Charles W. Scharf - 05 Feb 2023 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
CEO & President, Director
Signature
Charles W. Scharf, by Janet McGinness, as Attorney-in-Fact
Issuer symbol
WFC
Transactions as of
05 Feb 2023
Net transactions value
-$2,931,905
Form type
4
Filing time
07 Feb 2023, 14:17:59 UTC
Previous filing
01 Feb 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 +74,346 +20% $0.000000 446,364 05 Feb 2023 Direct F1
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $1,956,203 -41,114 -9.2% $47.58 405,250 05 Feb 2023 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +37,082 +9.2% $0.000000 442,332 05 Feb 2023 Direct F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $975,701 -20,507 -4.6% $47.58 421,825 05 Feb 2023 Direct
holding WFC Common Stock, $1 2/3 Par Value 103 05 Feb 2023 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 -74,346 -50% $0.000000 74,346 05 Feb 2023 Common Stock, $1 2/3 Par Value 74,346 Direct F3, F4
transaction WFC Restricted Share Right Options Exercise $0 -37,082 -33% $0.000000 74,163 05 Feb 2023 Common Stock, $1 2/3 Par Value 37,082 Direct F3, F5
* 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 Each RSR represents a contingent right to receive one share of Wells Fargo & Company (the "Company") common stock.
F4 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.
F5 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.