Form 4: Wells Fargo Director Ronald Sargent Reports Acquisition of Phantom Stock Units

Wells Fargo director Ronald Sargent reported the acquisition of phantom stock units and a change in direct ownership of common stock.

Summary

• On October 1, 2024, Ronald Sargent, a director of Wells Fargo & Company, reported a transaction involving the acquisition of 677.0175 phantom stock units.
• These phantom stock units represent the right to receive one share of Wells Fargo common stock each.
• The price of the derivative security was $55.39.
• Sargent also reported a change in the amount of common stock directly owned.
• Following the reported transactions, Sargent directly owns 65,108.6661 shares of common stock and indirectly owns 18,050 shares through a revocable trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

Deferred compensation shares are payable in installments based upon director's election.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.

Key Dates