Wells Fargo CFO reports stock vesting, share disposals
Wells Fargo & Company Sr.
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Form Type
4
Rhea-AI Filing Summary
Wells Fargo & Company Sr. EVP & CFO Michael P. Santomassimo reported multiple equity compensation events on February 5, 2026. Several Restricted Share Rights vested, converting into common stock at an exercise price of $0, consistent with stock-based awards.
On the same date, he both acquired and disposed of blocks of Wells Fargo common stock, $1 2/3 par value, including disposals at $93.14 per share. After these transactions, he directly owned 443,674.7883 shares of common stock, plus 892.58 shares indirectly through a 401(k) plan and 1,000 shares through his spouse's IRA.
Insider Trade Summary
76,492.3332 shares exercised/converted
Exercise
11 txns
Insider
Santomassimo Michael P.
Role
Sr. EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Right | 29,712.3089 | $0.00 | $0.00 |
| Exercise | Restricted Share Right | 27,587.4512 | $0.00 | $0.00 |
| Exercise | Restricted Share Right | 19,192.5731 | $0.00 | $0.00 |
| Exercise | Common Stock, $1 2/3 Par Value | 29,712.3089 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $1 2/3 Par Value | 15,162.7728 | $93.14 | $1.41M |
| Exercise | Common Stock, $1 2/3 Par Value | 27,587.4512 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $1 2/3 Par Value | 14,077.6613 | $93.14 | $1.31M |
| Exercise | Common Stock, $1 2/3 Par Value | 19,192.5731 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $1 2/3 Par Value | 8,183.6412 | $93.14 | $762K |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
Holdings After Transaction:
Restricted Share Right — 65,972.5976 contracts (Direct);
Common Stock, $1 2/3 Par Value — 443,674.7883 shares (Direct);
Common Stock, $1 2/3 Par Value — 892.58 shares (Indirect, Through 401(k) Plan);
Common Stock, $1 2/3 Par Value — 1,000 shares (Indirect, Through Spouse's IRA)
Footnotes (8)
- F1. 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).
- F2. 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).
- F3. 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).
- F4. 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.
- F5. Each RSR represents a contingent right to receive one share of Company common stock.
- F6. 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.
- F7. 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.
- F8. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did WFC CFO Michael Santomassimo report on February 5, 2026?
He reported vesting of several Restricted Share Rights that converted into Wells Fargo common stock at $0 exercise price, along with same-day acquisitions and disposals of common shares, including sales at $93.14 per share, updating his beneficial ownership balances.
Were any derivative securities remaining after the WFC CFO’s February 5, 2026 RSR exercises?
For one RSR position, the number of derivative securities beneficially owned after the exercise was 0. Other RSR awards still showed remaining balances, including 27,587.4513 and 38,385.1463 derivative securities, reflecting unvested portions scheduled to vest on later dates.
How were the WFC CFO’s indirect Wells Fargo holdings reported in this Form 4?
Indirect ownership was reported in two lines: 892.58 share equivalents held through the Wells Fargo ESOP Fund under the 401(k) plan as of January 30, 2026, and 1,000 Wells Fargo common shares held through the spouse's IRA account.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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