Thread regarding Wells Fargo & Co. layoffs

Vice President title and bonus

I think I read here that being a vice president means that to keep your bonus (so they dont clawback) you need to work 30 days after the February 13 distribution date? Can anyone confirm this?


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| 1562 views | | 11 replies (last January 23) | Reply
Post ID: @OP+1kfkbcp1x

11 replies (most recent on top)

this only applies in corp risk

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Post ID: @f0+1kfkbcp1x

If you signed something due to getting RSUs, then go read it. Check equate dot com

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Post ID: @bc+1kfkbcp1x

@b0 this isn't about the $2k everyone is receiving. Some people get RSRs in addition or included with their bonuses. Those RSRs don't vest immediately.

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Post ID: @b3+1kfkbcp1x

@a8

They can't claw back stock you already sold! 30 days for a "VP" is insane, its basically a mid level individual contributor.

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Post ID: @b0+1kfkbcp1x

It's amazing how many people can't read their own emails or don't have the ability to research on their own.

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Post ID: @at+1kfkbcp1x

@ak well, not really because this is the first year for the new population. There may have been terms in contracts for executives, but not for us lowly VPs.

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Post ID: @as+1kfkbcp1x

Has anyone seen this actual done, where someone had money clawed back?

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Post ID: @ak+1kfkbcp1x

You are referencing the notification periods they added in 2025 where the period of required notice is tied to your officer title. The penalty for not following it are being ineligible for rehire and they can claw back your restricted stock. This includes any stock left to vest in the future and any stock that already vested in the 12 months prior.

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Post ID: @a8+1kfkbcp1x

The RSR portion of your bonus not cash.
Of course your mgr may tell you to go away

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Post ID: @a6+1kfkbcp1x

In theory that is. But you may get an exemption if you are going to work for a competitor.

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Post ID: @a5+1kfkbcp1x

Go read the article that explains it

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Post ID: @a1+1kfkbcp1x

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