Form 4: Wells Fargo Executive Saul Van Beurden Sells 35,000 Shares
SEC Form 4 Filing
Wells Fargo's Sr. Executive Vice President, Saul Van Beurden, reports the sale of 35,000 shares of common stock at an average price of $61.99.
Summary
- Saul Van Beurden, a Sr. Executive Vice President at Wells Fargo & Company, sold 35,000 shares of common stock on October 14, 2024.
- The shares were sold at a weighted average price of $61.99, with individual transactions ranging from $61.97 to $62.00.
- Following the transaction, Van Beurden directly owns 126,687.2142 shares.
- He also indirectly owns shares through a 401(k) plan (1,262.76 shares) and through holdings by three children (1,382 shares each).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock sale by an executive, which is neither inherently positive nor negative. The sentiment is neutral.
Industry Context
Executive stock sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects; however, they don't always indicate a negative outlook.
Stakeholder Impact
- The stock sale could have a minor impact on shareholder sentiment, depending on how the market interprets the transaction.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Acquisition of 182.51 shares through the Company's dividend reinvestment plan. |
| 09/30/2024 | Share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan. |
| 10/14/2024 | Date of the stock sale transaction. |
| 10/15/2024 | Date of the Form 4 filing. |
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