Powell Scott 4

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

AI-generated summary of this filing

Updated Feb 27, 2026

Wells Fargo (WFC) COO Scott Powell Receives Award of 98,136 Shares

What Happened

Scott Powell, Chief Operating Officer of Wells Fargo & Company (WFC), was granted 98,136.017 share equivalents on February 26, 2026. The reported acquisition price is $0.00 — this reflects an award/vesting of derivative interests (performance shares and ESOP fund equivalents), not a cash purchase or open-market trade.
The filing treats these as derivative awards (contingent rights), not immediate cash transactions. No dollar value is reported in the Form 4 for the award itself.

Key Details

Transaction date: 2026-02-26; Form 4 filed: 2026-02-27 (appears timely).
Reported amount: 98,136.017 shares; reported price: $0.00 (code A — grant/award).
Shares owned after transaction: Not specified in the provided filing details.
Footnotes of note:
- F1: Part or all of the amount reflects ESOP Fund units under the 401(k) Plan converted to share equivalents as if cash equivalents were fully invested in WFC stock (as of Jan 30, 2026).
- F2: Each Performance Share is a contingent right to receive one share of common stock.
- F3: These are 2023 Performance Shares determined by performance for the 2023–2025 period (award granted Jan 24, 2023) and are exempt under Rule 16b-3(d). Powell agreed to hold required shares while employed and for one year after retirement under the company’s Stock Ownership Policy.

Context

This is an award/vesting of performance-based and 401(k) ESOP share equivalents (derivative interests), not a market purchase or sale. Performance Shares are contingent rights that may convert to actual shares under plan rules.
Such grants are common executive compensation events and are subject to the company’s holding and ownership policies; they do not by themselves signal a buy or sell decision by the insider.

Form 4

Period: 2026-02-26

SEVP & Chief Operating Officer

Transactions

Award
2023 Performance Shares
[F2][F3]
2026-02-26+98,136.017→ 98,136.017 total
→ Common Stock, $1 2/3 Par Value (98,136.017 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

Scott E. Powell, by Meghan Daly, as Attorney-in-Fact|2026-02-27

1 file