Form 4: Wells Fargo Executive Derek A. Flowers Reports Changes in Beneficial Ownership

Derek A. Flowers, Sr. EVP and Chief Risk Officer of Wells Fargo, reports changes in his beneficial ownership of company stock through transactions including gifts and holdings through trusts and a 401(k) plan.

Summary

• Derek A. Flowers, a Senior EVP and Chief Risk Officer at Wells Fargo, filed a Form 4 detailing changes in his beneficial ownership of Wells Fargo securities.
• The reported transactions include gifts of common stock and adjustments to holdings through a trust and the 401(k) plan.
• On February 7, 2025, Mr. Flowers gifted 171 shares of common stock and on February 11, 2025, Mr. Flowers gifted 29,318 shares of common stock.
• Following these transactions, Mr. Flowers directly owns 29,318.0929 shares and indirectly owns 252,942.566 shares through a trust, 14,351.36 shares through a 401(k) plan, 354.913 shares through a spouse's IRA, and 25 preferred shares through a trust.

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership of company stock by a key executive.

Key Dates

Keywords

Form 4, Beneficial Ownership, Wells Fargo, WFC, Derek A. Flowers, Securities, Transactions, Chief Risk Officer