Sommers Barry 4
4 · WELLS FARGO & COMPANY/MN · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
Wells Fargo (WFC) Sr. Executive VP Barry Sommers Receives Award
What Happened Barry Sommers, Senior Executive Vice President of Wells Fargo & Company (WFC), was granted 48,332 derivative awards on 2026-01-27. The filing reports these as awarded at $0.00 (no cash exchanged); the instruments are Restricted Share Rights (RSRs) and/or ESOP share equivalents rather than an open-market purchase.
Key Details
- Transaction date: 2026-01-27; filing date: 2026-01-29 (timely).
- Award amount: 48,332 RSRs/share-equivalents; reported price $0.00 (grant).
- Footnote F1: Reflects ESOP Fund share equivalents under the 401(k) Plan as of 12/31/2025 if investable cash equivalents were fully invested in WFC stock.
- Footnote F2: Each RSR is a contingent right to receive one share of common stock.
- Footnote F3: RSRs vest in three installments — one-third on 2/5/2027, 2/5/2028, and 2/5/2029 — and Sommers agreed to hold required shares while employed and for one year after retirement.
- Shares owned after the transaction: not specified in the filing.
Context This was a compensation grant of restricted-share rights (derivative awards), not a market purchase or sale. Such grants are common executive compensation and represent future contingent ownership subject to vesting and holding requirements; they do not by themselves indicate immediate buying or selling of company stock.
Insider Transaction Report
- Award
Restricted Share Right
[F2][F3]2026-01-27+48,332→ 48,332 total→ Common Stock, $1 2/3 Par Value (48,332 underlying)
- 153,374.873
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.