Patterson Ellen R 4
4 · WELLS FARGO & COMPANY/MN · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Wells Fargo (WFC) Ellen Patterson Receives Award
What Happened Ellen R. Patterson, Senior Executive Vice President and General Counsel of Wells Fargo, was granted 53,264 derivative awards on January 27, 2026. The filing reports these as restricted share rights (RSRs) acquired at $0.00 (i.e., no cash purchase). Each RSR is a contingent right to receive one share of Wells Fargo common stock upon vesting.
Key Details
- Transaction date: 2026-01-27; Type: Award/Grant (code A)
- Amount: 53,264 RSRs; Reported acquisition price: $0.00 (derivative award)
- Vesting: RSRs vest in three equal installments — 1/3 on 2/5/2027, 1/3 on 2/5/2028, and 1/3 on 2/5/2029 (Footnote F3).
- Holding requirement: As condition of the grant, Ms. Patterson agreed to hold required Company shares while employed and for one year after retirement (Footnote F3).
- ESOP note: Footnote F1 indicates some reported share equivalents reflect the Wells Fargo ESOP Fund under the 401(k) Plan as of 12/31/2025 (i.e., treated as if investable cash equivalents were fully invested in company stock).
- Shares owned after the transaction: Not specified in the filing.
- Filing timeliness: Reported on 2026-01-29 for a 2026-01-27 transaction (appears timely).
- Exhibit: Exhibit 24 (Power of Attorney) included.
Context This was a compensation award (restricted share rights), not an open-market purchase or sale. RSRs are contingent and convert to actual shares only as they vest, so the grant does not immediately increase tradable shares held by Ms. Patterson. Such awards are common executive compensation and should be viewed as a contractual grant rather than a direct market-confidence signal.
Insider Transaction Report
- Award
Restricted Share Right
[F2][F3]2026-01-27+53,264→ 53,264 total→ Common Stock, $1 2/3 Par Value (53,264 underlying)
- 198,698.98
Common Stock, $1 2/3 Par Value
- 1,290.16(indirect: By 401(k))
Common Stock, $1 2/3 Par Value
[F1]
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.