Wells Fargo (NYSE: WFC) CEO logs RSR vesting and common share disposals
Rhea-AI Filing Summary
Wells Fargo & Company Chairman and CEO Charles W. Scharf reported multiple equity transactions on February 5, 2026. Several Restricted Share Rights converted into common stock at an exercise price of $0, including 47,075.399, 49,396.6478, and 31,766.0884 common shares.
On the same date, Scharf disposed of 23,315.9448, 26,155.525, and 16,820.1439 common shares at $93.14 per share. After these transactions, he held 1,118,180.6898 common shares directly, plus 418.46 shares indirectly through a 401(k) plan and 103 shares through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 61,946.5215 shares
Net Buy
11 txns
Insider
SCHARF CHARLES W
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Right | 47,075.399 | $0.00 | $0.00 |
| Exercise | Restricted Share Right | 49,396.6478 | $0.00 | $0.00 |
| Exercise | Restricted Share Right | 31,766.0884 | $0.00 | $0.00 |
| Exercise | Common Stock, $1 2/3 Par Value | 47,075.399 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $1 2/3 Par Value | 23,315.9448 | $93.14 | $2.17M |
| Exercise | Common Stock, $1 2/3 Par Value | 49,396.6478 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $1 2/3 Par Value | 26,155.525 | $93.14 | $2.44M |
| Exercise | Common Stock, $1 2/3 Par Value | 31,766.0884 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $1 2/3 Par Value | 16,820.1439 | $93.14 | $1.57M |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
Holdings After Transaction:
Restricted Share Right — 112,928.8036 shares (Direct);
Common Stock, $1 2/3 Par Value — 1,118,180.6898 shares (Direct);
Common Stock, $1 2/3 Par Value — 418.46 shares (Indirect, Through 401(k) Plan);
Common Stock, $1 2/3 Par Value — 103 shares (Indirect, Through Trust)
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.
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FAQ
What insider activity did WFC CEO Charles Scharf report on February 5, 2026?
Charles Scharf reported vesting of several Restricted Share Rights into Wells Fargo common stock and related share disposals on February 5, 2026. These transactions changed the mix of his equity holdings while keeping a large remaining direct ownership position in the company.