Hranicky Kyle G 4
4 · WELLS FARGO & COMPANY/MN · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Wells Fargo (WFC) Sr. EVP Kyle Hranicky Receives 58,141-Share Award
What Happened
- Kyle G. Hranicky, Senior Executive Vice President of Wells Fargo & Company (WFC), had a 2023 Performance Share award settle on March 5, 2026. The award converted into 58,141.362 shares of common stock (each performance share equals one share).
- To cover tax withholding associated with the settlement, 25,042.143 shares were surrendered at $83.93 per share, yielding $2,101,787. The net shares delivered to Hranicky were 33,099.219 (58,141.362 − 25,042.143), with an approximate net value of $2.78M based on the $83.93 share price used for withholding.
- This was a settlement of an award (not an open-market purchase or sale); the conversion of the derivative (performance share) is reported as an exercise/conversion (code M) with a tax-withholding share disposition (code F).
Key Details
- Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (timely filing).
- Converted shares: 58,141.362 performance shares settled into common stock (code M).
- Shares withheld for taxes: 25,042.143 shares at $83.93 each (proceeds $2,101,787) (code F).
- Net shares received: 33,099.219 shares (approx. $2.78M using $83.93).
- Shares owned after transaction: not disclosed in the provided excerpt.
- Notable footnotes: settlement was for a Performance Share award granted Jan 24, 2023 covering the 3‑year performance period ending Dec 31, 2025 (F1, F7). Award is exempt under Rule 16b‑3(d). The reporting person is subject to the Company’s Stock Ownership Policy requiring certain hold periods while employed and for one year after retirement (F7).
- The filing shows standard tax-withholding via share surrender (not an open-market sale of additional shares).
Context
- This was an award settlement (performance shares vesting based on company performance), not a purchase or a discretionary sale. The withholding of shares to cover taxes is a routine administrative step and not an indicator of a separate open-market sale.
- Performance-share settlements are common for executives and reflect prior compensation grants maturing based on pre-set performance targets; they are routinely reported on Form 4.
Insider Transaction Report
Form 4
Hranicky Kyle G
Sr. Executive Vice President
Transactions
- Exercise/Conversion
Common Stock, $1 2/3 Par Value
[F1]2026-03-05+58,141.362→ 154,908.555 total - Tax Payment
Common Stock, $1 2/3 Par Value
2026-03-05$83.93/sh−25,042.143$2,101,787→ 129,866.412 total - Exercise/Conversion
2023 Performance Shares
[F6][F7]2026-03-05−58,141.362→ 0 total→ Common Stock, $1 2/3 Par Value (58,141.362 underlying)
Holdings
- 37,175.24(indirect: By 401(k))
Common Stock, $1 2/3 Par Value
[F2] - 4,470(indirect: By Trust)
Common Stock, $1 2/3 Par Value
[F3] - 4,470(indirect: By Trust)
Common Stock, $1 2/3 Par Value
[F3] - 4,470(indirect: By Trust)
Common Stock, $1 2/3 Par Value
[F3] - 114,029(indirect: Through PCK Family Holdings LP)
Common Stock, $1 2/3 Par Value
[F4] - 2,225(indirect: By Trust)
Common Stock, $1 2/3 Par Value
[F5]
Footnotes (7)
- [F1]These shares represent common stock of Wells Fargo & Company (the "Company") acquired on March 5, 2026 upon settlement of a Performance Share award granted on January 24, 2023 for the three-year performance period ended December 31, 2025, as previously disclosed on a Form 4 filed on February 27, 2026 (including reinvested dividend equivalents).
- [F2]Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of February 27, 2026, as if investable cash equivalents held by the Plan were fully invested in Company common stock.
- [F3]The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any.
- [F4]The reporting person and his spouse jointly control the general partner of the limited partnership.
- [F5]Held in trust for the benefit of the reporting person's children. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any.
- [F6]Each Performance Share represents a contingent right to receive one share of Company common stock.
- [F7]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
Kyle G. Hranicky, by Meghan Daly, as Attorney-in-Fact|2026-03-09