Scott Powell - Feb 27, 2023 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
SEVP & Chief Operating Officer
Signature
Scott E. Powell, by Janet McGinness, as Attorney-in-fact
Stock symbol
WFC
Transactions as of
Feb 27, 2023
Transactions value $
$0
Form type
4
Date filed
3/1/2023, 04:05 PM
Previous filing
Feb 7, 2023
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WFC Common Stock, $1 2/3 Par Value 118K Feb 27, 2023 Direct
holding WFC Common Stock, $1 2/3 Par Value 2.81K Feb 27, 2023 Through 401(k) Plan F1

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 2020 Performance Shares Award $0 +3.53K $0.00 3.53K Feb 27, 2023 Common Stock, $1 2/3 Par Value 3.53K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of February 22, 2023, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company (the "Company") common stock.
F2 Each Performance Share represents a contingent right to receive one share of Company common stock upon vesting.
F3 Represents the number of 2020 Performance Shares determined based on financial performance for the three-year performance period ended December 31, 2022 pursuant to the terms and conditions of a Performance Share award granted on March 3, 2020, 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.