Lester Owens - 05 Feb 2023 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Reporting relationship: Sr. Executive Vice President
Issuer ticker: WFC
Reported as of: 05 Feb 2023
Net transaction value: -$645,000
SEC form: 4
Accepted by SEC: 07 Feb 2023, 14:02:21 UTC
Prior SEC filing: 26 Jan 2023
Next SEC filing: 08 Mar 2024
Source filing: View source filing
Reporting owner signature: Lester Owens, by Janet McGinness, as Attorney-in-Fact

Key filing fact

Lester Owens filed Form 4 for WELLS FARGO & COMPANY/MN (WFC) on 07 Feb 2023.

Key facts

This page summarizes Lester Owens's Form 4 filing for WELLS FARGO & COMPANY/MN (WFC).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 07 Feb 2023, 14:02.

Change

Previous filing in this sequence was filed on 26 Jan 2023.
Current net transaction value: -$645,000.

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: +17,642
Change %: +19%
Price: $0.000000
Shares after: 109,025
Date: 05 Feb 2023
Ownership: Direct
Footnotes: F1

WFC transaction

Common Stock, $1 2/3 Par Value

Tax liability

Transaction value: $408,827
Shares: -8,592
Change %: -7.9%
Price: $47.58
Shares after: 100,433
Date: 05 Feb 2023
Ownership: Direct

WFC transaction

Common Stock, $1 2/3 Par Value

Options Exercise

Transaction value: $0
Shares: +10,192
Change %: +10%
Price: $0.000000
Shares after: 110,625
Date: 05 Feb 2023
Ownership: Direct
Footnotes: F2

WFC transaction

Common Stock, $1 2/3 Par Value

Tax liability

Transaction value: $236,174
Shares: -4,964
Change %: -4.5%
Price: $47.58
Shares after: 105,661
Date: 05 Feb 2023
Ownership: Direct

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: -17,642
Change %: -50%
Price: $0.000000
Shares after: 17,642
Date: 05 Feb 2023
Ownership: Direct
Underlying class: Common Stock, $1 2/3 Par Value
Underlying amount: 17,642
Exercise price
Footnotes: F3, F4

WFC transaction Derivative

Restricted Share Right

Options Exercise

Transaction value: $0
Shares: -10,192
Change %: -33%
Price: $0.000000
Shares after: 20,381
Date: 05 Feb 2023
Ownership: Direct
Underlying class: Common Stock, $1 2/3 Par Value
Underlying amount: 10,192
Exercise price
Footnotes: F3, F5

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Number of shares represents a Restricted Share Right ("RSR") vesting on February 5, 2023. Original grant date was January 26, 2021. 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, 2023. 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 F3

Each RSR represents a contingent right to receive one share of Wells Fargo & Company (the "Company") common stock.

Footnote F4

These RSRs vest in three installments: one-third on 2/5/2022, 2/5/2023 and 2/5/2024. 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.

Footnote 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.