SLOAN TIMOTHY J 4
4 · WELLS FARGO & COMPANY/MN · Filed Feb 28, 2019
Insider Transaction Report
Form 4
SLOAN TIMOTHY J
Sr. EVP & Chief Admin. Officer
Transactions
- Award
2016 Performance Shares
2019-02-26+354,415.636→ 354,415.636 total→ Common Stock, $1 2/3 Par Value (354,415.636 underlying)
Holdings
- 92,507(indirect: Through GRAT)
Common Stock, $1 2/3 Par Value
- 835,503.297
Common Stock, $1 2/3 Par Value
- 19,817.03(indirect: By 401(k))
Common Stock, $1 2/3 Par Value
Footnotes (3)
- [F1]Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of January 31, 2019, as if investable cash equivalents held by Plan were fully invested in Wells Fargo & Company (the "Company") common stock.
- [F2]Each Performance Share represents a contingent right to receive one share of Company common stock upon vesting based on the attainment of pre-established performance goals.
- [F3]Represents the final number of 2016 Performance Shares earned based on the Company's attainment of pre-established performance goals for the three-year performance period ended December 31, 2018, as provided under the terms of a Performance Share award granted on February 23, 2016, which is exempt under Rule 16b-3(d). The 2016 Performance Shares will be settled in shares of common stock of the Company on March 15, 2019. As a condition to receiving the award, 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.