Raise minimum hourly pay levels for employees
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 14 Apr 2020
- Due
- 31 Dec 2020
- Delivered
- by 31 Dec 2020
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Announced plans to raise minimum hourly pay levels in the majority of our U.S. markets ranging from $15 to $20. This change will increase pay for more than 20,000 employees and will take effect by”
What we found
Evidence strength A What the grades mean
Wells Fargo confirmed in its 2020 10-K filing that it raised minimum hourly pay levels in a majority of U.S. markets during 2020, impacting over 25,000 employees.
-
A Wells Fargo & Company 10-K filed 2021-02-23
“During 2020, we also raised minimum hourly pay levels in a majority of U.S. markets, with more than 25,000 employees receiving a pay adjustment.” ✓ confirmed on the page
Market reaction: the shares moved +2.0% against the S&P 500 over the three sessions around the disclosure (22 Feb 2021 to 25 Feb 2021). What this measures
Checked 1 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Other
- Indicative materiality
- Low rules
- Action
- Raise
- Deliverable
- minimum hourly pay increase
- Target
- 20,000 employees
- Where
- U.S.
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- High
- Specificity
- High
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
Are you Wells Fargo & Company? You can publish an official statement next to this entry, free. Add a statement.
Is something here wrong or out of date? Companies and readers can ask us to check it. Please bring a link to a public source.
Report an error in this entry Reference: KI-C-2020-WFCPA-002283 · Corrections policy