Derek A. Flowers - 23 Jan 2024 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. EVP and Chief Risk Officer
Signature
Derek A. Flowers, by Ryan T. Tollgaard, as Attorney-in-Fact
Issuer symbol
WFC
Transactions as of
23 Jan 2024
Net transactions value
$0
Form type
4
Filing time
25 Jan 2024, 20:30:09 UTC
Previous filing
17 Mar 2023
Next filing
07 Feb 2024
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 Gift $0 -10,791 -100% $0.000000* 0 15 Mar 2023 Direct
transaction WFC Common Stock, $1 2/3 Par Value Gift $0 +10,791 +6.7% $0.000000 172,036 15 Mar 2023 Through Trust F3
holding WFC Common Stock, $1 2/3 Par Value 13,630 23 Jan 2024 Through 401(k) Plan F1
holding WFC Common Stock, $1 2/3 Par Value 349 23 Jan 2024 Through Spouse's IRA F2

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 Award $0 +60,745 $0.000000 60,745 23 Jan 2024 Common Stock, $1 2/3 Par Value 60,745 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 December 29, 2023, as if investable cash equivalents held by the Plan were fully invested in Company common stock.
F2 Includes 5.383 shares acquired under the Company's dividend reinvestment plan subsequent to the date of the reporting person's most recent filing on Form 4.
F3 Includes 456.566 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 Restricted Share Right ("RSR") represents a contingent right to receive one share of Company common stock.
F5 These RSRs vest in three installments: one-third on 2/5/2025, 2/5/2026, and 2/5/2027. 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