$94.5M
CEO Total Comp · FY2025
Charles Scharf · 80th vs. peers
65.53%
Say-on-Pay · FY2025
Most recent annual vote
1.61×
Realizable / Granted
$152.4M realizable††
—
STI Payout · FY2025
Actual payout not disclosed in CD&A
Thesis
CEO compensation at $94.5M ranks at the 80th percentile when measured against the 10 disclosed peer CEOs with reported compensation against 1st percentile when measured against the 10 disclosed peer CEOs with reported compensation 1-year TSR, producing a 79-point pay-performance gap and high_scrutiny drift classification that will intensify proxy-advisor pressure in the 2026 report. The 65.9% say-on-pay support, down 27 points from FY2023, signals institutional investor rejection of the fully discretionary framework.
Calibration anchors as of September 24, 2026 (stock price $81.90; market cap $247.7B).
Priority Actions
P1Incentive Design
The STI operates as a fully discretionary program with no disclosed threshold, target, or maximum percentages, eliminating visible performance anchors that investors use to validate pay-for-performance linkage.
P2Incentive Design
The PSU design concentrates all weighted metrics in ROTCE, with absolute ROTCE weighted more heavily than relative ROTCE, plus a TSR modifier capped at ±20%.
P3Governance
Say-on-pay support collapsed from 93.0% to 65.9% across three years, the steepest decline among G-SIB peers, while the committee interpreted the 93% result as validation requiring no changes.
Since the Last Disclosure
Activity since the last disclosure — $63.9M of equity awarded across 15 awards to 15 people since Jan 1, 2026. None of it reaches a compensation table until the FY2026 disclosure is published.
Shareholder vote in the current window — 65.53% support on Apr 28, 2026, with 15 awards granted before the vote and 0 after it.