Wells Fargo EVP granted 48,332 restricted share rights
Wells Fargo & Company Senior Executive Vice President Barry Sommers reported a grant of 48,332 Restricted Share Rights on January 27, 2026.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Right | 48,332 | $0.00 | $0.00 |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
Footnotes (3)
- F1. 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.
- F2. Each Restricted Share Right ("RSR") represents a contingent right to receive one share of Company common stock.
- F3. 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
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What insider transaction did WFC executive Barry Sommers report on this Form 4?
What ongoing stock ownership requirements apply to Barry Sommers’ WFC award?
What is the nature of Barry Sommers’ indirect WFC holdings through the 401(k) Plan?
What role does Barry Sommers hold at Wells Fargo & Company (WFC)?
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