Tracy M. Kerrins - Mar 15, 2024 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
SR. EXECUTIVE VICE PRESIDENT
Signature
Tracy M. Kerrins, by Ryan T. Tollgaard, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Mar 15, 2024
Transactions value $
-$152,364
Form type
4
Date filed
3/19/2024, 04:50 PM
Previous filing
Feb 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 +5.96K +42.86% $0.00 19.9K Mar 15, 2024 Direct F1, F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$152K -2.65K -13.35% $57.51 17.2K Mar 15, 2024 Direct
holding WFC Common Stock, $1 2/3 Par Value 1.25K Mar 15, 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 -5.96K -100% $0.00* 0 Mar 15, 2024 Common Stock, $1 2/3 Par Value 5.96K 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 March 15, 2024. Original grant date was February 24, 2020. This vesting represents one-fourth of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F2 Includes 81.2688 shares acquired under the Wells Fargo & Company's (the "Company") dividend reinvestment plan subsequent to the date of the reporting person's most recent filing on Form 4.
F3 Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of February 29, 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 four installments: one-fourth on 3/15/2021, 3/15/2022, 3/15/2023, and 3/15/2024.