Charles W. Scharf - 27 Feb 2023 Form 4 Insider Report for WELLS FARGO & COMPANY/MN (WFC)

Role: CEO & President, Director
Signature: Charles W. Scharf, by Janet McGinness, as Attorney-in-Fact
Issuer symbol: WFC
Transactions as of: 27 Feb 2023
Transactions value $: $0
Form type: 4
Date filed: 01 Mar 2023, 16:13
Previous filing: 07 Feb 2023
Next filing: 17 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	WFC	Common Stock, $1 2/3 Par Value						422K	27 Feb 2023	Direct
holding	WFC	Common Stock, $1 2/3 Par Value						103	27 Feb 2023	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	2020 Performance Shares	Award	$0	+239K		$0.00	239K	27 Feb 2023	Common Stock, $1 2/3 Par Value	239K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Performance Share represents a contingent right to receive one share of Wells Fargo & Company (the "Company") common stock upon vesting.
F2	Represents the number of 2020 Performance Shares determined based on financial performance for the three-year performance period ended December 31, 2022 pursuant to the terms and conditions of a Performance Share award granted on March 3, 2020, which is exempt under Rule 16b-3(d). 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.

Content

Each Performance Share represents a contingent right to receive one share of Wells Fargo & Company (the "Company") common stock upon vesting.

Represents the number of 2020 Performance Shares determined based on financial performance for the three-year performance period ended December 31, 2022 pursuant to the terms and conditions of a Performance Share award granted on March 3, 2020, which is exempt under Rule 16b-3(d). 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.