Form 4: Wells Fargo Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Derek A. Flowers, Sr. EVP and Chief Risk Officer of Wells Fargo, reports changes in beneficial ownership of company stock.
Summary
- On March 10, 2025, Derek A. Flowers, Sr. EVP and Chief Risk Officer of Wells Fargo & Company, reported changes in his beneficial ownership of Wells Fargo stock.
- The transactions involved the acquisition and disposal of common stock, $1 2/3 Par Value.
- 20,831 shares were disposed of and 20,831 shares were acquired.
- Following the reported transactions, Flowers directly owns 0 shares and indirectly owns 273,773.566 shares through a trust, 14,494.49 shares through a 401(k) plan, 356.118 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 trading activities of a key executive.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date used to calculate share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan. |
| 03/10/2025 | Date of the reported transactions involving Wells Fargo stock. |
| 03/11/2025 | Date of signature for the Form 4 filing. |
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