NEW YORK (AP) — An Associated Press analysis of documents from Wells Fargo shows CEO John Stumpf received $17.9 million in compensation for 2011, compared with $17.6 million in 2010.
The San Francisco-based bank said in a filing Thursday with the Securities and Exchange Commission that Stumpf's compensation included a salary of $2.8 million and a stock award of $12 million.
Stumpf didn't receive stock options, but he got about $3.1 million in deferred compensation for performance in 2010 that vested in 2011.
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Another $14,700 came in matching payments to Stumpf's 401K retirement plan.
The AP's executive pay calculation aims to isolate the value the company's board placed on the CEO's total compensation package. The figure includes salary, bonus, incentives, perks and the estimated value of stock options and awards.
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