DALEY WILLIAM M 4
4 · WELLS FARGO & COMPANY/MN · Filed Mar 7, 2024
Insider Transaction Report
Form 4
DALEY WILLIAM M
Vice Chairman - Public Affairs
Transactions
- Tax Payment
Common Stock, $1 2/3 Par Value
2024-03-05$56.60/sh−32,137.257$1,818,969→ 51,364.195 total - Exercise/Conversion
Common Stock, $1 2/3 Par Value
2024-03-05+63,050.778→ 83,501.452 total - Exercise/Conversion
2021 Performance Shares
2024-03-05−63,050.778→ 0 total→ Common Stock, $1 2/3 Par Value (63,050.778 underlying)
Holdings
- 5,600(indirect: By IRA)
Common Stock, $1 2/3 Par Value
- 46,912(indirect: By Trust)
Common Stock, $1 2/3 Par Value
Footnotes (3)
- [F1]These shares represent common stock of Wells Fargo & Company (the "Company") acquired on March 5, 2024 upon settlement of a Performance Share award granted on January 26, 2021 for the three-year performance period ended December 31, 2023 (as previously disclosed on a Form 4 filed on February 29, 2024), plus dividend equivalents invested in additional Performance Shares.
- [F2]Each Performance Share represents a contingent right to receive one share of Company common stock upon vesting.
- [F3]Represents the number of 2021 Performance Shares determined based on financial performance for the three-year performance period ended December 31, 2023 pursuant to the terms and conditions of a Performance Share award granted on January 26, 2021, plus dividend equivalents invested in additional Performance Shares, 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.