Wells Fargo (WFC) EVP Saul Van Beurden details 1,412-share tax withholding and 39,004 RSRs in Form 4
Rhea-AI Filing Summary
Wells Fargo & Company (WFC) senior executive Saul Van Beurden reported insider equity transactions involving company common stock and restricted share rights. On 12/05/2025, 1,412.3596 restricted share rights were exercised into common stock at $0, increasing his direct holdings. On the same date, 1,412.3596 shares of common stock were withheld at $90.21 per share to cover FICA taxes arising from his retirement eligibility.
After these transactions, Van Beurden directly held 188,474.1725 shares of Wells Fargo common stock, with additional indirect holdings through a 401(k) plan and accounts for three children. He also held 39,004.2926 restricted share rights, which vest in three equal installments on 2/5/2026, 2/5/2027, and 2/5/2028, subject to a stock ownership policy requiring him to maintain specified share levels while employed and for one year after retirement.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Right | 1,412.36 | $0.00 | -- |
| Exercise | Common Stock, $1 2/3 Par Value | 1,412.36 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 2/3 Par Value | 1,412.36 | $90.21 | $127K |
| 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)
- Includes shares acquired under a dividend reinvestment program since the reporting person's most recent filing on Form 4. 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. Includes shares acquired under a dividend reinvestment program, including 23.947 shares which were not previously included due to an administrative error. 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.
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