Equity award: Wells Fargo (NYSE: WFC) grants 2023 performance shares to top executive
Rhea-AI Filing Summary
Wells Fargo & Company senior executive Saul Van Beurden received an equity award tied to past performance. On February 26, 2026, he acquired 87,691.4224 "2023 Performance Shares" as a grant, categorized as a grant, award, or other acquisition.
Each Performance Share represents a contingent right to receive one share of Wells Fargo common stock, determined by financial performance over a three-year period that ended December 31, 2025, under an award originally granted on January 24, 2023. As a condition of the grant, he agreed to hold company stock in line with Wells Fargo’s Stock Ownership Policy while employed and for one year after retirement.
Following these transactions, his directly held Wells Fargo common stock totaled 215,949.2997 shares, with additional indirect holdings through a 401(k) plan and accounts for three children.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2023 Performance Shares | 87,691.422 | $0.00 | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
Footnotes (1)
- 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. Each Performance Share represents a contingent right to receive one share of Company common stock. 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.
