Rivas Fernando 4

What Happened Fernando Rivas, Senior Executive Vice President of Wells Fargo & Company (WFC), was granted 81,868 restricted share rights (RSRs) on January 27, 2026. The grant is reported as a derivative award with a $0 acquisition price on the Form 4. Each RSR is a contingent right to receive one share of Wells Fargo common stock if vesting conditions are met.

Key Details

• Transaction date: 2026-01-27; reported on Form 4 filed 2026-01-29 (timely filing — within standard two business days).
• Instrument/transaction type: Award of Restricted Share Rights (derivative), Form 4 code A.
• Shares/units granted: 81,868 RSRs; reported acquisition price: $0 (derivative award).
• Vesting: RSRs vest in three equal installments — 1/3 on 2/5/2027, 2/5/2028, and 2/5/2029 (footnote F3).
• Holding requirement: As a condition of the grant, Rivas agreed to hold required Company stock while employed and for one year after retirement under Wells Fargo’s Stock Ownership Policy (F3).
• Other footnotes: F1 notes inclusion of shares acquired under a dividend reinvestment program since the most recent Form 4; F2 defines each RSR as a contingent right to one share.
• Shares owned after transaction: not specified in the provided filing details.

Context This was a compensation grant (award), not an open-market purchase or sale, so it reflects executive compensation/retention rather than a personal market trade. RSRs are contingency-based and only become common stock if and when they vest and are settled.