Wells Fargo (NYSE: WFC) EVP Fernando Rivas details major share vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wells Fargo & Company senior executive Fernando Rivas reported equity award activity and related share movements. On February 5, 2026, restricted share rights converted into 132,501.9505 shares of common stock and a separate award converted into 20,659.2612 shares, both at an exercise price of $0.
On the same date, Rivas disposed of 67,642.2124 and 8,936.0566 common shares at $93.14 per share, and directly held 121,515.051 common shares after these transactions. He continued to hold restricted share rights covering 73,612.8839 and 41,318.5223 shares. Indirectly, his spouse held 39 Series BB and 100 Series EE preferred shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
153,161.212 shares exercised/converted
Mixed
8 txns
Insider
Rivas Fernando
Role
Sr. Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Right | 132,501.951 | $0.00 | -- |
| Exercise | Restricted Share Right | 20,659.261 | $0.00 | -- |
| Exercise | Common Stock, $1 2/3 Par Value | 132,501.951 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 2/3 Par Value | 67,642.212 | $93.14 | $6.30M |
| Exercise | Common Stock, $1 2/3 Par Value | 20,659.261 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 2/3 Par Value | 8,936.057 | $93.14 | $832K |
| holding | Preferred Shares, Series BB | -- | -- | -- |
| holding | Preferred Shares, Series EE | -- | -- | -- |
Holdings After Transaction:
Restricted Share Right — 73,612.884 shares (Direct);
Common Stock, $1 2/3 Par Value — 177,434.059 shares (Direct);
Preferred Shares, Series BB — 39 shares (Indirect, By Spouse);
Preferred Shares, Series EE — 100 shares (Indirect, By Spouse)
Footnotes (1)
- Number of shares represents a Restricted Share Right ("RSR") vesting on February 5, 2026. Original grant date was June 25, 2024. This vesting represents 45% of the original amount of RSRs granted (plus reinvested dividend equivalents). Number of shares represents a RSR vesting on February 5, 2026. Original grant date was January 28, 2025. This vesting represents one-third of the original amount of RSRs granted (plus reinvested dividend equivalents). Each RSR represents a contingent right to receive one share of Wells Fargo & Company (the "Company") common stock. These RSRs vest in three installments: 30% on 2/5/2025, 45% on 2/5/2026, and 25% on 2/5/2027. As a condition to receiving the grant, the reporting person agreed to hold, while employed by the Company and for one year after retirement, shares of Company common stock as required under the Company's Stock Ownership Policy. These RSRs vest in three installments: one-third on 2/5/2026, 2/5/2027, and 2/5/2028. As a condition to receiving the grant, the reporting person agreed to hold, while employed by the Company and for one year after retirement, shares of Company common stock as required under the Company's Stock Ownership Policy.
FAQ
What did Wells Fargo (WFC) executive Fernando Rivas report in this Form 4?
Fernando Rivas reported vesting and related movements in Wells Fargo equity awards on February 5, 2026. Restricted share rights converted into common stock, some common shares were disposed of, and his direct and indirect holdings in common and preferred shares were updated.
What is the role of Fernando Rivas at Wells Fargo in this insider filing?
In this insider report, Fernando Rivas is identified as a Sr. Executive Vice President of Wells Fargo & Company. The Form 4 indicates he is an officer of the issuer, not a director or 10% owner, and it updates his equity holdings accordingly.