Wells Fargo (NYSE: WFC) COO nets shares after RSR vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wells Fargo & Company executive Scott E. Powell, SEVP & Chief Operating Officer, reported multiple equity compensation events on February 5, 2026. Several Restricted Share Right (RSR) awards vested, each converting into an equal number of common shares at no cash exercise price.
To cover tax obligations, shares were withheld at a price of $93.14 per share in three separate transactions. After these moves, Powell directly beneficially owned 352,272.1816 shares of Wells Fargo common stock and indirectly held an additional 5,252.66 share equivalents through the company’s 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
61,441.819 shares exercised/converted
Mixed
10 txns
Insider
Powell Scott
Role
SEVP & Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Right | 23,365.719 | $0.00 | -- |
| Exercise | Restricted Share Right | 23,579.716 | $0.00 | -- |
| Exercise | Restricted Share Right | 14,496.384 | $0.00 | -- |
| Exercise | Common Stock, $1 2/3 Par Value | 23,365.719 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 2/3 Par Value | 11,379.105 | $93.14 | $1.06M |
| Exercise | Common Stock, $1 2/3 Par Value | 23,579.716 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 2/3 Par Value | 9,872.843 | $93.14 | $920K |
| Exercise | Common Stock, $1 2/3 Par Value | 14,496.384 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 2/3 Par Value | 7,059.739 | $93.14 | $658K |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
Holdings After Transaction:
Restricted Share Right — 0 shares (Direct);
Common Stock, $1 2/3 Par Value — 342,507.768 shares (Direct);
Common Stock, $1 2/3 Par Value — 5,252.66 shares (Indirect, Through 401(k) Plan)
Footnotes (1)
- 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). 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). 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). 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. Each RSR represents a contingent right to receive one share of Company common stock. 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. 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. 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 insider activity did WFC executive Scott Powell report on February 5, 2026?
Scott E. Powell reported vesting of several Restricted Share Right awards into Wells Fargo common stock on February 5, 2026, along with related share withholding transactions to cover taxes, all documented in a Form 4 insider trading report.
How do the vesting schedules work for Scott Powell’s Wells Fargo RSR grants?
The RSR grants vest in three equal annual installments on specified February 5 dates, with each vesting generally representing one‑third of the original award plus dividend equivalents, and are subject to Wells Fargo’s stock ownership policy requirements while Powell is employed and after retirement.
What indirect Wells Fargo (WFC) holdings does Scott Powell report in this Form 4?
Scott E. Powell reports indirect ownership of 5,252.66 share equivalents via units in the Wells Fargo ESOP Fund within the 401(k) Plan, calculated as if all plan investable cash equivalents were fully invested in Wells Fargo common stock as of January 30, 2026.