WFC.NYSEWells Fargo & Company/mn

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

Sentiment:

SEC Form 4 Filing

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Derek A. Flowers, Sr. EVP and Chief Risk Officer of Wells Fargo, reports changes in beneficial ownership of company stock, including acquisitions and disposals through various means.

Summary

  • On March 8, 2024, Derek A. Flowers, Sr. EVP and Chief Risk Officer of Wells Fargo, reported changes in his beneficial ownership of Wells Fargo common stock.
  • He disposed of 51,418 shares of common stock at $0 per share.
  • He acquired 51,418 shares of common stock at $0 per share.
  • Following these transactions, Flowers directly owns 171,306.2 shares.
  • He also indirectly owns 223,453.566 shares through a trust, 13,946.68 shares through a 401(k) plan, and 350.686 shares through his spouse's IRA.
  • The report also includes 170.7034 shares acquired through Wells Fargo & Company's dividend reinvestment plan on March 7, 2024.
  • The share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan as of February 29, 2024, is also reflected.

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 trading activities of a key executive.

Key Dates

DateDescription
February 29, 2024Date for share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan.
March 7, 2024Date of acquisition of shares through Wells Fargo & Company's dividend reinvestment plan.
March 8, 2024Date of the reported transaction (disposal and acquisition of shares).
March 12, 2024Date of signature on the Form 4 filing.

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