Powell Scott 4

What Happened

• Scott Powell, Chief Operating Officer of Wells Fargo & Company (WFC), was granted 48,332 restricted share rights (RSRs) on January 27, 2026. The grant was reported as an acquisition at $0.00 per share (a derivative award), i.e., no cash purchase.
• Each RSR represents a contingent right to receive one share of company common stock when vested. The filing shows the award amount (48,332 RSRs) but does not list a cash value or post-transaction total shares beneficially owned in the provided summary.

Key Details

• Transaction date: 2026-01-27; Filing date: 2026-01-29 (timely report).
• Amount: 48,332 restricted share rights (RSRs) acquired at $0.00 (derivative grant).
• Shares owned after transaction: not specified in the supplied summary/filing excerpt.
• Notable footnotes from the filing:
  • F2: Each RSR represents a contingent right to receive one share of company common stock.
  • F3: The RSRs vest in three installments: one‑third on 2/5/2027, one‑third on 2/5/2028, and one‑third on 2/5/2029. As a condition, the reporting person agreed to hold required shares while employed and for one year after retirement under the Company’s Stock Ownership Policy.
  • F1 (related disclosure): Reflects share equivalents of ESOP Fund units under the 401(k) Plan as of 12/31/2025 if invested in company stock (used in beneficial‑ownership calculations).
• No indication of a 10b5-1 plan, tax withholding sale, or immediate sale of shares in this disclosure.

Context

• This was a compensation award (derivative restricted share rights), not an open‑market purchase or sale. Such grants are common executive compensation and reflect future contingent pay tied to vesting rather than an immediate market transaction. The RSR vesting schedule and hold requirement determine when shares may be issued and sold.