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 disposition of common stock through a revocable trust.

Summary

• On July 1, 2024, Ronald Sargent, a director of Wells Fargo & Company, reported a transaction involving the acquisition of 618.914 phantom stock units.
• Each phantom stock unit represents the right to receive one share of Wells Fargo & Company common stock.
• The price of the derivative security was $60.59.
• Sargent also reported the disposition of 81 shares of common stock.
• Additionally, Sargent indirectly holds 18,050 shares of common stock through a revocable trust.
• The reporting person has elected to defer compensation shares payable in installments.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

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

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities. This filing indicates changes in Ronald Sargent's beneficial ownership of Wells Fargo stock.

Stakeholder Impact

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

Key Dates