Kyle G. Hranicky - 05 Feb 2023 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. Executive Vice President
Signature
Kyle G. Hranicky, by Janet McGinness, as Attorney-in-Fact
Issuer symbol
WFC
Transactions as of
05 Feb 2023
Net transactions value
-$526,486
Form type
4
Filing time
07 Feb 2023, 13:54:00 UTC
Previous filing
26 Jan 2023
Next filing
01 Mar 2023
SEC
View on sec.gov

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 +5,513 +5.5% $0.000000 106,218 05 Feb 2023 Direct F1
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $103,248 -2,170 -2% $47.58 104,048 05 Feb 2023 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +14,555 +14% $0.000000 118,603 05 Feb 2023 Direct F1
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $256,280 -5,386 -4.5% $47.58 113,217 05 Feb 2023 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +9,307 +8.2% $0.000000 122,524 05 Feb 2023 Direct F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $166,958 -3,509 -2.9% $47.58 119,015 05 Feb 2023 Direct
holding WFC Common Stock, $1 2/3 Par Value 32,222 05 Feb 2023 Through 401(k) Plan F3
holding WFC Common Stock, $1 2/3 Par Value 3,000 05 Feb 2023 Through COH Trust F4
holding WFC Common Stock, $1 2/3 Par Value 3,000 05 Feb 2023 Through KGH Trust F4
holding WFC Common Stock, $1 2/3 Par Value 3,000 05 Feb 2023 Through PAH Trust F4
holding WFC Common Stock, $1 2/3 Par Value 2,225 05 Feb 2023 Through Trust F5

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 -5,513 -50% $0.000000 5,513 05 Feb 2023 Common Stock, $1 2/3 Par Value 5,513 Direct F6, F7
transaction WFC Restricted Share Right Options Exercise $0 -14,555 -50% $0.000000 14,555 05 Feb 2023 Common Stock, $1 2/3 Par Value 14,555 Direct F6, F7
transaction WFC Restricted Share Right Options Exercise $0 -9,307 -33% $0.000000 18,613 05 Feb 2023 Common Stock, $1 2/3 Par Value 9,307 Direct F6, F8
* 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 February 5, 2023. Original grant date was January 26, 2021. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F2 Number of shares represents a RSR vesting on February 5, 2023. Original grant date was January 25, 2022. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F3 Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of January 31, 2023, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company (the "Company") common stock.
F4 The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any.
F5 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.
F6 Each RSR represents a contingent right to receive one share of Company common stock.
F7 These RSRs vest in three installments: one-third on 2/5/2022, 2/5/2023 and 2/5/2024. 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.
F8 These RSRs vest in three installments: one-third on 2/5/2023, 2/5/2024, and 2/5/2025. 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.