Wells Fargo (NYSE: WFC) risk chief reports 67,966-share gift and updated trust holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wells Fargo & Company senior executive Derek A. Flowers, Sr. EVP and Chief Risk Officer, reported a bona fide gift involving 67,966 shares of common stock on July 15, 2026. One transaction disposed of 67,966 directly held shares, while a related transaction recorded acquisition of the same amount indirectly through a trust, resulting in 341,739.566 common shares held via that trust and no directly held common stock. Additional indirect positions include 25 Preferred Shares, Series L through a trust, 15,139.7900 common share equivalents in a 401(k) ESOP fund as of June 30, 2026, and 362.7870 common shares in his spouse’s IRA, which a footnote states include shares acquired through a dividend reinvestment program.
Positive
- None.
Negative
- None.
Insider Trade Summary
135,932 shares gifted
Mixed
5 txns
Insider
Flowers Derek A.
Role
Sr. EVP and Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, $1 2/3 Par Value | 67,966 | $0.00 | -- |
| Gift | Common Stock, $1 2/3 Par Value | 67,966 | $0.00 | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
| holding | Preferred Shares, Series L | -- | -- | -- |
Holdings After Transaction:
Common Stock, $1 2/3 Par Value — 0 shares (Direct);
Common Stock, $1 2/3 Par Value — 341,739.566 shares (Indirect, Through Trust);
Preferred Shares, Series L — 25 shares (Indirect, Through Trust)
Footnotes (1)
- Reflects share equivalent of units in the Wells Fargo ESOP Fund under the 401(k) Plan (the "Plan") as of June 30, 2026, as if investable cash equivalents held by the Plan were fully invested in Wells Fargo & Company common stock. Includes shares acquired under a dividend reinvestment program since the reporting person's most recent filing on Form 4.
Key Figures
Common shares gifted: 67,966.0000 shares
Common shares held indirectly via trust: 341,739.5660 shares
Direct common shares after transaction: 0.0000 shares
+3 more
6 metrics
Common shares gifted
67,966.0000 shares
Bona fide gift on July 15, 2026
Common shares held indirectly via trust
341,739.5660 shares
Indirect ownership following gift-related transactions on July 15, 2026
Direct common shares after transaction
0.0000 shares
Direct holdings of common stock following reported gift disposition
Preferred Shares, Series L via trust
25.0000 shares
Indirectly held through a trust after reported transactions
401(k) ESOP share equivalents
15,139.7900 shares
Share equivalents in Wells Fargo ESOP Fund as of June 30, 2026
Spouse IRA common stock
362.7870 shares
Indirect holdings in spouse’s IRA including dividend reinvestment shares
Key Terms
bona fide gift, ESOP Fund, dividend reinvestment program, 401(k) Plan
4 terms
bona fide gift financial
"Transaction code G is described as a "bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
ESOP Fund financial
"share equivalent of units in the Wells Fargo ESOP Fund"
dividend reinvestment program financial
"Includes shares acquired under a dividend reinvestment program"
A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.
401(k) Plan financial
"under the 401(k) Plan (the "Plan") as of June 30, 2026"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Derek A. Flowers report in Wells Fargo (WFC) Form 4 on July 15, 2026?
He reported a bona fide gift involving 67,966 Wells Fargo common shares on July 15, 2026. One entry showed disposal of 67,966 directly held shares, while a related entry reported acquisition of the same number of shares indirectly through a trust.
What happened to Derek A. Flowers’ directly held Wells Fargo (WFC) common stock?
Following the July 15, 2026 gift transaction, Derek A. Flowers reported 0 directly held Wells Fargo common shares. The Form 4 shows a bona fide gift disposition of 67,966 directly held shares and a corresponding acquisition of that amount as indirectly owned through a trust.
Were Derek A. Flowers’ Wells Fargo (WFC) gift transactions under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan, so the reported bona fide gift transactions are not indicated as executed under a Rule 10b5-1 or similar pre-arranged trading arrangement.
What does the Wells Fargo (WFC) Form 4 say about Derek A. Flowers’ 401(k) holdings?
A footnote explains that his 401(k) position reflects 15,139.7900 share equivalents of units in the Wells Fargo ESOP Fund as of June 30, 2026, calculated as if investable cash equivalents in the plan were fully invested in Wells Fargo common stock.