Santomassimo Michael P. 4
4 · WELLS FARGO & COMPANY/MN · Filed Mar 7, 2025
Insider Transaction Report
Form 4
Santomassimo Michael P.
Sr. EVP & CFO
Transactions
- Tax Payment
Common Stock, $1 2/3 Par Value
2025-03-05$73.30/sh−57,148.515$4,188,986→ 404,606.53 total - Exercise/Conversion
2022 Performance Shares
2025-03-05−111,766.148→ 0 total→ Common Stock, $1 2/3 Par Value (111,766.148 underlying) - Exercise/Conversion
Common Stock, $1 2/3 Par Value
2025-03-05+111,766.148→ 461,755.045 total
Holdings
- 1,000(indirect: By Spouse)
Common Stock, $1 2/3 Par Value
- 879.05(indirect: By 401(k))
Common Stock, $1 2/3 Par Value
Footnotes (4)
- [F1]These shares represent common stock of Wells Fargo & Company (the "Company") acquired on March 5, 2025 upon settlement of a Performance Share award granted on January 25, 2022 for the three-year performance period ended December 31, 2024, as previously disclosed on a Form 4 filed on February 26, 2025 (including reinvested dividend equivalents).
- [F2]Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of February 28, 2025, as if investable cash equivalents held by the Plan were fully invested in Company common stock.
- [F3]Each Performance Share represents a contingent right to receive one share of Company common stock upon vesting.
- [F4]Represents the number of 2022 Performance Shares (including reinvested dividend equivalents) determined based on financial performance for the three-year performance period ended December 31, 2024 pursuant to the terms and conditions of a Performance Share award granted on January 25, 2022, 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.