Van Beurden Saul 4

What Happened

• Saul Van Beurden, Senior Executive Vice President of Wells Fargo & Company (WFC), was reported on Form 4 to have received a grant of 45,373 share equivalents on 2026-01-27. The grant is recorded as a derivative award (acquisition at $0.00), consisting of restricted share rights and ESOP/401(k) share equivalents per the filing footnotes. There is no immediate cash purchase or sale.

Key Details

• Transaction date: 2026-01-27; Filing date: 2026-01-29 (timely).
• Amount: 45,373 share equivalents; reported price: $0.00 (derivative award).
• Vesting: RSRs vest in three installments — one‑third on 2/5/2027, one‑third on 2/5/2028, and one‑third on 2/5/2029 (footnote F3).
• Footnotes: F1 notes the inclusion of ESOP Fund units under the 401(k) Plan treated as if invested in WFC stock; F2 clarifies each Restricted Share Right (RSR) converts to one share upon settlement; F3 requires holding stock while employed and for one year after retirement as a condition of the grant.
• Shares owned after the transaction: not disclosed in this filing.
• Timeliness: filing appears timely (filed two days after the transaction), no late filing flag.

Context

• This was an award/grant (not an open‑market purchase or sale). For retail investors, grants like this are standard compensation practice and do not by themselves indicate immediate buying or selling intent. The RSRs are contingent rights that convert to common stock only as they vest under the stated schedule.