Michael P. Santomassimo - 05 Feb 2025 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Reporting relationship: Sr. EVP & CFO
Issuer ticker: WFC
Reported as of: 05 Feb 2025
Net transaction value: -$3,202,290
SEC form: 4
Accepted by SEC: 07 Feb 2025, 18:02:16 UTC
Prior SEC filing: 30 Jan 2025
Next SEC filing: 26 Feb 2025
Source filing: View source filing
Reporting owner signature: Michael P. Santomassimo, by Meghan Daly, as Attorney-in-Fact

Key filing fact

Michael P. Santomassimo filed Form 4 for WELLS FARGO & COMPANY/MN (WFC) on 07 Feb 2025.

Key facts

This page summarizes Michael P. Santomassimo's Form 4 filing for WELLS FARGO & COMPANY/MN (WFC).
9 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 07 Feb 2025, 18:02.

Change

Previous filing in this sequence was filed on 30 Jan 2025.
Current net transaction value: -$3,202,290.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WFC transaction

Common Stock, $1 2/3 Par Value

Options Exercise

Transaction value: $0
Shares: +26,475
Change %: +8.6%
Price: $0.000000
Shares after: 334,183
Date: 05 Feb 2025
Ownership: Direct
Footnotes: F1

WFC transaction

Common Stock, $1 2/3 Par Value

Tax liability

Transaction value: $1,074,724
Shares: -13,524
Change %: -4%
Price: $79.47
Shares after: 320,659
Date: 05 Feb 2025
Ownership: Direct

WFC transaction

Common Stock, $1 2/3 Par Value

Options Exercise

Transaction value: $0
Shares: +29,091
Change %: +9.1%
Price: $0.000000
Shares after: 349,750
Date: 05 Feb 2025
Ownership: Direct
Footnotes: F2

WFC transaction

Common Stock, $1 2/3 Par Value

Tax liability

Transaction value: $1,181,044
Shares: -14,862
Change %: -4.2%
Price: $79.47
Shares after: 334,888
Date: 05 Feb 2025
Ownership: Direct

WFC transaction

Common Stock, $1 2/3 Par Value

Options Exercise

Transaction value: $0
Shares: +27,011
Change %: +8.1%
Price: $0.000000
Shares after: 361,899
Date: 05 Feb 2025
Ownership: Direct
Footnotes: F3

WFC transaction

Common Stock, $1 2/3 Par Value

Tax liability

Transaction value: $946,521
Shares: -11,910
Change %: -3.3%
Price: $79.47
Shares after: 349,989
Date: 05 Feb 2025
Ownership: Direct

WFC holding

Common Stock, $1 2/3 Par Value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 874
Date: 05 Feb 2025
Ownership: Through 401(k) Plan
Footnotes: F4

WFC holding

Common Stock, $1 2/3 Par Value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,000
Date: 05 Feb 2025
Ownership: Through Spouse's IRA

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WFC transaction Derivative

Restricted Share Right

Options Exercise

Transaction value: $0
Shares: -26,475
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 05 Feb 2025
Ownership: Direct
Underlying class: Common Stock, $1 2/3 Par Value
Underlying amount: 26,475
Exercise price
Footnotes: F5, F6

WFC transaction Derivative

Restricted Share Right

Options Exercise

Transaction value: $0
Shares: -29,091
Change %: -50%
Price: $0.000000
Shares after: 29,091
Date: 05 Feb 2025
Ownership: Direct
Underlying class: Common Stock, $1 2/3 Par Value
Underlying amount: 29,091
Exercise price
Footnotes: F5, F7

WFC transaction Derivative

Restricted Share Right

Options Exercise

Transaction value: $0
Shares: -27,011
Change %: -33%
Price: $0.000000
Shares after: 54,020
Date: 05 Feb 2025
Ownership: Direct
Underlying class: Common Stock, $1 2/3 Par Value
Underlying amount: 27,011
Exercise price
Footnotes: F5, F8

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

Number of shares represents a Restricted Share Right ("RSR") vesting on February 5, 2025. 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).

Footnote F2

Number of shares represents a RSR vesting on February 5, 2025. 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).

Footnote F3

Number of shares represents a RSR vesting on February 5, 2025. Original grant date was January 23, 2024. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).

Footnote F4

Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of January 31, 2025, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company (the "Company") common stock.

Footnote F5

Each RSR represents a contingent right to receive one share of Company common stock.

Footnote 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.

Footnote 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.

Footnote F8

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.