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

Reporting relationship: Sr. Executive Vice President
Issuer ticker: WFC
Reported as of: 15 Mar 2022
Net transaction value: -$301,369
SEC form: 4
Accepted by SEC: 17 Mar 2022, 12:24:28 UTC
Prior SEC filing: 02 Mar 2022
Next SEC filing: 26 Jan 2023
Source filing: View source filing
Reporting owner signature: Kyle G. Hranicky, by Robert J. Kaukol, as Attorney-in-Fact

Key filing fact

Kyle G. Hranicky filed Form 4 for WELLS FARGO & COMPANY/MN (WFC) on 17 Mar 2022.

Key facts

This page summarizes Kyle G. Hranicky's Form 4 filing for WELLS FARGO & COMPANY/MN (WFC).
9 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 17 Mar 2022, 12:24.

Change

Previous filing in this sequence was filed on 02 Mar 2022.
Current net transaction value: -$301,369.

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: +7,703
Change %: +8.4%
Price: $0.000000
Shares after: 99,141
Date: 15 Mar 2022
Ownership: Direct
Footnotes: F1, F2

WFC transaction

Common Stock, $1 2/3 Par Value

Tax liability

Transaction value: $151,908
Shares: -3,031
Change %: -3.1%
Price: $50.11
Shares after: 96,110
Date: 15 Mar 2022
Ownership: Direct

WFC transaction

Common Stock, $1 2/3 Par Value

Options Exercise

Transaction value: $0
Shares: +2,567
Change %: +2.7%
Price: $0.000000
Shares after: 98,677
Date: 15 Mar 2022
Ownership: Direct
Footnotes: F3

WFC transaction

Common Stock, $1 2/3 Par Value

Tax liability

Transaction value: $50,635
Shares: -1,010
Change %: -1%
Price: $50.11
Shares after: 97,667
Date: 15 Mar 2022
Ownership: Direct

WFC transaction

Common Stock, $1 2/3 Par Value

Options Exercise

Transaction value: $0
Shares: +5,010
Change %: +5.1%
Price: $0.000000
Shares after: 102,677
Date: 15 Mar 2022
Ownership: Direct
Footnotes: F4

WFC transaction

Common Stock, $1 2/3 Par Value

Tax liability

Transaction value: $98,826
Shares: -1,972
Change %: -1.9%
Price: $50.11
Shares after: 100,705
Date: 15 Mar 2022
Ownership: Direct

WFC holding

Common Stock, $1 2/3 Par Value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 30,634
Date: 15 Mar 2022
Ownership: Through 401(k) Plan
Footnotes: F5

WFC holding

Common Stock, $1 2/3 Par Value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,000
Date: 15 Mar 2022
Ownership: Through COH Trust
Footnotes: F6

WFC holding

Common Stock, $1 2/3 Par Value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,000
Date: 15 Mar 2022
Ownership: Through KGH Trust
Footnotes: F6

WFC holding

Common Stock, $1 2/3 Par Value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,000
Date: 15 Mar 2022
Ownership: Through PAH Trust
Footnotes: F6

WFC holding

Common Stock, $1 2/3 Par Value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,225
Date: 15 Mar 2022
Ownership: Through Trust
Footnotes: F7

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WFC transaction Derivative

2019 Performance Shares

Options Exercise

Transaction value: $0
Shares: -7,703
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Mar 2022
Ownership: Direct
Underlying class: Common Stock, $1 2/3 Par Value
Underlying amount: 7,703
Exercise price
Footnotes: F8, F9

WFC transaction Derivative

Restricted Share Right

Options Exercise

Transaction value: $0
Shares: -2,567
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Mar 2022
Ownership: Direct
Underlying class: Common Stock, $1 2/3 Par Value
Underlying amount: 2,567
Exercise price
Footnotes: F10, F11

WFC transaction Derivative

Restricted Share Right

Options Exercise

Transaction value: $0
Shares: -5,010
Change %: -50%
Price: $0.000000
Shares after: 5,010
Date: 15 Mar 2022
Ownership: Direct
Underlying class: Common Stock, $1 2/3 Par Value
Underlying amount: 5,010
Exercise price
Footnotes: F10, F12

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 12 footnotes

Footnote 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).

Footnote F2

Includes 58 shares acquired through the Company's dividend reinvestment plan on 3/1/2022.

Footnote 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).

Footnote 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).

Footnote 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.

Footnote F6

The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any.

Footnote 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.

Footnote F8

Each Performance Share represents a contingent right to receive one share of Company common stock upon vesting.

Footnote 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.

Footnote F10

Each RSR represents a contingent right to receive one share of Company common stock.

Footnote F11

These RSRs vest in three installments: one-third on 3/15/2020, 3/15/2021, and 3/15/2022.

Footnote F12

These RSRs vest in three installments: one-third on 3/15/2021, 3/15/2022, and 3/15/2023.

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