Barry Sommers - Feb 5, 2022 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. Executive Vice President
Signature
Barry Sommers, by Robert J. Kaukol, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Feb 5, 2022
Transactions value $
-$425,820
Form type
4
Date filed
2/8/2022, 12:35 PM
Previous filing
Jan 27, 2022
Next filing
Jan 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +14.8K $0.00 14.8K Feb 5, 2022 Direct F1
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$426K -7.56K -51.05% $56.33 7.25K Feb 5, 2022 Direct

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 Restricted Share Right Options Exercise $0 -14.8K -33.33% $0.00 29.6K Feb 5, 2022 Common Stock, $1 2/3 Par Value 14.8K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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).
F2 Each RSR represents a contingent right to receive one share of Wells Fargo & Company (the "Company") common stock.
F3 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.