Form 4: Wells Fargo Executive Sells Shares After Restricted Stock Vesting

Fernando Rivas, a Senior Executive Vice President at Wells Fargo, disposed of shares to cover tax obligations after restricted share rights vested.

Summary

• On February 5, 2025, Fernando Rivas, a Senior Executive Vice President at Wells Fargo & Company, had restricted share rights (RSRs) vest.
• Mr. Rivas disposed of 42,263.7969 shares of common stock at a price of $79.47 to satisfy tax obligations related to the vesting of 86,486.3762 RSRs.
• Following the transaction, Mr. Rivas directly owns 44,222.5793 shares of Wells Fargo common stock.
• He also indirectly owns 39 preferred shares (Series BB), 100 preferred shares (Series EE), and 46 preferred shares (Series U) through his spouse.
• The RSRs vest in three installments: 30% on February 5, 2025, 45% on February 5, 2026, and 25% on February 5, 2027.

Sentiment

Score: 5

Explanation: This is a routine transaction related to executive compensation and does not indicate any positive or negative sentiment about the company's performance.

Future Outlook

The remaining RSRs will vest in two installments on February 5, 2026, and February 5, 2027.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates

Keywords

Form 4, Wells Fargo, WFC, Restricted Share Rights, Executive Compensation, Insider Trading, Fernando Rivas, Stock Ownership