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

Director Wayne M. Hewett reports acquisition of phantom stock units representing the right to receive Wells Fargo common stock.

Summary

• On April 1, 2025, Wayne M. Hewett, a director of Wells Fargo & Company, reported the acquisition of 219.1137 phantom stock units.
• These units represent the right to receive one share of Wells Fargo common stock each.
• The price of the derivative security was $71.31.
• Following the transaction, Hewett directly owns 39,463.5393 phantom stock units.
• The phantom stock units are part of a deferred compensation plan payable in installments based upon the director's election.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of compensation.

Positives

• The acquisition of phantom stock units by a director signals confidence in the company's future performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing insights into the actions of company directors and officers.

Stakeholder Impact

• Shareholders may view the director's acquisition of phantom stock units positively, as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

Form 4, Wells Fargo, WFC, phantom stock units, director, Wayne M. Hewett, deferred compensation, beneficial ownership