In an 8-K filed with the Securities and Exchange Commission on Monday, the bank outlined stock grants bestowed onto top executives, including CEO John Stumpf; David A. Hoyt, who runs wholesale banking, Mark Oman, who heads home and consumer finance; David Carroll, who heads wealth, brokerage and retirement services; and Carrie L. Tolstedt, who heads community banking.
However, performance shares were not awarded to Atkins, whose departure was announced on Feb. 8, though it takes effect Aug. 6. His replacement, Tim Sloan, was not awarded performance shares by the board's human resources committee either.
The lack of stock award to Atkins is the latest signal that his departure came under less-than-amicable circumstances. The abrupt announcement of his departure, with unusual terms, came as a shock to investors, leading to a sell-off in Wells Fargo shares for several days. After
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