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

Director Steven D. Black reports acquisition and disposal of Wells Fargo common stock and common stock units.

Summary

• Steven D. Black, a director of Wells Fargo & Company, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On April 30, 2024, Black acquired 4,046 common stock units, which vest upon grant but with settlement deferred.
• Each common stock unit represents the right to receive one share of Wells Fargo common stock.
• Also on April 30, 2024, Black disposed of 133.844 shares of common stock.
• The price of the derivative security was $59.32.
• Following the reported transactions, Black beneficially owns 10,106.1884 derivative securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of their confidence in the company's future performance.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company directors as an indicator of company performance.

Key Dates