Scott Powell - 05 Feb 2022 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
08 Feb 2022, 12:12:40 UTC
Prior SEC filing
01 Feb 2022
Next SEC filing
17 Mar 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Scott E. Powell, by Robert J. Kaukol, as Attorney-in-Fact

Key filing fact

Scott Powell filed Form 4 for WELLS FARGO & COMPANY/MN (WFC) on 08 Feb 2022.

Key facts

  • This page summarizes Scott Powell's Form 4 filing for WELLS FARGO & COMPANY/MN (WFC).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 08 Feb 2022, 12:12.

Change

  • Previous filing in this sequence was filed on 01 Feb 2022.
  • Current net transaction value: -$862,231.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WFC transaction

Common Stock, $1 2/3 Par Value

Options Exercise

Transaction value
$0
Shares
+29,983
Change %
+51%
Price
$0.000000
Shares after
88,228
Date
05 Feb 2022
Ownership
Direct
Footnotes
F1
WFC transaction

Common Stock, $1 2/3 Par Value

Tax liability

Transaction value
$862,231
Shares
-15,307
Change %
-17%
Price
$56.33
Shares after
72,921
Date
05 Feb 2022
Ownership
Direct
WFC holding

Common Stock, $1 2/3 Par Value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,411
Date
05 Feb 2022
Ownership
Through 401(k) Plan
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WFC transaction Derivative

Restricted Share Right

Options Exercise

Transaction value
$0
Shares
-29,983
Change %
-33%
Price
$0.000000
Shares after
59,966
Date
05 Feb 2022
Ownership
Direct
Underlying class
Common Stock, $1 2/3 Par Value
Underlying amount
29,983
Exercise price
Footnotes
F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Number of shares represents a Restricted Share Right ("RSR") vesting on February 5, 2022. Original grant date was January 26, 2021. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).

Footnote F2

Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of January 31, 2022, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company (the "Company") common stock.

Footnote F3

Each RSR represents a contingent right to receive one share of Company common stock.

Footnote F4

These RSRs vest in three installments: one-third on 2/5/2022, 2/5/2023 and 2/5/2024. 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.

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