In 2009, Stumpf received compensation of $21.3 million, including $13.1 million in stock awards, according to SEC filings.
Newly appointed CFO Timothy Sloan was awarded more than $716,000 in restricted share rights. He was among 11 Wells executives, including Stumpf, who were awarded a total of $3.5 million in restricted share rights. Sloan replaced CFO Howard Atkins earlier this month. Atkins' retirement was unplanned.
The stock awards vest on March 15 in three seperate installments from 2012 to 2014. The executives must retain 50% of the shares for at least one year after retirement.--Written by Maria Woehr in New York.
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