Wells Fargo EVP Van Beurden exercises stock awards
Wells Fargo & Company Sr.
Rhea-AI Filing Summary
Wells Fargo & Company Sr. Executive Vice President Saul Van Beurden reported multiple stock transactions dated February 5, 2026. He exercised three blocks of Restricted Share Rights into common stock at $0 per share, converting 20,878.1913, 18,877.1666, and 13,002.0945 units into common shares.
To cover withholding obligations, the company retained 10,167.6514, 7,582.6835, and 6,331.9903 common shares at a price of $93.14 per share. After these transactions, he directly held 217,149.2997 common shares, plus additional indirect holdings through a 401(k) plan and accounts for three children.
Positive
- None.
Negative
- None.
Insider Trade Summary
52,757.4524 shares exercised/converted
Exercise
13 txns
Insider
Van Beurden Saul
Role
Sr. Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Right | 20,878.1913 | $0.00 | $0.00 |
| Exercise | Restricted Share Right | 18,877.1666 | $0.00 | $0.00 |
| Exercise | Restricted Share Right | 13,002.0945 | $0.00 | $0.00 |
| Exercise | Common Stock, $1 2/3 Par Value | 20,878.1913 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $1 2/3 Par Value | 10,167.6514 | $93.14 | $947K |
| Exercise | Common Stock, $1 2/3 Par Value | 18,877.1666 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $1 2/3 Par Value | 7,582.6835 | $93.14 | $706K |
| Exercise | Common Stock, $1 2/3 Par Value | 13,002.0945 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $1 2/3 Par Value | 6,331.9903 | $93.14 | $590K |
| 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 | -- | -- | -- |
Holdings After Transaction:
Restricted Share Right — 44,879.3647 contracts (Direct);
Common Stock, $1 2/3 Par Value — 217,149.2997 shares (Direct);
Common Stock, $1 2/3 Par Value — 1,290.73 shares (Indirect, Through 401(k) Plan);
Common Stock, $1 2/3 Par Value — 1,916.234 shares (Indirect, By Child 1);
Common Stock, $1 2/3 Par Value — 1,882 shares (Indirect, By Child 2);
Common Stock, $1 2/3 Par Value — 1,882 shares (Indirect, By Child 3)
Footnotes (8)
- F1. Number of shares represents a Restricted Share Right ("RSR") vesting on February 5, 2026. Original grant date was January 24, 2023. This vesting represents one-third of the original amount of RSRs granted (plus reinvested dividend equivalents).
- F2. Number of shares represents a RSR vesting on February 5, 2026. Original grant date was January 23, 2024. This vesting represents one-third of the original amount of RSRs granted (plus reinvested dividend equivalents).
- F3. 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).
- F4. Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of January 30, 2026, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company (the "Company") common stock.
- F5. Each RSR represents a contingent right to receive one share of Company common stock.
- F6. These RSRs vest in three installments: one-third on 2/5/2024, 2/5/2025, and 2/5/2026. 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.
- F7. These RSRs vest in three installments: one-third on 2/5/2025, 2/5/2026, and 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.
- F8. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did WFC executive Saul Van Beurden report in this Form 4?
Saul Van Beurden reported exercising several Restricted Share Rights into Wells Fargo common stock on February 5, 2026. The filing also shows shares withheld by the company at $93.14 per share to satisfy tax obligations tied to these equity award vestings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
