Charles W. Scharf - Dec 9, 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
Dec 9, 2024
Transactions value $
-$692,092
Form type
4
Date filed
12/11/2024, 07:49 PM
Previous filing
Oct 23, 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 +1.3K +0.15% $0.00 860K Dec 9, 2024 Direct
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$94.5K -1.3K -0.15% $72.62 858K Dec 9, 2024 Direct F1
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +3.14K +0.37% $0.00 862K Dec 9, 2024 Direct
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$228K -3.14K -0.36% $72.62 858K Dec 9, 2024 Direct F1
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +5.09K +0.59% $0.00 864K Dec 9, 2024 Direct
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$370K -5.09K -0.59% $72.62 858K Dec 9, 2024 Direct F1
holding WFC Common Stock, $1 2/3 Par Value 410 Dec 9, 2024 Through 401(k) Plan F2
holding WFC Common Stock, $1 2/3 Par Value 103 Dec 9, 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 -1.3K -3.32% $0.00 37.8K Dec 9, 2024 Common Stock, $1 2/3 Par Value 1.3K Direct F3, F4
transaction WFC Restricted Share Right Options Exercise $0 -3.14K -3.4% $0.00 89K Dec 9, 2024 Common Stock, $1 2/3 Par Value 3.14K Direct F3, F5
transaction WFC Restricted Share Right Options Exercise $0 -5.09K -3.51% $0.00 140K Dec 9, 2024 Common Stock, $1 2/3 Par Value 5.09K Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the withholding of shares by Wells Fargo & Company (the "Company") to satisfy FICA taxes arising from the Reporting Person becoming retirement eligible.
F2 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 the Company common stock.
F3 Each Restricted Share Right ("RSR") represents a contingent right to receive one share of Company common stock.
F4 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.
F5 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.
F6 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.