Wells Fargo (NYSE: WFC) EVP settles 2023 performance shares and tax withholding
Rhea-AI Filing Summary
Wells Fargo & Company senior executive Kyle G. Hranicky settled a 2023 performance share award into common stock. On March 5, 2026, he exercised 58,141.3623 2023 Performance Shares, each representing a contingent right to one share of common stock, for no cash exercise price.
The conversion delivered an equal number of common shares, increasing his direct common stock holdings to 154,908.5548 shares before tax withholding. To cover tax obligations, 25,042.1433 shares of common stock were disposed of at $83.93 per share, a tax-withholding transaction rather than an open-market sale, leaving 129,866.4115 shares held directly.
He also has indirect interests in additional Wells Fargo common stock through a 401(k) plan and several trusts and a family limited partnership. Footnotes state he disclaims beneficial ownership of certain trust and partnership holdings except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2023 Performance Shares | 58,141.362 | $0.00 | -- |
| Exercise | Common Stock, $1 2/3 Par Value | 58,141.362 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 2/3 Par Value | 25,042.143 | $83.93 | $2.10M |
| 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 | Common Stock, $1 2/3 Par Value | -- | -- | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
Footnotes (1)
- These shares represent common stock of Wells Fargo & Company (the "Company") acquired on March 5, 2026 upon settlement of a Performance Share award granted on January 24, 2023 for the three-year performance period ended December 31, 2025, as previously disclosed on a Form 4 filed on February 27, 2026 (including reinvested dividend equivalents). Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of February 27, 2026, as if investable cash equivalents held by the Plan were fully invested in Company common stock. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any. The reporting person and his spouse jointly control the general partner of the limited partnership. Held in trust for the benefit of the reporting person's children. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any. 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.
