Fercho Kristy 4

What Happened

• Kristy Fercho, Senior Executive Vice President of Wells Fargo & Company (WFC), was credited with 25,682.019 shares (derivative award) on 2026-02-26. The transaction is reported as an award/acquisition (code A) at $0.00 per share (no cash outlay).
• These units reflect performance-based and plan-related share equivalents rather than an open-market purchase or sale; the award value recorded in the filing is $0.00.

Key Details

• Transaction date: February 26, 2026; Form filed February 27, 2026 (timely).
• Amount: 25,682.019 shares; Price per share reported: $0.00 (award/derivative).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: Units include share equivalents in the Wells Fargo ESOP Fund under the 401(k) Plan as of Jan 30, 2026, assuming investable cash equivalents were fully invested in WFC common stock.
  • F2: Each Performance Share is a contingent right to receive one share of company common stock.
  • F3: These are 2023 Performance Shares (including reinvested dividend equivalents) determined by Wells Fargo’s financial performance for the three-year period ending Dec 31, 2025; the original award (granted Jan 24, 2023) is exempt under Rule 16b-3(d). As a condition, the reporting person agreed to hold required shares while employed and for one year after retirement per the company’s Stock Ownership Policy.

Context

• This is a performance/plan award (derivative grant), not a cash purchase or sale. Such awards reflect compensation or performance-based payouts and do not necessarily indicate a buy/sell decision by the insider.
• The award was determined based on multi-year performance metrics (2023–2025), and conversion to actual stock or any subsequent sale would be governed by the award terms and holding requirements.