Michael S. Weinbach - Jun 18, 2022 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. Executive Vice President
Signature
Michael S. Weinbach, by Robert J. Kaukol, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Jun 18, 2022
Transactions value $
-$1,435,378
Form type
4
Date filed
6/22/2022, 11:56 AM
Previous filing
Feb 8, 2022
Next filing
Feb 9, 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 +73.1K +80.91% $0.00 163K Jun 18, 2022 Direct F1, F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$1.44M -37.3K -22.83% $38.48 126K Jun 18, 2022 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 -73.1K -50% $0.00 73.1K Jun 18, 2022 Common Stock, $1 2/3 Par Value 73.1K 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 June 18, 2022. 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 Includes 65 shares acquired through Wells Fargo & Company's (the "Company") dividend reinvestment plan on 3/1/2022.
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 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.