William M. Daley - Dec 15, 2022 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Vice Chairman - Public Affairs
Signature
William M. Daley, by Janet McGinness, as Attorney-in-Fact
Stock symbol
WFC
Transactions as of
Dec 15, 2022
Transactions value $
-$158,560
Form type
4
Date filed
12/19/2022, 11:40 AM
Previous filing
Mar 17, 2022
Next filing
Jan 26, 2023

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 +8.32K +41.1% $0.00 28.6K Dec 15, 2022 Direct F1, F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$159K -3.83K -13.42% $41.37 24.7K Dec 15, 2022 Direct
holding WFC Common Stock, $1 2/3 Par Value 5.6K Dec 15, 2022 Through IRA
holding WFC Common Stock, $1 2/3 Par Value 5.5K Dec 15, 2022 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 -8.32K -100% $0.00* 0 Dec 15, 2022 Common Stock, $1 2/3 Par Value 8.32K 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, 2022. 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: 60.171 shares on 6/1/2022, 75.285 shares on 9/1/2022, and 72.4744 shares on 12/1/2022.
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 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.

Remarks:

Exhibit 24 - Power of Attorney