Fercho Kristy 4

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.