Michael P. Santomassimo - 05 Feb 2022 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Reporting relationship: Sr. EVP & CFO
Issuer ticker: WFC
Reported as of: 05 Feb 2022
Net transaction value: -$3,950,837
SEC form: 4
Accepted by SEC: 08 Feb 2022, 12:18:51 UTC
Prior SEC filing: 27 Jan 2022
Next SEC filing: 26 Jan 2023
Source filing: View source filing
Reporting owner signature: Michael P. Santomassimo, by Robert J. Kaukol, as Attorney-in-Fact

Key filing fact

Michael P. Santomassimo filed Form 4 for WELLS FARGO & COMPANY/MN (WFC) on 08 Feb 2022.

Key facts

This page summarizes Michael P. Santomassimo's Form 4 filing for WELLS FARGO & COMPANY/MN (WFC).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 08 Feb 2022, 12:18.

Change

Previous filing in this sequence was filed on 27 Jan 2022.
Current net transaction value: -$3,950,837.

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: +40,382
Change %
Price: $0.000000
Shares after: 40,382
Date: 05 Feb 2022
Ownership: Direct
Footnotes: F1

WFC transaction

Common Stock, $1 2/3 Par Value

Tax liability

Transaction value: $1,161,272
Shares: -20,616
Change %: -51%
Price: $56.33
Shares after: 19,766
Date: 05 Feb 2022
Ownership: Direct

WFC transaction

Common Stock, $1 2/3 Par Value

Options Exercise

Transaction value: $0
Shares: +97,005
Change %: +491%
Price: $0.000000
Shares after: 116,771
Date: 05 Feb 2022
Ownership: Direct
Footnotes: F2

WFC transaction

Common Stock, $1 2/3 Par Value

Tax liability

Transaction value: $2,789,565
Shares: -49,522
Change %: -42%
Price: $56.33
Shares after: 67,249
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: 1,000
Date: 05 Feb 2022
Ownership: Through Spouse's IRA

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: -40,382
Change %: -33%
Price: $0.000000
Shares after: 80,761
Date: 05 Feb 2022
Ownership: Direct
Underlying class: Common Stock, $1 2/3 Par Value
Underlying amount: 40,382
Exercise price
Footnotes: F3, F4

WFC transaction Derivative

Restricted Share Right

Options Exercise

Transaction value: $0
Shares: -97,005
Change %: -40%
Price: $0.000000
Shares after: 145,508
Date: 05 Feb 2022
Ownership: Direct
Underlying class: Common Stock, $1 2/3 Par Value
Underlying amount: 97,005
Exercise price
Footnotes: F3, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 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

Number of shares represents a RSR vesting on February 5, 2022. Original grant date was November 17, 2020. This vesting represents 40% of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).

Footnote F3

Each RSR represents a contingent right to receive one share of Wells Fargo & Company (the "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.

Footnote F5

These RSRs vest in two installments: 40% on 2/5/2022 and 60% on 2/5/2023. 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.