Santos Kleber 4
4 · WELLS FARGO & COMPANY/MN · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Wells Fargo (WFC) Sr. EVP Santos Kleber Receives 49,319-Share Award
What Happened
Santos Kleber, Senior Executive Vice President of Wells Fargo & Company (WFC), received a grant of 49,319 restricted share rights (derivative award) on January 27, 2026. The grant is reported as 49,319 shares at $0.00 (no cash paid). These RSRs are contingent rights to receive shares of common stock upon vesting.
Key Details
- Transaction date: 2026-01-27; Form 4 filed 2026-01-29.
- Transaction type: Award/Grant (derivative) — 49,319 Restricted Share Rights reported at $0.00.
- 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).
- Holding requirement: As a condition of the grant, Kleber agreed to hold required company shares while employed and for one year after retirement (F3).
- Footnote F1: Part of the grant reflects ESOP fund share equivalents as if cash equivalents were fully invested in Wells Fargo common stock.
- Footnote F2: Each RSR represents a contingent right to one share of common stock.
- Shares owned after transaction: Not specified in the filing.
- Timeliness: Filed two days after the transaction date (appears timely under Form 4 rules).
Context
This was a compensatory grant of restricted share rights, not an open‑market purchase or sale. Each RSR converts to one share upon vesting, so value to the insider depends on future stock price and vesting conditions. Such awards are standard executive compensation and do not by themselves indicate a personal buy or sell decision.
Insider Transaction Report
- Award
Restricted Share Right
[F2][F3]2026-01-27+49,319→ 49,319 total→ Common Stock, $1 2/3 Par Value (49,319 underlying)
- 78,333.494
Common Stock, $1 2/3 Par Value
- 892.19(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.