William M. Daley - Dec 15, 2021 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Vice Chairman - Public Affairs
Signature
William M. Daley, by Robert J. Kaukol, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Dec 15, 2021
Transactions value $
-$176,080
Form type
4
Date filed
12/17/2021, 11:06 AM
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 +8.13K +130.38% $0.00 14.4K Dec 15, 2021 Direct F1, F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$176K -3.6K -25.08% $48.90 10.8K Dec 15, 2021 Direct
holding WFC Common Stock, $1 2/3 Par Value 5.6K Dec 15, 2021 Through IRA
holding WFC Common Stock, $1 2/3 Par Value 5.5K Dec 15, 2021 Through Trust

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 -8.13K -50% $0.00 8.13K Dec 15, 2021 Common Stock, $1 2/3 Par Value 8.13K Direct F3, F4
* 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 December 15, 2021. Original grant date was November 19, 2019. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F2 Includes the following shares acquired through Wells Fargo & Company's (the "Company") dividend reinvestment plan: 27.829 shares on 9/1/2021 and 25.164 shares on 12/1/2021.
F3 Each RSR represents a contingent right to receive one share of Company common stock.
F4 These RSRs vest in three installments: one-third on 12/15/2020, 12/15/2021, and 12/15/2022. 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.