Wells Fargo (NYSE: WFC) awards 2023 performance shares to CRO Flowers
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wells Fargo & Company reported that Sr. EVP and Chief Risk Officer Derek A. Flowers acquired 66,088.2147 2023 Performance Shares on February 26, 2026 as a grant or award at a stated price of $0.0000 per share. Each Performance Share represents a contingent right to receive one share of common stock, with the amount determined by financial performance over the three-year period ended December 31, 2025 under a January 24, 2023 award. The filing also updates his direct and indirect holdings of Wells Fargo common and preferred stock, including positions held through a 401(k) plan, a spouse’s IRA, and trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Flowers Derek A.
Role
Sr. EVP and Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2023 Performance Shares | 66,088.215 | $0.00 | -- |
| 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 | Common Stock, $1 2/3 Par Value | -- | -- | -- |
| holding | Preferred Shares, Series L | -- | -- | -- |
Holdings After Transaction:
2023 Performance Shares — 66,088.215 shares (Direct);
Common Stock, $1 2/3 Par Value — 30,643.733 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)
- 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 Performance Share represents a contingent right to receive one share of Company common stock. Represents the number of 2023 Performance Shares (including reinvested dividend equivalents) determined based on financial performance for the three-year performance period ended December 31, 2025 pursuant to the terms and conditions of a Performance Share award granted on January 24, 2023, which is exempt under Rule 16b-3(d). 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 did Derek A. Flowers report in this Wells Fargo (WFC) Form 4 filing?
Derek A. Flowers reported receiving 66,088.2147 2023 Performance Shares in Wells Fargo. These were granted as a performance-based equity award, alongside updated disclosures of his direct and indirect common and preferred stock holdings through personal accounts, a 401(k) plan, spouse’s IRA, and trusts.
Does the Wells Fargo (WFC) Form 4 show any open-market buys or sells by Derek A. Flowers?
The Form 4 shows a grant of 66,088.2147 2023 Performance Shares to Derek A. Flowers, not an open-market trade. Other lines update his direct and indirect holdings in common and preferred stock, without clearly identified buy or sell transaction codes.
What indirect Wells Fargo (WFC) holdings does Derek A. Flowers report in this filing?
Derek A. Flowers reports indirect ownership of Wells Fargo common and preferred stock through a 401(k) plan, a spouse’s IRA, and trusts. One footnote explains that 401(k) amounts reflect share equivalents in the Wells Fargo ESOP Fund, assuming available cash is fully invested in company stock.