Financial Services Entity Wells Fargo seems to have become more generous towards the company’s chief executives.

The company will grant stock awards to the tune of 425 million to its four top executives. In lieu of the annual cash bonus John G. Stumpf, who is the chief Executive of the company, would receive about $10 million in stock. The other three executives will receive an award of $5 million.

These retention performance shares are for the top executives who are in a big demand by the rival companies. On this Steve Sanger, chairman of the board's human resources committee said, "Given the current challenges impacting the banking industry, Wells Fargo executives, at all levels, are being increasingly and aggressively recruited by competitors".

The shares would be empowered only after three years of service, if and only if the company’s performance goals are met.