Santomassimo Michael P. 4

What Happened

• Michael P. Santomassimo, Sr. EVP & CFO of Wells Fargo & Company (WFC), was credited with 124,791.698 share equivalents on Feb 26, 2026. The Form 4 lists the transaction as a grant/award (derivative) at $0.00 per share (total $0 reported). The award reflects a mix of 401(k) ESOP fund share equivalents and performance shares earned for the 2023 performance award.

Key Details

• Transaction date: 2026-02-26; Form 4 filed 2026-02-27 (timely).
• Amount: 124,791.698 share equivalents; reported price $0.00 (derivative award).
• Shares owned after transaction: not specified in the Form 4.
• Footnotes: F1 = share equivalents from Wells Fargo ESOP Fund in the 401(k) plan (as if cash equivalents were fully invested in WFC stock). F2 = each Performance Share is a contingent right to one share. F3 = these are 2023 Performance Shares determined by financial performance for the three-year period ended 12/31/2025; award exempt under Rule 16b-3(d). The reporting person agreed to hold required shares while employed and for one year after retirement (per Company Stock Ownership Policy).
• No tax withholding, sales, or open-market purchases are reported in this filing.

Context

• This is a compensation/award transaction (not an open-market buy or sale). The performance-share component represents earned long-term incentive pay tied to multi-year performance; the ESOP component reflects retirement-plan allocations. Because it’s an award/derivative entry with $0 reported, no cash changed hands at grant.