Form 4: Wells Fargo Director Steven D. Black Reports Changes in Beneficial Ownership

Director Steven D. Black reports changes in beneficial ownership of Wells Fargo stock, including acquisitions through a dividend reinvestment plan and phantom stock units.

Summary

• Steven D. Black, a director of Wells Fargo & Company, filed a Form 4 on June 10, 2024, reporting changes in his beneficial ownership of the company's stock.
• The report indicates that Black acquired 0.787 shares of common stock through Wells Fargo's dividend reinvestment plan on June 4, 2024.
• He also acquired 1,528 phantom stock units on June 6, 2024, at a price of $57.73 per unit.
• Each phantom stock unit represents the right to receive one share of Wells Fargo common stock, payable in installments based on the director's election.
• Following these transactions, Black beneficially owns 44,647.941 shares of Wells Fargo common stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

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

Key Dates