4//SEC Filing
LEVY RICHARD 4
Accession 0001127602-20-012245
CIK 0000072971other
Filed
Mar 30, 8:00 PM ET
Accepted
Mar 31, 4:36 PM ET
Size
17.6 KB
Accession
0001127602-20-012245
Insider Transaction Report
Form 4
LEVY RICHARD
Executive VP & Controller
Transactions
- Tax Payment
Common Stock, $1 2/3 Par Value
2020-03-29$30.28/sh−1,634.324$49,487→ 66,137 total - Exercise/Conversion
2017 Performance Shares
2020-03-29−45,485.483→ 0 total→ Common Stock, $1 2/3 Par Value (45,485.483 underlying) - Exercise/Conversion
Restricted Share Right
2020-03-29−3,858.324→ 7,716.647 total→ Common Stock, $1 2/3 Par Value (3,858.324 underlying) - Exercise/Conversion
Common Stock, $1 2/3 Par Value
2020-03-29+45,485.483→ 82,264.483 total - Tax Payment
Common Stock, $1 2/3 Par Value
2020-03-29$30.28/sh−18,351.483$555,683→ 63,913 total - Exercise/Conversion
Common Stock, $1 2/3 Par Value
2020-03-29+3,858.324→ 67,771.324 total
Holdings
- 99(indirect: By IRA)
Common Stock, $1 2/3 Par Value
- 2,507.31(indirect: By 401(k))
Common Stock, $1 2/3 Par Value
- 95,222(indirect: By Trust)
Common Stock, $1 2/3 Par Value
Footnotes (7)
- [F1]These shares represent common stock of Wells Fargo & Company (the "Company") acquired on March 29, 2020 upon settlement of a Performance Share award granted on February 28, 2017 for the three-year performance period ended December 31, 2019 (as previously disclosed on a Form 4 filed on March 5, 2020).
- [F2]Number of shares represents a Restricted Share Right ("RSR") vesting on March 29, 2020. Original grant date was February 26, 2019. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
- [F3]Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of February 28, 2020, as if investable cash equivalents held by the Plan were fully invested in Company common stock.
- [F4]Each Performance Share represents a contingent right to receive one share of Company common stock upon vesting.
- [F5]Represents the number of 2017 Performance Shares determined based on the Company's attainment of pre-established financial performance goals for the three-year performance period ended December 31, 2019, subject to the terms and conditions of a Performance Share award granted on February 28, 2017, which is exempt under Rule 16b-3(d). 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.
- [F6]Each RSR represents a contingent right to receive one share of Company common stock.
- [F7]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.
Documents
Issuer
WELLS FARGO & COMPANY/MN
CIK 0000072971
Entity typeother
Related Parties
1- filerCIK 0001201666
Filing Metadata
- Form type
- 4
- Filed
- Mar 30, 8:00 PM ET
- Accepted
- Mar 31, 4:36 PM ET
- Size
- 17.6 KB