Fercho Kristy 4
4 · WELLS FARGO & COMPANY/MN · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
Wells Fargo (WFC) Sr. EVP Kristy Fercho Receives Award; Shares Withheld
What Happened Kristy Fercho, Senior Executive Vice President of Wells Fargo & Company (WFC), had restricted share rights (RSRs) vest on February 5, 2026. A total of 19,231.939 shares were issued on conversion of the RSRs (three separate vesting events: 5,911.649; 8,199.403; 5,120.887). To satisfy tax withholding obligations, 6,495.933 shares were surrendered/withheld (2,108.417; 2,229.185; 2,158.331) and disposed at $93.14 per share, generating approximately $605,031 in proceeds. The RSR conversions show $0 exercise price (these are vested awards converting to common stock).
Key Details
- Transaction date: February 5, 2026; Form filed Feb 9, 2026 (timely within the two-business-day reporting window).
- Vesting/conversion: 19,231.939 shares issued from RSRs (three grants).
- Shares withheld for taxes: 6,495.933 shares at $93.14/share = $605,031 total.
- Transaction codes on the Form 4: M = exercise/conversion of derivative (RSR conversion), F = payment of exercise price or tax liability (share withholding).
- Footnotes: Vesting relates to RSR grants dated Jan 24, 2023 (F1), Jan 23, 2024 (F2), and Jan 28, 2025 (F3); RSRs convert 1-for-1 to common stock (F5). F4 reflects ESOP-account share-equivalents. F6–F8 describe standard multi-year vesting schedules and the company stock-ownership holding condition.
- Shares owned after the transaction are not specified in the provided filing details.
Context This was a routine vesting of restricted share awards with a net share settlement to cover tax withholding — not an open-market sale or an additional purchase. Such withholding is common and typically reflects tax obligations rather than a discretionary sell decision. No late filing was indicated.
Insider Transaction Report
- Exercise/Conversion
Common Stock, $1 2/3 Par Value
[F1]2026-02-05+5,911.649→ 71,825.957 total - Tax Payment
Common Stock, $1 2/3 Par Value
2026-02-05$93.14/sh−2,108.417$196,378→ 69,717.54 total - Exercise/Conversion
Common Stock, $1 2/3 Par Value
[F2]2026-02-05+8,199.403→ 77,916.944 total - Tax Payment
Common Stock, $1 2/3 Par Value
2026-02-05$93.14/sh−2,229.185$207,626→ 75,687.758 total - Exercise/Conversion
Common Stock, $1 2/3 Par Value
[F3]2026-02-05+5,120.887→ 80,808.645 total - Tax Payment
Common Stock, $1 2/3 Par Value
2026-02-05$93.14/sh−2,158.331$201,027→ 78,650.314 total - Exercise/Conversion
Restricted Share Right
[F5][F6]2026-02-05−5,911.649→ 0 total→ Common Stock, $1 2/3 Par Value (5,911.649 underlying) - Exercise/Conversion
Restricted Share Right
[F5][F7]2026-02-05−8,199.403→ 8,199.403 total→ Common Stock, $1 2/3 Par Value (8,199.403 underlying) - Exercise/Conversion
Restricted Share Right
[F5][F8]2026-02-05−5,120.887→ 10,239.796 total→ Common Stock, $1 2/3 Par Value (5,120.887 underlying)
- 736.83(indirect: By 401(k))
Common Stock, $1 2/3 Par Value
[F4]
Footnotes (8)
- [F1]Number of shares represents a Restricted Share Right ("RSR") vesting on February 5, 2026. Original grant date was January 24, 2023. This vesting represents one-third of the original amount of RSRs granted (plus reinvested dividend equivalents).
- [F2]Number of shares represents a RSR vesting on February 5, 2026. Original grant date was January 23, 2024. This vesting represents one-third of the original amount of RSRs granted (plus reinvested dividend equivalents).
- [F3]Number of shares represents a RSR vesting on February 5, 2026. Original grant date was January 28, 2025. This vesting represents one-third of the original amount of RSRs granted (plus reinvested dividend equivalents).
- [F4]Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of January 30, 2026, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company (the "Company") common stock.
- [F5]Each RSR represents a contingent right to receive one share of Company common stock.
- [F6]These RSRs vest in three installments: one-third on 2/5/2024, 2/5/2025, and 2/5/2026. 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.
- [F7]These RSRs vest in three installments: one-third on 2/5/2025, 2/5/2026, and 2/5/2027. 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.
- [F8]These RSRs vest in three installments: one-third on 2/5/2026, 2/5/2027, and 2/5/2028. 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.