Wells Fargo (NYSE: WFC) executive RSRs vest and shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wells Fargo & Company executive Jason M. Rosenberg, SEVP & Head of Public Affairs, reported equity compensation activity involving restricted share rights. On June 15, 2026, 17,217.8038 Restricted Share Rights vested into an equal number of common shares. To cover tax obligations, 8,079.4933 common shares were disposed of through share withholding rather than an open-market sale. After these transactions, Rosenberg directly holds 21,569.8560 shares of Wells Fargo common stock. The vested award represents the remaining half of a grant originally made on June 25, 2024, including dividend equivalents, and is subject to the company’s stock ownership policy.
Positive
- None.
Negative
- None.
Insider Trade Summary
17,217.804 shares exercised/converted
Mixed
3 txns
Insider
Rosenberg Jason M.
Role
SEVP & Head of Public Affairs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Right | 17,217.804 | $0.00 | -- |
| Exercise | Common Stock, $1 2/3 Par Value | 17,217.804 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 2/3 Par Value | 8,079.493 | $83.73 | $676K |
Holdings After Transaction:
Restricted Share Right — 0 shares (Direct, null);
Common Stock, $1 2/3 Par Value — 29,649.349 shares (Direct, null)
Footnotes (1)
- Number of shares represents a Restricted Share Right ("RSR") vesting on June 15, 2026. Original grant date was June 25, 2024. This vesting represents the remaining half of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs). Each RSR represents a contingent right to receive one share of Wells Fargo & Company (the "Company") common stock. These RSRs vest in two installments: half on 6/15/2025 and half on 6/15/2026. 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.
Key Figures
RSRs vested: 17,217.8038 shares
Shares withheld for taxes: 8,079.4933 shares
Shares held after transactions: 21,569.8560 shares
+2 more
5 metrics
RSRs vested
17,217.8038 shares
Restricted Share Rights vesting on June 15, 2026
Shares withheld for taxes
8,079.4933 shares
Tax-withholding disposition on June 15, 2026
Shares held after transactions
21,569.8560 shares
Direct common stock holdings following June 15, 2026 events
Exercise price of RSRs
$0.0000 per share
Conversion of Restricted Share Rights into common stock
RSR derivative position remaining
0.0000 units
Restricted Share Rights balance after vesting
Key Terms
Restricted Share Right, dividend equivalents, contingent right, Stock Ownership Policy
4 terms
dividend equivalents financial
"This vesting represents the remaining half ... plus dividend equivalents reinvested in additional RSRs."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
contingent right financial
"Each RSR represents a contingent right to receive one share of Wells Fargo & Company common stock."
Stock Ownership Policy financial
"the reporting person agreed to hold ... shares ... as required under the Company's Stock Ownership Policy."
FAQ
What insider transaction did WFC executive Jason M. Rosenberg report?
Jason M. Rosenberg reported the vesting of 17,217.8038 Restricted Share Rights into common stock. This equity award is part of his compensation and did not involve an open-market purchase or sale, but rather standard share delivery upon vesting.
What equity award vested for the WFC executive on June 15, 2026?
A Restricted Share Right award vesting on June 15, 2026 delivered 17,217.8038 common shares to Jason M. Rosenberg. The award represents the remaining half of an original June 25, 2024 grant, including dividend equivalents reinvested in additional Restricted Share Rights.
Is the WFC insider Form 4 a buy or sell signal for investors?
The Form 4 reflects equity vesting and tax withholding, not open-market buying or selling. Shares were acquired through Restricted Share Rights and a portion was withheld for taxes, making this a routine compensation event rather than a directional trading signal.