Michael S. Weinbach - Jun 18, 2021 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. Executive Vice President
Signature
Michael S. Weinbach, by Anthony R. Augliera, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Jun 18, 2021
Transactions value $
-$1,473,452
Form type
4
Date filed
6/22/2021, 12:17 PM
Next filing
Jan 27, 2022

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 +71.7K +176.14% $0.00 112K Jun 18, 2021 Direct F1
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$1.47M -35.3K -31.41% $41.75 77.1K Jun 18, 2021 Direct

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 -71.7K -33.33% $0.00 143K Jun 18, 2021 Common Stock, $1 2/3 Par Value 71.7K Direct F2, F3
* 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 June 18, 2021. Original grant date was June 18, 2020. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F2 Each RSR represents a contingent right to receive one share of Wells Fargo & Company (the "Company") common stock.
F3 These RSRs vest in three installments: one-third on 6/18/2021, 6/18/2022, and 6/18/2023. 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.