Wells Fargo (WFC) Sr. EVP Barry Sommers receives 48,332 restricted share rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wells Fargo & Company Senior Executive Vice President Barry Sommers reported a grant of 48,332 Restricted Share Rights on January 27, 2026. Each RSR represents a contingent right to receive one share of Wells Fargo common stock at an exercise price of $0.
The RSRs vest in three equal installments on February 5, 2027, February 5, 2028, and February 5, 2029, and are subject to the company’s stock ownership policy, including a holding requirement during employment and for one year after retirement. After this grant, Sommers directly beneficially owns 153,374.8728 shares of common stock and indirectly holds 892.19 share equivalents through the company’s 401(k) ESOP fund as of December 31, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Sommers Barry
Role
Sr. Executive Vice President
| 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 — 153,374.873 shares (Direct);
Common Stock, $1 2/3 Par Value — 892.19 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.
FAQ
What insider transaction did WFC executive Barry Sommers report on this Form 4?
Barry Sommers reported receiving 48,332 Restricted Share Rights on January 27, 2026. Each right is a contingent claim to one share of Wells Fargo common stock, granted at an exercise price of $0 as part of his executive compensation.
What ongoing stock ownership requirements apply to Barry Sommers’ WFC award?
As a condition of receiving the Restricted Share Rights, Barry Sommers agreed to hold Wells Fargo common stock while employed and for one year after retirement. This holding must meet the company’s Stock Ownership Policy for senior leaders.
What is the nature of Barry Sommers’ indirect WFC holdings through the 401(k) Plan?
The 892.19 indirectly held units reflect share equivalents in the Wells Fargo ESOP Fund within the 401(k) Plan. The figure is calculated as of December 31, 2025, assuming all investable cash equivalents in the plan were fully invested in Wells Fargo common stock.
What role does Barry Sommers hold at Wells Fargo & Company (WFC)?
Barry Sommers is identified as a Senior Executive Vice President of Wells Fargo & Company. He is an officer of the issuer, not a director or 10% owner, and his reported equity awards relate to this executive leadership position.