Engle Bridget E. 4

What Happened Bridget E. Engle, Senior Executive Vice President of Wells Fargo & Company (WFC), had restricted share rights (RSRs) vest on Feb 5, 2026. A total of 115,045.974 shares became issuable upon vesting (three separate vest events). To satisfy tax withholding, 57,103.961 shares were surrendered (disposed) at $93.14/share, totaling $5,318,663. The gross value of the vested shares was about $10.7M, leaving approximately 57,942.013 shares issued to her (net value ≈ $5.40M).

Key Details

• Transaction date: Feb 5, 2026; Form 4 filed Feb 9, 2026 (reporting period 2/5/2026).
• Codes: M = exercise/conversion of derivative (RSR conversion to common stock); F = shares withheld for payment of tax liability.
• Shares vested (by record): 100,851.988; 2,787.320; and 11,406.666 (total 115,045.974).
• Shares withheld for taxes: 50,273.486; 1,010.097; and 5,820.378 (total 57,103.961) at $93.14 each = $5,318,663.
• Net shares received: ~57,942.013 (115,045.974 − 57,103.961).
• Footnotes: Vesting relates to three RSR grants (original grant dates Oct 22, 2024; Dec 10, 2024; Jan 28, 2025). RSRs convert 1-for-1 to common stock; vesting schedules and holding requirements apply (see F1–F7).
• Shares owned after transaction: not provided in the excerpt.

Context These were scheduled equity-compensation vestings (RSRs converting into shares) with a net-share settlement via share withholding to cover taxes—common and routine for executives. Transaction codes indicate conversion/vesting (M) and tax withholding (F), not open-market purchases or sales. This filing notifies investors of the award vesting and the method used to satisfy tax obligations; it does not, by itself, indicate a directional bet by the insider.