William M. Daley - 15 Mar 2022 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Vice Chairman - Public Affairs
Signature
William M. Daley, by Robert J. Kaukol, as Attorney-in-Fact
Issuer symbol
WFC
Transactions as of
15 Mar 2022
Net transactions value
-$38,225
Form type
4
Filing time
17 Mar 2022, 12:11:32 UTC
Previous filing
08 Feb 2022
Next filing
19 Dec 2022
SEC
View on sec.gov

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 +1,566 +8.1% $0.000000 20,804 15 Mar 2022 Direct F1, F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $38,225 -763 -3.7% $50.11 20,041 15 Mar 2022 Direct
holding WFC Common Stock, $1 2/3 Par Value 5,600 15 Mar 2022 Through IRA
holding WFC Common Stock, $1 2/3 Par Value 5,500 15 Mar 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 Restricted Share Right Options Exercise $0 -1,566 -50% $0.000000 1,566 15 Mar 2022 Common Stock, $1 2/3 Par Value 1,566 Direct F3, F4
* 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 March 15, 2022. Original grant date was March 3, 2020. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F2 Includes 92.726 shares acquired through Wells Fargo & Company's (the "Company") dividend reinvestment plan on 3/1/2022.
F3 Each RSR represents a contingent right to receive one share of Company common stock.
F4 These RSRs vest in three installments: one-third on 3/15/2021, 3/15/2022, and 3/15/2023. 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.