Charles W. Scharf - Oct 21, 2022 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
CEO & President, Director
Signature
Charles W. Scharf, by Peter Skrief, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Oct 21, 2022
Transactions value $
-$3,060,873
Form type
4
Date filed
10/25/2022, 11:38 AM
Previous filing
Sep 1, 2022
Next filing
Dec 13, 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 +123K +38.97% $0.00 440K Oct 21, 2022 Direct F1, F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$3.06M -68.3K -15.51% $44.83 372K Oct 21, 2022 Direct
holding WFC Common Stock, $1 2/3 Par Value 103 Oct 21, 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 -123K -33.33% $0.00 247K Oct 21, 2022 Common Stock, $1 2/3 Par Value 123K 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 10/21/2022. Original grant date was 10/21/2019. This vesting represents one-fifth of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F2 Includes 161 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 five installments: one-fifth on 10/21/2020, 10/21/2021, 10/21/2022, 10/21/2023, and 10/21/2024. 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.

Remarks:

Exhibit 24 - Power of Attorney