Sommers Barry 4

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.