4//SEC Filing
DALEY WILLIAM M 4
Accession 0001127602-23-010584
CIK 0000072971other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 3:07 PM ET
Size
16.6 KB
Accession
0001127602-23-010584
Insider Transaction Report
Form 4
DALEY WILLIAM M
Vice Chairman - Public Affairs
Transactions
- Exercise/Conversion
Common Stock, $1 2/3 Par Value
2023-03-15+3,227.472→ 41,942.112 total - Tax Payment
Common Stock, $1 2/3 Par Value
2023-03-15$38.35/sh−1,505.472$57,735→ 40,436.639 total - Exercise/Conversion
Common Stock, $1 2/3 Par Value
2023-03-15+1,605.692→ 42,042.331 total - Tax Payment
Common Stock, $1 2/3 Par Value
2023-03-15$38.85/sh−711.692$27,649→ 41,330.639 total - Exercise/Conversion
2020 Performance Shares
2023-03-15−3,227.472→ 0 total→ Common Stock, $1 2/3 Par Value (3,227.472 underlying) - Exercise/Conversion
Restricted Share Right
2023-03-15−1,605.692→ 0 total→ Common Stock, $1 2/3 Par Value (1,605.692 underlying)
Holdings
- 5,600(indirect: By IRA)
Common Stock, $1 2/3 Par Value
- 5,500(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 15, 2023 upon settlement of a Performance Share award granted on March 3, 2020 for the three-year performance period ended December 31, 2022 (as previously disclosed on a Form 4 filed on March 1, 2023).
- [F2]Includes the following shares acquired through the Company's dividend reinvestment plan: 71.99 shares on 3/1/2023 and 80 shares on 3/2/2023.
- [F3]Number of shares represents a Restricted Share Right ("RSR") vesting on March 15, 2023. Original grant date was March 3, 2020. This vesting represents one-third of the original amount of RSRs granted (plus dividend equivalents reinvested in additional RSRs).
- [F4]Each Performance Share represents a contingent right to receive one share of Company common stock upon vesting.
- [F5]Represents the number of 2020 Performance Shares determined based on financial performance for the three-year performance period ended December 31, 2022 pursuant to the terms and conditions of a Performance Share award granted on March 3, 2020, 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.
- [F6]Each RSR represents a contingent right to receive one share of Company common stock.
- [F7]These RSRs vest in three installments: one-third on 3/15/2021, 3/15/2022, and 3/15/2023. 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.
Documents
Issuer
WELLS FARGO & COMPANY/MN
CIK 0000072971
Entity typeother
Related Parties
1- filerCIK 0001183865
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 3:07 PM ET
- Size
- 16.6 KB