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

Wells Fargo director Ronald Sargent reports the acquisition of phantom stock units and adjustments to his holdings of common stock through a revocable trust.

Summary

• On April 1, 2024, Ronald Sargent, a director of Wells Fargo & Company, reported a transaction involving phantom stock units.
• Sargent acquired 650.9287 phantom stock units, each representing the right to receive one share of Wells Fargo common stock.
• The price of the derivative security was $57.61.
• Following the transaction, Sargent directly owns 63,006.9143 phantom stock units.
• Sargent also indirectly owns 18,050 shares of Wells Fargo common stock through a revocable trust.
• The phantom stock units are deferred compensation shares payable in installments based upon the director's election.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It simply reports a transaction by a company director.

Future Outlook

The phantom stock units are deferred compensation shares 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 director Sargent's holdings.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a change in the director's holdings, but does not represent a significant shift in ownership.

Key Dates