Wells Fargo (NYSE: WFC) GC awarded 53,264 RSRs vesting 2027-2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wells Fargo & Company Senior EVP and General Counsel Ellen R. Patterson reported an equity compensation grant and updated share holdings. On 01/27/2026 she was awarded 53,264 Restricted Share Rights (RSRs), each representing a contingent right to receive one share of Wells Fargo common stock at no exercise price.
The RSRs vest in three equal installments on 02/05/2027, 02/05/2028, and 02/05/2029, subject to continued employment and a stock ownership holding requirement during employment and for one year after retirement. Following this report, she beneficially owned 198,698.9798 common shares directly and 1,290.16 share equivalents indirectly through the 401(k) ESOP fund as of December 31, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Patterson Ellen R
Role
Sr. EVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Right | 53,264 | $0.00 | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
Holdings After Transaction:
Restricted Share Right — 53,264 shares (Direct);
Common Stock, $1 2/3 Par Value — 198,698.98 shares (Direct);
Common Stock, $1 2/3 Par Value — 1,290.16 shares (Indirect, Through 401(k) Plan)
Footnotes (1)
- Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of December 31, 2025, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company (the "Company") common stock. 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 2/5/2027, 2/5/2028, and 2/5/2029. 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 transaction did WFC executive Ellen Patterson report on this Form 4?
Ellen R. Patterson, Senior EVP and General Counsel of Wells Fargo (WFC), reported receiving 53,264 Restricted Share Rights (RSRs) on January 27, 2026. Each RSR represents a contingent right to receive one share of Wells Fargo common stock as part of her equity compensation.
What stock ownership commitment did WFC require for Ellen Patterson’s RSR grant?
As a condition of receiving the 53,264 RSRs, Ellen Patterson agreed to hold Wells Fargo common stock while employed and for one year after retirement. This commitment aligns with the Company’s Stock Ownership Policy, reinforcing long-term alignment between the executive and shareholders.
What does Ellen Patterson’s 401(k) ESOP position at Wells Fargo represent?
The 1,290.16 units reported through the 401(k) Plan reflect share equivalents in the Wells Fargo ESOP Fund. The figure is calculated as if all investable cash equivalents in the plan were fully invested in Wells Fargo common stock as of December 31, 2025.