Wells reports CEO option grant
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From Times Wire Services
Wells Fargo & Co. gave John G. Stumpf options to buy $14 million worth of the bank’s shares after elevating him to chief executive last week.
Stumpf, 53, was granted the option to buy 400,000 of the company’s common stock at an exercise price of $35.06, the closing share price June 26, San Francisco-based Wells Fargo said in a regulatory filing. The company also boosted his annual salary to $800,000 from $700,000.
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