Wells Fargo, which reported more profit than any other U.S. bank in 2013, left Chief Executive Officer John Stumpf's annual compensation unchanged at $19.3 million.
Stumpf, 60, received $2.8 million in salary for his work last year, a $4 million bonus and $12.5 million in long-term equity incentive awards, the San Francisco-based bank said today in a filing with the U.S. Securities and Exchange Commission.
Wells Fargo shares rose 33 percent last year, trailing the 35 percent advance for the 24-company KBW Bank Index. The bank's profit was $21.9 billion in 2013, the first time it earned more than JPMorgan Chase, ranked first by assets in the U.S., which posted income of $17.9 billion. Wells Fargo is the nation's biggest home lender and ranks fourth by assets.
