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

Director Ronald Sargent reports acquiring phantom stock units and adjustments to his holdings of Wells Fargo common stock.

Summary

• On April 1, 2025, Ronald Sargent, a director of Wells Fargo & Company, reported a transaction involving the acquisition of 525.8729 phantom stock units.
• These phantom stock units represent the right to receive one share of Wells Fargo & Company common stock each.
• The price of the phantom stock units was $71.31.
• Following the transaction, Sargent directly owns 66,847.3349 phantom stock units.
• Sargent also directly owns 81 shares of Wells Fargo common stock and indirectly owns 18,050 shares through a revocable trust.

Sentiment

Score: 5

Explanation: This is a neutral report on a routine transaction. It doesn't indicate positive or negative sentiment.

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 transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates

Keywords

Form 4, Wells Fargo, WFC, Director, Ronald Sargent, Phantom Stock Units, Beneficial Ownership, Securities