AI English summary of an SEC filing — figures as filed
Wells Fargo said it filed a Certificate of Designation with the Delaware Secretary of State on March 16, 2026, designating the 6.125% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series GG, and authorizing 90,000 shares.
Key points
AI summaryWells Fargo said it filed a Certificate of Designation with the Delaware Secretary of State on March 16, 2026, designating the 6.125% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series GG, and authorizing 90,000 shares.
The company said the Series GG Preferred Stock is without par value, with a liquidation preference of $25,000 per share, and that its voting powers and other rights were set in the Certificate of Designation.
Wells Fargo said it sold 2,250,000 Depositary Shares on March 18, 2026, with each Depositary Share representing a 1/25 interest in one 1 share of Series GG Preferred Stock.
The company filed March 11, 2026 Underwriting Agreement and March 18, 2026 Deposit Agreement with this 8-K, and said the depositary under the Deposit Agreement is Computershare Trust Company, N.A. and Computershare Inc.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Series GG Preferred Stock Designation and Authorized Shares
Wells Fargo said it filed a Certificate of Designation with the Delaware Secretary of State on March 16, 2026, designating the 6.125% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series GG, and authorizing 90,000 shares.
Source · Based on the filing body and exhibits
Series GG Preferred Stock Par Value and Liquidation Preference
The company said the Series GG Preferred Stock is without par value, with a liquidation preference of $25,000 per share, and that its voting powers and other rights were set in the Certificate of Designation.
Source · Based on the filing body and exhibits
Sale of Depositary Shares on March 18, 2026
Wells Fargo said it sold 2,250,000 Depositary Shares on March 18, 2026, with each Depositary Share representing a 1/25 interest in one 1 share of Series GG Preferred Stock.
Source · Based on the filing body and exhibits
Underwriting, Deposit and Other Filed Documents
The company filed March 11, 2026 Underwriting Agreement and March 18, 2026 Deposit Agreement with this 8-K, and said the depositary under the Deposit Agreement is Computershare Trust Company, N.A. and Computershare Inc.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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