Wells Fargo CEO John Stumpf received a bonus of $1 million in restricted stock as part of his 2014 compensation, the bank said in a securities filingThursday.
Stumpf was awarded the 18,061 shares on Tuesday, when they closed at $55.37 each. The award matched the $1 million value of the 21,702 shares Stumpf was awarded a year ago.
More details on Stumpf’s total compensation for 2014, including any cash bonuses and additional stock he might receive, will be reported in the bank’s annual proxy filing, which is usually released in March. Compensation for the bank’s other top executives will also be disclosed in the proxy filing.