Wells Fargo (WFC) COO receives 48,332 restricted share rights vesting through 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wells Fargo & Company executive Scott E. Powell, SEVP & Chief Operating Officer, received a new equity grant. On 01/27/2026 he was awarded 48,332 Restricted Share Rights, each representing a contingent right to receive one share of Wells Fargo common stock at an exercise price of $0.
The Restricted Share Rights vest in three equal installments on 2/5/2027, 2/5/2028, and 2/5/2029, and are subject to the company’s stock ownership policy, including a requirement to hold shares while employed and for one year after retirement. Following this grant, he beneficially owned 319,142.0498 shares of common stock directly and 5,029.19 share equivalents through the Wells Fargo 401(k) Plan as of December 31, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Powell Scott
Role
SEVP & Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Right | 48,332 | $0.00 | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
Holdings After Transaction:
Restricted Share Right — 48,332 shares (Direct);
Common Stock, $1 2/3 Par Value — 319,142.05 shares (Direct);
Common Stock, $1 2/3 Par Value — 5,029.19 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.