Bei Ling - 05 Feb 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
Issuer symbol
WFC
Transactions as of
05 Feb 2024
Net transactions value
-$295,140
Form type
4
Filing time
07 Feb 2024, 19:07:25 UTC
Previous filing
25 Jan 2024
Next filing
30 Jan 2025
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 +6,563 +20% $0.000000 38,964 05 Feb 2024 Direct F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $163,232 -3,352 -8.6% $48.70 35,612 05 Feb 2024 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +10,744 +30% $0.000000 46,357 05 Feb 2024 Direct F3
transaction WFC Common Stock, $1 2/3 Par Value Tax liability $131,908 -2,709 -5.8% $48.70 43,648 05 Feb 2024 Direct
holding WFC Common Stock, $1 2/3 Par Value 402 05 Feb 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 -6,563 -50% $0.000000 6,563 05 Feb 2024 Common Stock, $1 2/3 Par Value 6,563 Direct F4, F5
transaction WFC Restricted Share Right Options Exercise $0 -10,744 -33% $0.000000 21,488 05 Feb 2024 Common Stock, $1 2/3 Par Value 10,744 Direct F4, F6
* 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 January 31, 2024, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company (the "Company") common stock.
F2 Number of shares represents a Restricted Share Right ("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 Company common stock.
F5 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.
F6 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.