Ellen R. Patterson - Feb 27, 2024 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. EVP and General Counsel
Signature
Ellen R. Patterson, by Meghan Daly, as Attorney-In-Fact
Stock symbol
WFC
Transactions as of
Feb 27, 2024
Transactions value $
$0
Form type
4
Date filed
2/29/2024, 08:14 PM
Previous filing
Feb 7, 2024
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WFC Common Stock, $1 2/3 Par Value 94.4K Feb 27, 2024 Direct
holding WFC Common Stock, $1 2/3 Par Value 1.25K Feb 27, 2024 Through 401(k) Plan F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WFC 2021 Performance Shares Award $0 +87.6K $0.00 87.6K Feb 27, 2024 Common Stock, $1 2/3 Par Value 87.6K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of February 14, 2024, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company (the "Company") common stock.
F2 Each Performance Share represents a contingent right to receive one share of Company common stock upon vesting.
F3 Represents the number of 2021 Performance Shares determined based on financial performance for the three-year performance period ended December 31, 2023 pursuant to the terms and conditions of a Performance Share award granted on January 26, 2021, 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.