Wells Fargo (NYSE: WFC) EVP Barry Sommers vests stock and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wells Fargo & Company senior executive vice president Barry Sommers reported multiple restricted share right (RSR) vestings and related tax withholdings on February 5, 2026. Each RSR converts into one share of common stock.
He acquired 23,087.1716, 20,381.6005, and 13,570.8314 shares of common stock at an exercise price of $0, reflecting three separate RSR tranches vesting. To cover tax obligations, 11,110.9458, 8,155.9442, and 6,414.5295 shares were withheld at $93.14 per share. Following these transactions, he directly held 184,733.0568 shares of common stock and indirectly held 892.58 share equivalents through the 401(k) Plan as of the reported dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
57,039.604 shares exercised/converted
Mixed
10 txns
Insider
Sommers Barry
Role
Sr. Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Right | 23,087.172 | $0.00 | -- |
| Exercise | Restricted Share Right | 20,381.601 | $0.00 | -- |
| Exercise | Restricted Share Right | 13,570.831 | $0.00 | -- |
| Exercise | Common Stock, $1 2/3 Par Value | 23,087.172 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 2/3 Par Value | 11,110.946 | $93.14 | $1.03M |
| Exercise | Common Stock, $1 2/3 Par Value | 20,381.601 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 2/3 Par Value | 8,155.944 | $93.14 | $760K |
| Exercise | Common Stock, $1 2/3 Par Value | 13,570.831 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 2/3 Par Value | 6,414.53 | $93.14 | $597K |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
Holdings After Transaction:
Restricted Share Right — 0 shares (Direct);
Common Stock, $1 2/3 Par Value — 176,462.044 shares (Direct);
Common Stock, $1 2/3 Par Value — 892.58 shares (Indirect, Through 401(k) Plan)
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 Barry Sommers report?
Barry Sommers reported RSR vesting and related tax withholdings. On February 5, 2026, multiple restricted share rights converted into Wells Fargo common stock, with a portion of the new shares withheld at $93.14 per share to satisfy tax obligations.
What role does Barry Sommers hold at Wells Fargo & Company?
Barry Sommers is a senior executive vice president at Wells Fargo. The Form 4 identifies him as an officer with the title "Sr. Executive Vice President," making him a reporting person subject to insider transaction disclosure requirements.