William M. Daley - 05 Feb 2024 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Vice Chairman - Public Affairs
Signature
William M. Daley, by Ryan T. Tollgaard, as Attorney-in-Fact
Issuer symbol
WFC
Transactions as of
05 Feb 2024
Net transactions value
-$940,863
Form type
4
Filing time
07 Feb 2024, 18:45:53 UTC
Previous filing
25 Jan 2024
Next filing
29 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 Options Exercise $0 +15,243 +5081069% $0.000000 15,244 05 Feb 2024 Direct F1
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $360,883 -7,410 -49% $48.70 7,833 05 Feb 2024 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +11,322 +145% $0.000000 19,155 05 Feb 2024 Direct F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $267,881 -5,501 -29% $48.70 13,654 05 Feb 2024 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +13,205 +97% $0.000000 26,859 05 Feb 2024 Direct F3
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $312,100 -6,409 -24% $48.70 20,451 05 Feb 2024 Direct
holding WFC Common Stock, $1 2/3 Par Value 5,600 05 Feb 2024 Through IRA
holding WFC Common Stock, $1 2/3 Par Value 46,912 05 Feb 2024 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 -15,243 -100% $0.000000* 0 05 Feb 2024 Common Stock, $1 2/3 Par Value 15,243 Direct F4, F5
transaction WFC Restricted Share Right Options Exercise $0 -11,322 -50% $0.000000 11,321 05 Feb 2024 Common Stock, $1 2/3 Par Value 11,322 Direct F4, F6
transaction WFC Restricted Share Right Options Exercise $0 -13,205 -33% $0.000000 26,410 05 Feb 2024 Common Stock, $1 2/3 Par Value 13,205 Direct F4, F7
* 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, 2024. 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, 2024. 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 Number of shares represents a RSR vesting on February 5, 2024. Original grant date was January 24, 2023. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F4 Each RSR represents a contingent right to receive one share of Wells Fargo & Company (the "Company") common stock.
F5 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.
F6 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.
F7 These RSRs vest in three installments: one-third on 2/5/2024, 2/5/2025, and 2/5/2026. 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.