Wells Fargo EVP reports RSR vesting and tax withholding
Wells Fargo & Company senior executive Bei Ling reported routine stock-based compensation activity.
Rhea-AI Filing Summary
Wells Fargo & Company senior executive Bei Ling reported routine stock-based compensation activity. On February 5, 2026, several Restricted Share Rights (RSRs) vested, converting into common stock at an exercise price of $0, consistent with prior long-term equity awards that vest in three annual installments.
To cover taxes on these vestings, shares of common stock were automatically withheld at a price of $93.14 per share, shown by transaction code “F.” After these transactions, Ling directly held 92,782.2078 shares of Wells Fargo common stock and had an additional 407.63 share equivalent held indirectly through the company’s 401(k) plan, plus remaining unvested RSRs.
Positive
- None.
Negative
- None.
Insider Trade Summary
33,207.7285 shares exercised/converted
Exercise
10 txns
Insider
Ling Bei
Role
Sr. Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Right | 11,241.8541 | $0.00 | $0.00 |
| Exercise | Restricted Share Right | 12,861.3777 | $0.00 | $0.00 |
| Exercise | Restricted Share Right | 9,104.4967 | $0.00 | $0.00 |
| Exercise | Common Stock, $1 2/3 Par Value | 11,241.8541 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $1 2/3 Par Value | 5,736.2958 | $93.14 | $534K |
| Exercise | Common Stock, $1 2/3 Par Value | 12,861.3777 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $1 2/3 Par Value | 4,956.3542 | $93.14 | $462K |
| Exercise | Common Stock, $1 2/3 Par Value | 9,104.4967 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $1 2/3 Par Value | 4,644.988 | $93.14 | $433K |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
Holdings After Transaction:
Restricted Share Right — 31,068.3284 contracts (Direct);
Common Stock, $1 2/3 Par Value — 92,782.2078 shares (Direct);
Common Stock, $1 2/3 Par Value — 407.63 shares (Indirect, Through 401(k) Plan)
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 insider transaction did Wells Fargo (WFC) executive Bei Ling report?
Bei Ling reported vesting of Restricted Share Rights that converted into Wells Fargo common stock. The awards vested on February 5, 2026, as part of previously granted equity compensation, with some shares withheld to satisfy tax obligations at a reported price of $93.14 per share.
What is the significance of the ‘M’ and ‘F’ transaction codes in the WFC Form 4?
Code “M” indicates the exercise or conversion of derivative awards, here Restricted Share Rights into common stock. Code “F” reflects shares withheld to pay taxes upon vesting, at a reported price of $93.14 per share, rather than an open-market sale by the executive.
Are Bei Ling’s Wells Fargo (WFC) Form 4 transactions open-market sales?
The Form 4 primarily shows vesting of equity awards and tax withholding, not discretionary market sales. Shares were acquired at $0 upon RSR vesting (code “M”) and a portion was withheld at $93.14 per share (code “F”) to satisfy tax obligations related to those vestings.
How are Wells Fargo (WFC) 401(k) holdings reflected in Bei Ling’s Form 4?
The filing shows 407.63 share equivalents held indirectly through the Wells Fargo ESOP Fund in the 401(k) Plan. This amount is reported as if cash equivalents in the plan were fully invested in Wells Fargo common stock as of January 30, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
