Ling Bei 4
4 · WELLS FARGO & COMPANY/MN · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Wells Fargo (WFC) Sr. EVP Ling Bei Receives Award of 29,591 RSRs
What Happened
Ling Bei, Senior Executive Vice President of Wells Fargo & Company (WFC), was granted 29,591 restricted share rights (RSRs) on January 27, 2026. The grant is reported as a derivative award (code A) at a $0 acquisition price on the Form 4 — there was no cash outlay by the insider. Each RSR is a contingent right to receive one share of company common stock once vested.
Key Details
- Transaction date: 2026-01-27; Form 4 filed 2026-01-29 (filed two days after the transaction).
- Transaction type: Award/Grant (derivative), 29,591 RSRs, acquisition price reported $0.
- Vesting: RSRs vest in three installments — one-third on 2/5/2027, one-third on 2/5/2028, and one-third on 2/5/2029 (see footnote F4).
- Ownership after transaction: Total shares/beneficial ownership after this grant is not specified in the provided summary.
- Related filing notes: F3 clarifies each RSR equals a contingent right to one share; F4 notes a required holding period while employed and for one year after retirement per the Company’s Stock Ownership Policy. F1 and F2 reference other holdings included in filings (dividend reinvestment and 401(k) ESOP share equivalents).
Context
This is a standard long-term compensation grant (restricted share rights) rather than an open-market purchase or sale. Because the award vests over time and is recorded at $0 on grant, it does not represent an immediate market purchase or sale signal. For retail investors, such awards are common for executive compensation and align long-term pay with company performance; they are informational about compensation but do not directly indicate insider buying or selling of outstanding shares.
Insider Transaction Report
- Award
Restricted Share Right
[F3][F4]2026-01-27+29,591→ 29,591 total→ Common Stock, $1 2/3 Par Value (29,591 underlying)
- 74,912.117
Common Stock, $1 2/3 Par Value
[F1] - 407.45(indirect: By 401(k))
Common Stock, $1 2/3 Par Value
[F2]
Footnotes (4)
- [F1]Includes shares acquired under a dividend reinvestment program since the reporting person's most recent filing on Form 4.
- [F2]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.
- [F3]Each Restricted Share Right ("RSR") represents a contingent right to receive one share of Company common stock.
- [F4]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.