Williams Ather III 4
4 · WELLS FARGO & COMPANY/MN · Filed Mar 7, 2024
Insider Transaction Report
Form 4
Williams Ather III
Sr. Executive Vice President
Transactions
- Tax Payment
Common Stock, $1 2/3 Par Value
2024-03-05$56.60/sh−47,877.383$2,709,860→ 223,445.74 total - Exercise/Conversion
2021 Performance Shares
2024-03-05−93,989.974→ 0 total→ Common Stock, $1 2/3 Par Value (93,989.974 underlying) - Exercise/Conversion
Common Stock, $1 2/3 Par Value
2024-03-05+93,989.974→ 271,323.124 total
Footnotes (3)
- [F1]These shares represent common stock of Wells Fargo & Company (the "Company") acquired on March 5, 2024 upon settlement of a Performance Share award granted on January 26, 2021 for the three-year performance period ended December 31, 2023 (as previously disclosed on a Form 4 filed on February 29, 2024), plus dividend equivalents invested in additional Performance Shares.
- [F2]Each Performance Share represents a contingent right to receive one share of Company common stock upon vesting.
- [F3]Represents the number of 2021 Performance Shares determined based on financial performance for the three-year performance period ended December 31, 2023 pursuant to the terms and conditions of a Performance Share award granted on January 26, 2021, plus dividend equivalents invested in additional Performance Shares, 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.