Saul Van Beurden - Mar 15, 2022 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Signature
Saul Van Beurden, by Robert J. Kaukol, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Mar 15, 2022
Transactions value $
-$477,970
Form type
4
Date filed
3/17/2022, 12:45 PM
Previous filing
Mar 2, 2022
Next filing
Apr 12, 2022

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 +11.2K +24.62% $0.00 56.5K Mar 15, 2022 Direct F1, F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$286K -5.7K -10.09% $50.11 50.8K Mar 15, 2022 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +7.52K +14.79% $0.00 58.3K Mar 15, 2022 Direct F3
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$192K -3.84K -6.58% $50.11 54.5K Mar 15, 2022 Direct
holding WFC Common Stock, $1 2/3 Par Value 320 Mar 15, 2022 By Child 1
holding WFC Common Stock, $1 2/3 Par Value 320 Mar 15, 2022 By Child 2
holding WFC Common Stock, $1 2/3 Par Value 320 Mar 15, 2022 By Child 3
holding WFC Common Stock, $1 2/3 Par Value 364 Mar 15, 2022 Through 401(k) Plan F4

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 -11.2K -100% $0.00* 0 Mar 15, 2022 Common Stock, $1 2/3 Par Value 11.2K Direct F5, F6
transaction WFC Restricted Share Right Options Exercise $0 -7.52K -50% $0.00 7.52K Mar 15, 2022 Common Stock, $1 2/3 Par Value 7.52K Direct F7, F8
* 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 April 8, 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 39 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 March 3, 2020. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F4 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.
F5 Each Performance Share represents a contingent right to receive one share of Company common stock upon vesting.
F6 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 April 8, 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 and for one year after retirement, shares of Company common stock as required under the Company's Stock Ownership Policy.
F7 Each RSR represents a contingent right to receive one share of Company common stock.
F8 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.