Lester Owens - Jul 27, 2022 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. Executive Vice President
Signature
Lester Owens, by Robert J. Kaukol, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Jul 27, 2022
Transactions value $
-$1,949,024
Form type
4
Date filed
7/29/2022, 11:36 AM
Previous filing
Feb 8, 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 +87.3K +179.61% $0.00 136K Jul 27, 2022 Direct F1, F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$1.95M -44.6K -32.79% $43.71 91.4K Jul 27, 2022 Direct

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 -87.3K -50% $0.00 87.3K Jul 27, 2022 Common Stock, $1 2/3 Par Value 87.3K 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 July 27, 2022. Original grant date was July 27, 2020. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F2 Includes 41 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 7/27/2021, 7/27/2022, and 7/27/2023. 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.