Form 4 for WFC Wells Fargo
Accepted 2023-03-17 00:00:00 ET · period of report 2023-03-15 · accession 0001127602-23-010587 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-03-17 | 2023-03-15 | WFC | Flowers Derek A. | CRO, Sr. EVP | F - Tax | $38.85 | -8,462 | 7,244 | -54% | -$328.7K |
| DM | 2023-03-17 | 2023-03-15 | WFC | Flowers Derek A. | CRO, Sr. EVP | M - OptEx | $0.00 | +19.1K | 13.6K | New | $0 |
| DM | 2023-03-17 | 2023-03-15 | WFC | Flowers Derek A. | CRO, Sr. EVP | M - OptEx | $0.00 | -19.1K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, $1 2/3 Par Value | 2023-03-15 | F | D | 2,811.41 | $38.85 | 10,791 | D | — | — | |
| 2 | Common | Common Stock, $1 2/3 Par Value | 2023-03-15 | F | D | 5,650.18 | $38.85 | 7,244 | D | — | — | |
| 3 | Common | Common Stock, $1 2/3 Par Value | 2023-03-15 | M | A | 12,781.18 | $0.00 | 12,894.18 | D | — | — | (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 113 shares acquired through the Company's dividend reinvestment plan on 3/2/2023. |
| 4 | Common | Common Stock, $1 2/3 Par Value | 2023-03-15 | M | A | 6,358.41 | $0.00 | 13,602.41 | D | — | — | (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). |
| 5 | Derivative | Restricted Share Right | 2023-03-15 | M | D | 6,358.41 | $0.00 | 0 | D | — · — to — | 6,358.41 Common Stock, $1 2/3 Par Value | (F9) Each RSR represents a contingent right to receive one share of Company common stock. (F10) 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. |
| 6 | Derivative | 2020 Performance Shares | 2023-03-15 | M | D | 12,781.18 | $0.00 | 0 | D | — · — to — | 12,781.18 Common Stock, $1 2/3 Par Value | (F7) Each Performance Share represents a contingent right to receive one share of Company common stock upon vesting. (F8) 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. |