Charles W. Scharf - Oct 21, 2024 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
CEO & President, Director
Signature
Charles W. Scharf, by Meghan Daly, as Attorney-In-Fact
Stock symbol
WFC
Transactions as of
Oct 21, 2024
Transactions value $
-$4,619,793
Form type
4
Date filed
10/23/2024, 05:16 PM
Previous filing
Sep 9, 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 +130K +16.31% $0.00 931K Oct 21, 2024 Direct F1, F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$4.62M -72.2K -7.75% $64.02 858K Oct 21, 2024 Direct
holding WFC Common Stock, $1 2/3 Par Value 409 Oct 21, 2024 Through 401(k) Plan F3
holding WFC Common Stock, $1 2/3 Par Value 103 Oct 21, 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 -130K -100% $0.00 0 Oct 21, 2024 Common Stock, $1 2/3 Par Value 130K Direct F4, F5
* 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 October 21, 2024. Original grant date was October 21, 2019. This vesting represents one-fifth of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F2 Includes 454.0838 shares acquired through Wells Fargo & Company's (the "Company") dividend reinvestment plan on 3/7/2024.
F3 Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of September 30, 2024, as if investable cash equivalents held by the Plan were fully invested in the Company common stock.
F4 Each RSR represents a contingent right to receive one share of Company common stock.
F5 These RSRs vest in five installments: one-fifth on 10/21/2020, 10/21/2021, 10/21/2022, 10/21/2023, and 10/21/2024. 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.