Fercho Kristy 4

What Happened
Kristy Fercho, Senior Executive Vice President of Wells Fargo & Company (WFC), had 25,823.909 performance shares settle on March 5, 2026 (converted to common stock). To cover tax withholding, 11,476.947 of those shares were surrendered/sold at $83.93 per share for proceeds of $963,260. The underlying award was a 2023 Performance Share grant covering the three‑year performance period ended December 31, 2025.

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (timely).
• Award settled: 25,823.909 shares (exercise/conversion of performance share award) at $0 exercise price (award settlement).
• Tax withholding/disposition: 11,476.947 shares disposed at $83.93 = $963,260 (reported as Code F, tax withholding).
• Shares owned after the transaction: not specified in the filing.
• Notable footnotes: settlement of a Performance Share award granted Jan 24, 2023 (includes reinvested dividend equivalents); award is exempt under Rule 16b‑3(d). Reporting person agreed to hold required shares while employed and for one year after retirement per the Company’s Stock Ownership Policy.

Context
This was a routine performance‑award settlement (not an open‑market purchase). The tax withholding/surrender is a common way to cover tax liabilities on vested awards and does not, by itself, signal a discretionary sale of remaining holdings.