Parker C. Allen 4
4 · WELLS FARGO & COMPANY/MN · Filed Feb 28, 2019
Insider Transaction Report
Form 4
Parker C. Allen
Sr. Executive Vice President
Transactions
- Award
Restricted Share Right
2019-02-26+22,687→ 22,687 total→ Common Stock, $1 2/3 Par Value (22,687 underlying)
Footnotes (2)
- [F1]Each Restricted Share Right ("RSR") represents a contingent right to receive one share of Wells Fargo & Company (the "Company") common stock.
- [F2]These RSRs, which were awarded as a portion of long-term incentive compensation for 2019, vest in three installments: one-third on 3/15/2020, 3/15/2021, and 3/15/2022. As a condition to receiving the grant, the reporting person agreed to hold, while employed by the Company and for at least one year after retirement, shares of Company common stock equal to at least 50% of the after-tax shares (assuming a 50% tax rate) acquired upon vesting.