Form 4: Wells Fargo Director Ronald Sargent Reports Changes in Beneficial Ownership

Ronald Sargent, a director at Wells Fargo, reported changes in his beneficial ownership of company stock and phantom stock units as of January 1, 2025.

Summary

• On January 1, 2025, Ronald Sargent, a director of Wells Fargo & Company, reported changes in his beneficial ownership of Wells Fargo securities.
• The report indicates the acquisition of 81 shares of common stock.
• Sargent also acquired 533.8838 phantom stock units, each representing the right to receive one share of Wells Fargo common stock.
• Following the reported transactions, Sargent directly owns 65,984.4623 shares of Wells Fargo common stock.
• He also indirectly owns 18,050 shares through a revocable trust.
• The price of the derivative security (phantom stock units) was $70.24.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing; sentiment is neither positive nor negative.

Future Outlook

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in director Ronald Sargent's holdings of Wells Fargo stock and derivative securities.

Stakeholder Impact

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

Key Dates