Scott Powell - Dec 9, 2024 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
SEVP & Chief Operating Officer
Signature
Scott E. Powell, by Meghan Daly, as Attorney-In-Fact
Stock symbol
WFC
Transactions as of
Dec 9, 2024
Transactions value $
-$330,369
Form type
4
Date filed
12/11/2024, 07:45 PM
Previous filing
Mar 7, 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 +672 +0.28% $0.00 243K Dec 9, 2024 Direct F1
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$48.8K -672 -0.28% $72.62 242K Dec 9, 2024 Direct F2
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +1.51K +0.63% $0.00 244K Dec 9, 2024 Direct
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$110K -1.51K -0.62% $72.62 242K Dec 9, 2024 Direct F2
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +2.36K +0.98% $0.00 244K Dec 9, 2024 Direct
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$172K -2.36K -0.97% $72.62 242K Dec 9, 2024 Direct F2
holding WFC Common Stock, $1 2/3 Par Value 3.97K Dec 9, 2024 Through 401(k) Plan F3

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 -672 -3.23% $0.00 20.1K Dec 9, 2024 Common Stock, $1 2/3 Par Value 672 Direct F4, F5
transaction WFC Restricted Share Right Options Exercise $0 -1.51K -3.31% $0.00 44.2K Dec 9, 2024 Common Stock, $1 2/3 Par Value 1.51K Direct F4, F6
transaction WFC Restricted Share Right Options Exercise $0 -2.36K -3.41% $0.00 66.9K Dec 9, 2024 Common Stock, $1 2/3 Par Value 2.36K Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 231.0986 shares acquired through Wells Fargo & Company's (the "Company") dividend reinvestment plan on 3/7/2024.
F2 Represents the withholding of shares by the Company to satisfy FICA taxes arising from the Reporting Person becoming retirement eligible.
F3 Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of November 29, 2024, as if investable cash equivalents held by the Plan were fully invested in Company common stock.
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 2/5/2023, 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. The vesting amounts and number of derivative securities in column 5 reflect the withholding of RSRs for payment of FICA taxes.
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. The vesting amounts and number of derivative securities in column 5 reflect the withholding of RSRs for payment of FICA taxes.
F7 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. The vesting amounts and number of derivative securities in column 5 reflect the withholding of RSRs for payment of FICA taxes.