Wells Fargo (WFC) Sr. EVP and General Counsel reports major RSR vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wells Fargo & Company executive Ellen R. Patterson reported routine equity compensation activity. On February 5, 2026, several Restricted Share Rights (RSRs) vested, each representing a right to receive one share of common stock. Vested amounts included 23,029.3037, 21,436.676, and 15,152.0314 RSRs, which were converted to common stock at an exercise price of $0 per share.
To cover tax obligations, the filing shows share withholdings coded "F" at a price of $93.14 per share in amounts of 11,754.1611, 10,940.2494, and 6,126.1853 shares. After these transactions, Patterson directly owned 229,496.3951 shares of Wells Fargo common stock and held an additional 1,290.73 share equivalent units indirectly through the company 401(k) Plan as of January 30, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
59,618.011 shares exercised/converted
Mixed
10 txns
Insider
Patterson Ellen R
Role
Sr. EVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Right | 23,029.304 | $0.00 | -- |
| Exercise | Restricted Share Right | 21,436.676 | $0.00 | -- |
| Exercise | Restricted Share Right | 15,152.031 | $0.00 | -- |
| Exercise | Common Stock, $1 2/3 Par Value | 23,029.304 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 2/3 Par Value | 11,754.161 | $93.14 | $1.09M |
| Exercise | Common Stock, $1 2/3 Par Value | 21,436.676 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 2/3 Par Value | 10,940.249 | $93.14 | $1.02M |
| Exercise | Common Stock, $1 2/3 Par Value | 15,152.031 | $0.00 | -- |
| Tax Withholding | Common Stock, $1 2/3 Par Value | 6,126.185 | $93.14 | $571K |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
Holdings After Transaction:
Restricted Share Right — 0 shares (Direct);
Common Stock, $1 2/3 Par Value — 221,728.284 shares (Direct);
Common Stock, $1 2/3 Par Value — 1,290.73 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 transactions did WFC executive Ellen R. Patterson report on February 5, 2026?
Ellen R. Patterson reported vesting of several Restricted Share Rights that converted into Wells Fargo common stock, plus share withholdings for taxes. These transactions reflect routine equity compensation activity rather than open-market buying or selling by the executive.
What do the vesting schedules in Ellen R. Patterson’s WFC Form 4 indicate?
Footnotes show her RSR grants vest in three equal installments across specified dates between 2024 and 2028. Each vesting represents one-third of the original grant plus reinvested dividend equivalents, aligning compensation with long-term stock ownership requirements.