Ling Bei 4

4 · WELLS FARGO & COMPANY/MN · Filed Feb 27, 2026

AI-generated summary of this filing

Updated Feb 27, 2026

Wells Fargo (WFC) Sr. EVP Ling Bei Receives Award of 47,219 Shares

What Happened

Ling Bei, Senior Executive Vice President of Wells Fargo & Company (WFC), received an award of 47,218.807 share equivalents on February 26, 2026. The filing reports the transaction as an award/grant (code A) with a $0.00 acquisition price and is recorded as a derivative interest.
The reported units reflect a mix of performance-share payout and share-equivalents in the Wells Fargo ESOP/401(k) plan as explained in the filing footnotes. The award includes Performance Shares that are contingent rights to receive one share of common stock if plan conditions are met.

Key Details

Transaction date: 2026-02-26; filing date: 2026-02-27 (timely filing).
Reported amount: 47,218.807 shares; price reported: $0.00 (award/derivative, not an open-market purchase).
Footnotes of note:
- F1: Part of the amount reflects ESOP/401(k) share equivalents as if cash equivalents were fully invested in WFC stock (as of Jan 30, 2026).
- F2: Each Performance Share equals a contingent right to one share.
- F3: These are the 2023 Performance Shares determined based on 3-year performance through Dec 31, 2025 (award originally granted Jan 24, 2023) and are subject to the Company’s holding requirement while employed and for one year after retirement.
Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

This was an award/grant of derivative interests (performance shares/ESOP equivalents), not a purchase or sale. No cash changed hands at the reported price of $0.00.
Performance shares are contingent on prior grant terms and performance metrics; when vested/paid they convert into common stock per plan rules. The filing notes the grant is exempt under Rule 16b-3(d).
Awards like this are typically part of compensation and retention programs and should not be interpreted alone as a bullish or bearish signal.

Form 4

Period: 2026-02-26

Sr. Executive Vice President

Transactions

Award
2023 Performance Shares
[F2][F3]
2026-02-26+47,218.807→ 47,218.807 total
→ Common Stock, $1 2/3 Par Value (47,218.807 underlying)

Holdings

Footnotes (3)

[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]Each Performance Share represents a contingent right to receive one share of Company common stock.
[F3]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.

Signature

Bei Ling, by Meghan Daly, as Attorney-in-Fact|2026-02-27

1 file