Kyle G. Hranicky - Mar 15, 2023 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Signature
Kyle G. Hranicky, by Janet McGinness, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Mar 15, 2023
Transactions value $
-$231,776
Form type
4
Date filed
3/17/2023, 03:17 PM
Previous filing
Mar 1, 2023
Next filing
Apr 25, 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 +10.3K +8.67% $0.00 129K Mar 15, 2023 Direct F1, F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$158K -4.06K -3.14% $38.85 125K Mar 15, 2023 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +5.14K +4.1% $0.00 131K Mar 15, 2023 Direct F3
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$73.9K -1.9K -1.46% $38.85 129K Mar 15, 2023 Direct
holding WFC Common Stock, $1 2/3 Par Value 32.6K Mar 15, 2023 Through 401(k) Plan F4
holding WFC Common Stock, $1 2/3 Par Value 3K Mar 15, 2023 Through COH Trust F5
holding WFC Common Stock, $1 2/3 Par Value 3K Mar 15, 2023 Through KGH Trust F5
holding WFC Common Stock, $1 2/3 Par Value 3K Mar 15, 2023 Through PAH Trust F5
holding WFC Common Stock, $1 2/3 Par Value 2.23K Mar 15, 2023 Through Trust F6

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 Options Exercise $0 -10.3K -100% $0.00* 0 Mar 15, 2023 Common Stock, $1 2/3 Par Value 10.3K Direct F7, F8
transaction WFC Restricted Share Right Options Exercise $0 -5.14K -100% $0.00* 0 Mar 15, 2023 Common Stock, $1 2/3 Par Value 5.14K Direct F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent common stock of Wells Fargo & Company (the "Company") acquired on March 15, 2023 upon settlement of a Performance Share award granted on March 3, 2020 for the three-year performance period ended December 31, 2022 (as previously disclosed on a Form 4 filed on March 1, 2023).
F2 Includes 112 shares acquired through the Company's dividend reinvestment plan on 3/2/2023.
F3 Number of shares represents a Restricted Share Right ("RSR") vesting on March 15, 2023. Original grant date was March 3, 2020. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F4 Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of February 28, 2023, as if investable cash equivalents held by the Plan were fully invested in Company common stock.
F5 The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein, if any.
F6 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.
F7 Each Performance Share represents a contingent right to receive one share of Company common stock upon vesting.
F8 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.
F9 Each RSR represents a contingent right to receive one share of Company common stock.
F10 These RSRs vest in three installments: one-third on 3/15/2021, 3/15/2022, and 3/15/2023.