Michael P. Santomassimo - 05 Feb 2022 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role
Sr. EVP & CFO
Signature
Michael P. Santomassimo, by Robert J. Kaukol, as Attorney-in-Fact
Issuer symbol
WFC
Transactions as of
05 Feb 2022
Transactions value $
-$3,950,837
Form type
4
Filing time
08 Feb 2022, 12:18:51 UTC
Previous filing
27 Jan 2022
Next filing
26 Jan 2023
SEC
View on sec.gov

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 +40.4K $0.00 40.4K 05 Feb 2022 Direct F1
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$1.16M -20.6K -51.05% $56.33 19.8K 05 Feb 2022 Direct
transaction WFC Common Stock, $1 2/3 Par Value Options Exercise $0 +97K +490.77% $0.00 117K 05 Feb 2022 Direct F2
transaction WFC Common Stock, $1 2/3 Par Value Tax liability -$2.79M -49.5K -42.41% $56.33 67.2K 05 Feb 2022 Direct
holding WFC Common Stock, $1 2/3 Par Value 1K 05 Feb 2022 Through Spouse's IRA

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 -40.4K -33.33% $0.00 80.8K 05 Feb 2022 Common Stock, $1 2/3 Par Value 40.4K Direct F3, F4
transaction WFC Restricted Share Right Options Exercise $0 -97K -40% $0.00 146K 05 Feb 2022 Common Stock, $1 2/3 Par Value 97K Direct F3, F5
* 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 February 5, 2022. Original grant date was January 26, 2021. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F2 Number of shares represents a RSR vesting on February 5, 2022. Original grant date was November 17, 2020. This vesting represents 40% of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
F3 Each RSR represents a contingent right to receive one share of Wells Fargo & Company (the "Company") common stock.
F4 These RSRs vest in three installments: one-third on 2/5/2022, 2/5/2023 and 2/5/2024. 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.
F5 These RSRs vest in two installments: 40% on 2/5/2022 and 60% on 2/5/2023. 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.