Kyle G. Hranicky - Mar 15, 2022 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. Executive Vice President
Signature
Kyle G. Hranicky, by Robert J. Kaukol, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Mar 15, 2022
Transactions value $
-$301,369
Form type
4
Date filed
3/17/2022, 12:24 PM
Previous filing
Mar 2, 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 +7.7K +8.42% $0.00 99.1K Mar 15, 2022 Direct F1, F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$152K -3.03K -3.06% $50.11 96.1K Mar 15, 2022 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +2.57K +2.67% $0.00 98.7K Mar 15, 2022 Direct F3
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$50.6K -1.01K -1.02% $50.11 97.7K Mar 15, 2022 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +5.01K +5.13% $0.00 103K Mar 15, 2022 Direct F4
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$98.8K -1.97K -1.92% $50.11 101K Mar 15, 2022 Direct
holding WFC Common Stock, $1 2/3 Par Value 30.6K Mar 15, 2022 Through 401(k) Plan F5
holding WFC Common Stock, $1 2/3 Par Value 3K Mar 15, 2022 Through COH Trust F6
holding WFC Common Stock, $1 2/3 Par Value 3K Mar 15, 2022 Through KGH Trust F6
holding WFC Common Stock, $1 2/3 Par Value 3K Mar 15, 2022 Through PAH Trust F6
holding WFC Common Stock, $1 2/3 Par Value 2.23K Mar 15, 2022 Through Trust F7

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 Options Exercise $0 -7.7K -100% $0.00* 0 Mar 15, 2022 Common Stock, $1 2/3 Par Value 7.7K Direct F8, F9
transaction WFC Restricted Share Right Options Exercise $0 -2.57K -100% $0.00* 0 Mar 15, 2022 Common Stock, $1 2/3 Par Value 2.57K Direct F10, F11
transaction WFC Restricted Share Right Options Exercise $0 -5.01K -50% $0.00 5.01K Mar 15, 2022 Common Stock, $1 2/3 Par Value 5.01K Direct F10, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent common stock of Wells Fargo & Company (the "Company") acquired on March 15, 2022 upon settlement of a Performance Share award granted on February 26, 2019 for the three-year performance period ended December 31, 2021 (as previously disclosed on a Form 4 filed on March 2, 2022).
F2 Includes 58 shares acquired through the Company's dividend reinvestment plan on 3/1/2022.
F3 Number of shares represents a Restricted Share Right ("RSR") vesting on March 15, 2022. Original grant date was February 26, 2019. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F4 Number of shares represents a 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).
F5 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 Company common stock.
F6 The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any.
F7 Held in trust for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any.
F8 Each Performance Share represents a contingent right to receive one share of Company common stock upon vesting.
F9 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.
F10 Each RSR represents a contingent right to receive one share of Company common stock.
F11 These RSRs vest in three installments: one-third on 3/15/2020, 3/15/2021, and 3/15/2022.
F12 These RSRs vest in three installments: one-third on 3/15/2021, 3/15/2022, and 3/15/2023.