Engle Bridget E. 4

What Happened Bridget E. Engle, Senior Executive Vice President of Wells Fargo & Company (WFC), was granted 41,428 restricted share rights (RSRs) on January 27, 2026. The grant is reported as a derivative award with an acquisition price of $0.00 (i.e., a non‑cash equity award). Each RSR represents a contingent right to receive one share of Wells Fargo common stock when vested.

Key Details

• Transaction date: 2026-01-27; reported on Form 4 filed 2026-01-29 (timely filing).
• Grant type: Award/Grant (derivative RSRs), 41,428 RSRs, $0.00 reported price.
• Vesting: RSRs vest in three equal installments — one‑third on 2/5/2027, one‑third on 2/5/2028, and one‑third on 2/5/2029 (footnote F3).
• Ownership/holding requirement: As a condition of the grant, the reporting person agreed to hold required shares while employed and for one year after retirement (F3).
• Footnotes: F1 notes inclusion of shares from a dividend reinvestment program since last Form 4; F2 clarifies each RSR converts to one common share upon vesting.
• Shares owned after transaction: Not specified in the filing.
• Exhibit: Power of Attorney included (Exhibit 24).

Context This was an equity compensation grant (non‑cash award), not an open‑market purchase or sale. RSR grants are common executive compensation and only convert into tradable shares if/when they vest; they do not represent immediate buying or selling of stock. The filing appears timely (filed two days after the transaction date).