Hranicky Kyle G 4

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.