4//SEC Filing
Weiss Jonathan G. 4
Accession 0001127602-23-010614
CIK 0000072971other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 3:48 PM ET
Size
16.1 KB
Accession
0001127602-23-010614
Insider Transaction Report
Form 4
Weiss Jonathan G.
Sr. Executive Vice President
Transactions
- Exercise/Conversion
Common Stock, $1 2/3 Par Value
2023-03-15+30,499.561→ 279,255.561 total - Tax Payment
Common Stock, $1 2/3 Par Value
2023-03-15$38.85/sh−16,866.561$655,266→ 262,389 total - Exercise/Conversion
Common Stock, $1 2/3 Par Value
2023-03-15+15,173.089→ 277,562.089 total - Tax Payment
Common Stock, $1 2/3 Par Value
2023-03-15$38.85/sh−8,035.089$312,163→ 269,527 total - Exercise/Conversion
2020 Performance Shares
2023-03-15−30,499.561→ 0 total→ Common Stock, $1 2/3 Par Value (30,499.561 underlying) - Exercise/Conversion
Restricted Share Right
2023-03-15−15,173.089→ 0 total→ Common Stock, $1 2/3 Par Value (15,173.089 underlying)
Holdings
- 7,612.97(indirect: By 401(k))
Common Stock, $1 2/3 Par Value
Footnotes (8)
- [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 158 shares acquired through the Company's dividend reinvestment plan 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]Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of February 28, 2023, as if investable cash equivalents held by the Plan were fully invested in Company common stock.
- [F5]Each Performance Share represents a contingent right to receive one share of Company common stock upon vesting.
- [F6]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.
- [F7]Each RSR represents a contingent right to receive one share of Company common stock.
- [F8]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 0001710558
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 3:48 PM ET
- Size
- 16.1 KB