Form 4: Wells Fargo Director Wayne M. Hewett Reports Acquisition of Common Stock Units

Wayne M. Hewett, a director of Wells Fargo & Company, reported the acquisition of common stock units on April 29, 2025.

Summary

• On April 29, 2025, Wayne M. Hewett, a director of Wells Fargo & Company, acquired 3,728 common stock units.
• These units vested upon grant but settlement is deferred until termination of service as a director or a later date elected by the director.
• Each common stock unit represents the right to receive one share of Wells Fargo common stock.
• The reporting person directly owns 101 shares of Common Stock, $1 2/3 Par Value.
• Following the reported transaction, Mr. Hewett beneficially owns 14,108.4723 derivative securities.

Sentiment

Score: 5

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

Future Outlook

Settlement of the common stock units is deferred until the director's termination of service or a later elected date.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of common stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

Form 4, Wells Fargo, Director, Common Stock Units, Beneficial Ownership, WFC, Hewett