Ather Williams III - 05 Mar 2024 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
07 Mar 2024, 20:21:25 UTC
Prior SEC filing
29 Feb 2024
Next SEC filing
16 Oct 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Ather Williams III, by Meghan Daly, as Attorney-In-Fact

Key filing fact

Ather Williams III filed Form 4 for WELLS FARGO & COMPANY/MN (WFC) on 07 Mar 2024.

Key facts

  • This page summarizes Ather Williams III's Form 4 filing for WELLS FARGO & COMPANY/MN (WFC).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 07 Mar 2024, 20:21.

Change

  • Previous filing in this sequence was filed on 29 Feb 2024.
  • Current net transaction value: -$2,709,860.

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
+93,990
Change %
+53%
Price
$0.000000
Shares after
271,323
Date
05 Mar 2024
Ownership
Direct
Footnotes
F1
WFC transaction

Common Stock, $1 2/3 Par Value

Tax liability

Transaction value
$2,709,860
Shares
-47,877
Change %
-18%
Price
$56.60
Shares after
223,446
Date
05 Mar 2024
Ownership
Direct

Reported derivative securities

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

WFC transaction Derivative

2021 Performance Shares

Options Exercise

Transaction value
$0
Shares
-93,990
Change %
-100%
Price
$0.000000*
Shares after
0
Date
05 Mar 2024
Ownership
Direct
Underlying class
Common Stock, $1 2/3 Par Value
Underlying amount
93,990
Exercise price
Footnotes
F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

These shares represent common stock of Wells Fargo & Company (the "Company") acquired on March 5, 2024 upon settlement of a Performance Share award granted on January 26, 2021 for the three-year performance period ended December 31, 2023 (as previously disclosed on a Form 4 filed on February 29, 2024), plus dividend equivalents invested in additional Performance Shares.

Footnote F2

Each Performance Share represents a contingent right to receive one share of Company common stock upon vesting.

Footnote F3

Represents the number of 2021 Performance Shares determined based on financial performance for the three-year performance period ended December 31, 2023 pursuant to the terms and conditions of a Performance Share award granted on January 26, 2021, plus dividend equivalents invested in additional Performance Shares, which is exempt under Rule 16b-3(d). 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.

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