Wells Fargo (WFC) shareholders approved compensation for John Stumpf, the chairman and chief executive, at the company's annual meeting Tuesday and also rejected a proposal to split the chairman and CEO roles.

Shareholders approved Stumpf's $19.3 million compensation package in a nonbinding resolution during the annual meeting, held in San Antonio, Texas, Wells Fargo said in a news release. Compensation was also approved for other executives, including Timothy Sloan, chief financial officer, and David Hoyt, senior executive vice president for wholesale banking.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.