Bei Ling - Jan 15, 2024 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. Executive Vice President
Signature
Bei Ling, by Ryan T. Tollgaard, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Jan 15, 2024
Transactions value $
-$465,455
Form type
4
Date filed
1/17/2024, 04:25 PM
Previous filing
Feb 7, 2023
Next filing
Jan 25, 2024

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 +19K +81.96% $0.00 42.2K Jan 15, 2024 Direct F2, F3
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$465K -9.82K -23.26% $47.40 32.4K Jan 15, 2024 Direct
holding WFC Common Stock, $1 2/3 Par Value 402 Jan 15, 2024 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 Restricted Share Right Options Exercise $0 -19K -100% $0.00* 0 Jan 15, 2024 Common Stock, $1 2/3 Par Value 19K Direct F4, F5
* 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 12/29/2023, as if investable cash equivalents held by the Plan were fully invested in Company common stock.
F2 Number of shares represents a Restricted Share Right ("RSR") vesting on January 15, 2024. Original grant date was October 26, 2021. This vesting represents 35% of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F3 Includes 19 shares acquired under the Wells Fargo & Company's (the "Company") dividend reinvestment plan subsequent to the date of the reporting person's most recent filing on Form 4.
F4 Each RSR represents a contingent right to receive one share of Company common stock.
F5 These RSRs vest in two installments: 65% on 1/15/2023 and 35% on 1/15/2024. 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