Wells Fargo's board of directors is leaning toward clawing back stock-based compensation from Wells Fargo CEO John Stumpf and Carrie Tolstedt, the firm's former head of community banking, according to The Wall Street Journal's Emily Glazer.

Glazer, citing sources familiar with the matter, said the board was planning to have a decision regarding Stumpf's compensation by Thursday, when the CEO is set to testify in front of the House Financial Services Committee.

It was unclear how much of Stumpf's or Tolstedt's compensation would be clawed back, but The Journal estimated that Stumpf's total compensation while at Wells had been about $160 million. Read More