Wells Fargo (WFC) risk chief logs major 2026 RSR vesting and share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wells Fargo & Company senior executive Derek A. Flowers, Sr. EVP and Chief Risk Officer, reported multiple equity award vestings and related share dispositions dated February 5, 2026. Three Restricted Share Right (RSR) tranches vested into common stock in amounts of 15,212.7911, 20,483.835, and 14,019.7241 shares, each representing one-third of prior RSR grants plus reinvested dividend equivalents.
On the same date, corresponding common stock entries show acquisitions coded "M" at a price of $0 and dispositions coded "F" totaling 6,312.6995, 6,928.8901, and 5,831.0278 shares at $93.14 per share. Following these transactions, Flowers directly owned 30,643.7328 common shares and held additional indirect common stock interests of 14,883.27 through a 401(k) plan, 359.987 through a spouse’s IRA, and 273,773.566 through a trust, plus 25 preferred shares, Series L, through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
49,716.35 shares exercised/converted
Mixed
13 txns
Insider
Flowers Derek A.
Role
Sr. EVP and Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Right | 15,212.791 | $0.00 | -- |
| Exercise | Restricted Share Right | 20,483.835 | $0.00 | -- |
| Exercise | Restricted Share Right | 14,019.724 | $0.00 | -- |
| Exercise | Common Stock, $1 2/3 Par Value | 15,212.791 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 2/3 Par Value | 6,312.7 | $93.14 | $588K |
| Exercise | Common Stock, $1 2/3 Par Value | 20,483.835 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 2/3 Par Value | 6,928.89 | $93.14 | $645K |
| Exercise | Common Stock, $1 2/3 Par Value | 14,019.724 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 2/3 Par Value | 5,831.028 | $93.14 | $543K |
| 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 | Preferred Shares, Series L | -- | -- | -- |
Holdings After Transaction:
Restricted Share Right — 0 shares (Direct);
Common Stock, $1 2/3 Par Value — 15,212.791 shares (Direct);
Common Stock, $1 2/3 Par Value — 14,883.27 shares (Indirect, Through 401(k) Plan);
Preferred Shares, Series L — 25 shares (Indirect, Through Trust)
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 Derek Flowers report on February 5, 2026?
Derek Flowers reported the vesting of several Restricted Share Right awards into Wells Fargo common stock on February 5, 2026. Related common stock was acquired at $0 and some shares were disposed of the same day at $93.14 per share, reflecting routine equity award activity.
What common stock dispositions did Derek Flowers report for WFC on February 5, 2026?
Flowers reported three dispositions of Wells Fargo common stock coded "F" on February 5, 2026. The amounts were 6,312.6995, 6,928.8901, and 5,831.0278 shares, each at a price of $93.14 per share, occurring alongside the vesting and settlement of Restricted Share Rights.
What indirect Wells Fargo holdings does Derek Flowers report in this Form 4?
Flowers reports indirect Wells Fargo common stock holdings of 14,883.27 shares through a 401(k) plan, 359.987 shares through his spouse’s IRA, and 273,773.566 shares through a trust. He also reports holding 25 preferred shares, Series L, indirectly through a trust structure.