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

Director Steven D. Black reports acquisition of phantom stock units and adjustments to common stock holdings through dividend reinvestment.

Summary

• Steven D. Black, a director of Wells Fargo & Company, filed a Form 4 on April 3, 2025, reporting changes in beneficial ownership.
• The report indicates the acquisition of 1,227.0369 phantom stock units on April 1, 2025, at a price of $71.31 per unit.
• These phantom stock units represent the right to receive one share of Wells Fargo & Company common stock each.
• The report also notes adjustments to common stock holdings due to participation in a dividend reinvestment program.
• Following the reported transactions, Mr. Black directly owns 136.9629 shares of Wells Fargo common stock.
• Mr. Black also beneficially owns 51,220.5256 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating neutral sentiment.

Future Outlook

Deferred compensation shares 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.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Beneficial Ownership, Wells Fargo, Director, Steven D. Black, Phantom Stock Units, Dividend Reinvestment, WFC