Derek A. Flowers - Feb 28, 2022 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. EVP and Chief Risk Officer
Signature
Derek A. Flowers, by Robert J. Kaukol, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Feb 28, 2022
Transactions value $
$0
Form type
4
Date filed
3/2/2022, 12:34 PM
Previous filing
Feb 8, 2022
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WFC Common Stock, $1 2/3 Par Value 10.6K Feb 28, 2022 Direct
holding WFC Common Stock, $1 2/3 Par Value 11.9K Feb 28, 2022 Through 401(k) Plan F1
holding WFC Common Stock, $1 2/3 Par Value 337 Feb 28, 2022 Through Spouse's IRA
holding WFC Common Stock, $1 2/3 Par Value 115K Feb 28, 2022 Through Trust
holding WFC Preferred Shares, Series L 25 Feb 28, 2022 Through Trust

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 2019 Performance Shares Award $0 +11K $0.00 11K Feb 28, 2022 Common Stock, $1 2/3 Par Value 11K 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 28, 2022, 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 2019 Performance Shares determined based on financial performance for the three-year performance period ended December 31, 2021 pursuant to the terms and conditions of a Performance Share award granted on February 26, 2019, 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, shares of Company common stock as required under the Company's Stock Ownership Policy.