during his tenure as Interim CEO.

Other

$26.05K

Board Justification

Includes relocation expenses, personal use of a company driver, and guest attendance at a Wells Fargo employee recognition event.

Restricted Stock

$3.61M(3.61M RSRs)

Board Justification

Restricted share rights (RSRs) awarded for his service as Interim CEO that vested in 2019.

Performance Metrics

Performance metrics included individual contributions as Interim CEO and General Counsel, as well as overall company performance.