SCHARF CHARLES W 4
4 · WELLS FARGO & COMPANY/MN · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Wells Fargo CEO Charles Scharf Receives Award of 377,681 Shares
What Happened
Charles W. Scharf, Chairman, CEO and Director of Wells Fargo & Company (WFC), was granted 377,680.754 share equivalents on February 26, 2026. The award is reported as a derivative/award (transaction code A) at $0.00 per share (i.e., a performance-based grant or share-equivalent allocation rather than an open-market purchase).
Key Details
- Transaction date: 2026-02-26; SEC filing date: 2026-02-27 (filed timely).
- Quantity: 377,680.754 shares (reported at $0.00 per share; award/derivative).
- Transaction type: Award/Grant (Performance Shares / share equivalents).
- Footnotes of note:
- F1: Reflects share equivalents of units in the Wells Fargo ESOP Fund under the 401(k) Plan as of Jan 30, 2026 if cash equivalents were invested in WFC stock.
- F2: Each Performance Share is a contingent right to receive one share of common stock.
- F3: These are 2023 Performance Shares (including reinvested dividend equivalents) determined based on financial performance for the three-year period ended Dec 31, 2025; award originally granted Jan 24, 2023, and is exempt under Rule 16b-3(d). As a condition, Scharf agreed to required stock-holding while employed and for one year after retirement.
- Shares owned after the transaction: not specified in the provided filing.
Context
This is a compensation-related, performance-determined award (not a market buy or sale). Performance Shares are contingent rights that may convert to actual shares per the award terms; they do not represent an immediate cash transaction or open-market activity. Such awards are common for executive compensation and reflect company-set performance outcomes rather than direct insider buying or selling.
Insider Transaction Report
- Award
2023 Performance Shares
[F2][F3]2026-02-26+377,680.754→ 377,680.754 total→ Common Stock, $1 2/3 Par Value (377,680.754 underlying)
- 1,118,180.69
Common Stock, $1 2/3 Par Value
- 418.46(indirect: By 401(k))
Common Stock, $1 2/3 Par Value
[F1] - 103(indirect: By Trust)
Common Stock, $1 2/3 Par Value
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.