Hranicky Kyle G 4
4 · WELLS FARGO & COMPANY/MN · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Wells Fargo (WFC) Sr. EVP Kyle G. Hranicky Receives Award
What Happened
Kyle G. Hranicky, Senior Executive Vice President of Wells Fargo & Company (WFC), received an award/derivative acquisition of 57,821.904 share equivalents on 2026-02-26. The filing reports a $0 per-share price and $0 total value on Form 4 because these are performance-share equivalents/contingent rights rather than a cash purchase of stock.
Key Details
- Transaction date: 2026-02-26; Form 4 filed 2026-02-27 (reporting period 2026-02-26).
- Transaction type/code: A (grant/award; derivative). Price reported: $0.00.
- Shares/units reported: 57,821.904 (each Performance Share is a contingent right to one common share).
- Shares owned after transaction: Not specified in this filing.
- Notable footnotes:
- F6: These are 2023 Performance Shares (including reinvested dividend equivalents) determined by WFC financial performance for the three‑year period ended 12/31/2025; award granted originally 1/24/2023 and exempt under Rule 16b‑3(d).
- F5: Each Performance Share is a contingent right to receive one share of company common stock.
- F1: Reflects ESOP/401(k) Fund share-equivalent treatment as of 1/30/2026.
- F2/F4: Reporting person disclaims beneficial ownership of certain shares except to extent of pecuniary interest; some units held in trust for children.
- F6 also notes a holding condition: recipient agreed to hold required shares while employed and for one year after retirement.
- Filing timeliness: No late filing flag indicated.
Context
This was a performance-based award (contingent right to receive shares) tied to prior financial results rather than an open-market purchase or sale. No cash changed hands and these awards are subject to award terms/holding requirements, so they are not immediately equivalent to tradable shares. For retail investors, grants of performance shares indicate compensation tied to company performance but are not the same as an insider buying stock with personal funds.
Insider Transaction Report
- Award
2023 Performance Shares
[F5][F6]2026-02-26+57,821.904→ 57,821.904 total→ Common Stock, $1 2/3 Par Value (57,821.904 underlying)
- 96,767.193
Common Stock, $1 2/3 Par Value
- 36,935.5(indirect: By 401(k))
Common Stock, $1 2/3 Par Value
[F1] - 4,470(indirect: By Trust)
Common Stock, $1 2/3 Par Value
[F2] - 4,470(indirect: By Trust)
Common Stock, $1 2/3 Par Value
[F2] - 4,470(indirect: By Trust)
Common Stock, $1 2/3 Par Value
[F2] - 114,029(indirect: Through PCK Family Holdings LP)
Common Stock, $1 2/3 Par Value
[F3] - 2,225(indirect: By Trust)
Common Stock, $1 2/3 Par Value
[F4]
Footnotes (6)
- [F1]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.
- [F2]The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any.
- [F3]The reporting person and his spouse jointly control the general partner of the limited partnership.
- [F4]Held in trust for the benefit of the reporting person's children. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any.
- [F5]Each Performance Share represents a contingent right to receive one share of Company common stock.
- [F6]Represents the number of 2023 Performance Shares (including reinvested dividend equivalents) determined based on financial performance for the three-year performance period ended December 31, 2025 pursuant to the terms and conditions of a Performance Share award granted on January 24, 2023, which is exempt under Rule 16b-3(d). 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.