Wells Fargo (NYSE: WFC) EVP reports Form 4 tax share withholding and RSR vesting
Rhea-AI Filing Summary
Wells Fargo & Company (WFC) reported a Form 4 for its Senior Executive Vice President, reflecting tax-related share activity tied to equity compensation. On 12/05/2025, 952.2924 shares of common stock were acquired at an exercise price of $0 through the vesting or settlement of Restricted Share Rights, and the same number of shares were disposed of at $90.21 to cover FICA taxes after the executive became retirement eligible.
Following these transactions, the executive directly held 74,580.5093 shares of Wells Fargo common stock, with additional indirect holdings including 36,367.02 share equivalents through the Wells Fargo 401(k) ESOP fund as of November 28, 2025, and various trust and partnership interests such as 114,029 shares through PCK Family Holdings LP and smaller positions through several family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Right | 952.292 | $0.00 | -- |
| Exercise | Common Stock, $1 2/3 Par Value | 952.292 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 2/3 Par Value | 952.292 | $90.21 | $86K |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
Footnotes (1)
- Represents the withholding of shares by Wells Fargo & Company (the "Company") to satisfy FICA taxes arising from the reporting person becoming retirement eligible. Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of November 28, 2025, as if investable cash equivalents held by the Plan were fully invested in Company common stock. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any. The Reporting Person and his spouse jointly control the general partner of the limited partnership. Held in trust for the benefit of the reporting person's children. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any. Each Restricted Share Right ("RSR") represents a contingent right to receive one share of Company common stock. 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. The vesting amount and number of derivative securities in column 5 reflect the withholding of RSRs for payment of FICA taxes.
