Weinbach Michael S 4
4 · WELLS FARGO & COMPANY/MN · Filed Jun 19, 2020
Insider Transaction Report
Form 4
Weinbach Michael S
Sr. Executive Vice President
Transactions
- Award
Restricted Share Right
2020-06-18+212,342→ 212,342 total→ Common Stock, $1 2/3 Par Value (212,342 underlying)
Holdings
- 40,691
Common Stock, $1 2/3 Par Value
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 vest in three installments: one-third on 6/18/2021, 6/18/2022, and 6/18/2023. 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.