Charles W. Scharf is the CEO of Wells Fargo & Co., taking the helm in October 2019 after leading Visa Inc. and The Bank of New York Mellon. With a strong background in retail banking and finance, he is known...

Charles W. Scharf is the CEO of Wells Fargo & Co., taking the helm in October 2019 after leading Visa Inc. and The Bank of New York Mellon. With a strong background in retail banking and finance, he is known for transforming Visa into a digital payments leader. Under his guidance, Wells Fargo has focused on improving its performance and addressing regulatory challenges from past issues. Scharf is also a director at Microsoft and is involved in philanthropy, serving on the board of Johns Hopkins University and chairing the New York City Ballet. As part of his leadership role, he aims to align executive compensation with company performance, emphasizing strategic growth while navigating a complex financial landscape. In 2023, Scharf received a total compensation package of around $16.8 million, reflecting a strong tie to Wells Fargo’s performance. Interestingly, in 2024, he owned over 43,000 shares of Microsoft worth about $18 million, showing his personal investment interests, alongside his strategic direction at Wells Fargo.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Wells Fargo & Company CEOs

W

Charles W. Scharf

CEO of Wells Fargo & Company

Education

N/A

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1964 - 61 years ago

CEO of Wells Fargo & Company for

5 years 5 months (Oct 2019 - Present)

Previous Experience

CEO of BNY Mellon, CEO of Visa Inc.

Rivals

Competitors/colleagues of Charles W. Scharf

G

David M. Solomon

CEO of Goldman Sachs Group

2023 Compensation

Stock

$36.08M

Salary

$2.00M

Bonus

$8.70M

Other

$320.86K

Total Holdings

$71.95M

D

Ed Bastian

CEO of Delta Air Lines

2023 Compensation

Stock

$19.03M

Salary

$950.00K

Bonus

$9.60M

Other

$371.18K

Total Holdings

$31.31M

P

William S. Demchak

CEO of PNC Financial Services

2023 Compensation

Stock

$11.60M

Salary

$1.20M

Bonus

$4.41M

Other

$797.60K

Total Holdings

$100.55M

J

Jamie Dimon

CEO of JPMorgan Chase

2023 Compensation

Stock

$0.00

Salary

$1.50M

Bonus

$5.00M

Other

$400.19K

Total Holdings

$1.72B

U

Sir Andrew P. Witty

CEO of UnitedHealth Group

2023 Compensation

Stock

$1.00M

Salary

$1.50M

Bonus

$1.80M

Other

$0.00

Total Holdings

$49.01M

C

Jane Fraser

CEO of Citigroup

2023 Compensation

Stock

$0.00

Salary

$1.50M

Bonus

$3.68M

Other

$19.80K

Total Holdings

$38.21M

Holdings

See how much did Charles W. Scharf make over time.

In 2024, Charles W. Scharf owned over 43,000 shares in Microsoft, valued at around $18 million. This significant investment demonstrates his belief in diversification and highlights his financial acumen beyond Wells Fargo. Throughout recent years, Scharf's wealth tied to Microsoft...

In 2024, Charles W. Scharf owned over 43,000 shares in Microsoft, valued at around $18 million. This significant investment demonstrates his belief in diversification and highlights his financial acumen beyond Wells Fargo. Throughout recent years, Scharf's wealth tied to Microsoft has fluctuated, showcasing the dynamic nature of tech stocks. He has strategically built his portfolio while also focusing on growing Wells Fargo's stock, reflecting his commitment to long-term success in both his personal investments and corporate leadership.

Total Stock Sold

$63.80M

BK

$247.68K

4,674 BK shares

V

$63.55M

772,912 V shares

What if they kept their stock?

If Charles W. Scharf didn't sell their stock, today they would have:
Extra BK4,674 shares worth $164.71K and V772,912 shares worth $130.96M.
This is 105.54% and $67.33M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Charles W. Scharf.

MSFT

146 shares

MSFT

Sep 6, 2024

Received

MSFT

138 shares

MSFT

Jun 7, 2024

Received

MSFT

148 shares

MSFT

Jan 31, 2024

Received

MSFT

159 shares

MSFT

Dec 6, 2023

Received

MSFT

175 shares

MSFT

Sep 13, 2023

Received

MSFT

175 shares

MSFT

Jun 13, 2023

Received

MSFT

237 shares

MSFT

Jan 31, 2023

Received

MSFT

233 shares

MSFT

Dec 12, 2022

Received

MSFT

223 shares

MSFT

Aug 30, 2022

Received

MSFT

215 shares

MSFT

May 31, 2022

Received

Compensation History

See how much did Charles W. Scharf make over time.

Charles Scharf's compensation as CEO of Wells Fargo in 2023 totaled $16.8 million. His pay package included a base salary of $1.3 million and a sizable cash bonus of $5.4 million tied to company performance. Notably, he has a structured incentive plan where future bonuses depend on achieving specific financial and strategic goals. Scharf's pay reflects a philosophy of linking executive compensation to the success of the company, aiming to ensure that the leadership team's priorities align with those of shareholders and the overall health of Wells Fargo. His previous role at Visa and BNY Mellon indicates the level of expectation and accountability that comes with managing a major financial institution.

Year

2023

Total Compensation

$9.33M

Salary

$2.50M

Board Justification

The compensation philosophy emphasizes pay for performance, effective risk management, and talent retention, aligning executive compensation with company performance and shareholder interests.

Bonus

$6.63M

Board Justification

Annual cash bonus based on performance metrics for the year 2023.

Other

$207.03K

Board Justification

Other compensation includes security measures and benefits related to the CEO's role.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2023 as the focus is on performance share awards that vest after a three-year performance period.

Performance Metrics

Performance metrics include financial results, risk management effectiveness, and progress on strategic initiatives.

Other Wells Fargo & Company CEOs

Here are other CEOs of Wells Fargo & Company

C. Allen Parker

Ex-CEO of Wells Fargo & Company

March 2019 - October 2019