diff --git a/x/wasm/keeper/keeper.go b/x/wasm/keeper/keeper.go
index 195a4614ce..9d20d0cd37 100644
--- a/x/wasm/keeper/keeper.go
+++ b/x/wasm/keeper/keeper.go
@@ -639,6 +639,20 @@ func (k Keeper) setContractAdmin(ctx sdk.Context, contractAddress, caller, newAd
 	}
 	contractInfo.Admin = newAdmin.String()
 	k.storeContractInfo(ctx, contractAddress, contractInfo)
+
+	if newAdmin != nil {
+		ctx.EventManager().EmitEvent(sdk.NewEvent(
+			types.EventTypeUpdateContractAdmin,
+			sdk.NewAttribute(types.AttributeKeyContractAddr, contractAddress.String()),
+			sdk.NewAttribute(types.AttributeKeyAdmin, newAdmin.String()),
+		))
+	} else {
+		ctx.EventManager().EmitEvent(sdk.NewEvent(
+			types.EventTypeClearContractAdmin,
+			sdk.NewAttribute(types.AttributeKeyContractAddr, contractAddress.String()),
+		))
+	}
+
 	return nil
 }
 
diff --git a/x/wasm/types/events.go b/x/wasm/types/events.go
index 579024ed0c..6becc4d01b 100644
--- a/x/wasm/types/events.go
+++ b/x/wasm/types/events.go
@@ -6,15 +6,17 @@ const (
 	// CustomContractEventPrefix contracts can create custom events. To not mix them with other system events they got the `wasm-` prefix.
 	CustomContractEventPrefix = "wasm-"
 
-	EventTypeStoreCode         = "store_code"
-	EventTypeInstantiate       = "instantiate"
-	EventTypeExecute           = "execute"
-	EventTypeMigrate           = "migrate"
-	EventTypePinCode           = "pin_code"
-	EventTypeUnpinCode         = "unpin_code"
-	EventTypeSudo              = "sudo"
-	EventTypeReply             = "reply"
-	EventTypeGovContractResult = "gov_contract_result"
+	EventTypeStoreCode           = "store_code"
+	EventTypeInstantiate         = "instantiate"
+	EventTypeExecute             = "execute"
+	EventTypeMigrate             = "migrate"
+	EventTypePinCode             = "pin_code"
+	EventTypeUnpinCode           = "unpin_code"
+	EventTypeSudo                = "sudo"
+	EventTypeReply               = "reply"
+	EventTypeGovContractResult   = "gov_contract_result"
+	EventTypeUpdateContractAdmin = "update_contract_admin"
+	EventTypeClearContractAdmin  = "clear_contract_admin"
 )
 
 // event attributes returned from contract execution
@@ -26,4 +28,5 @@ const (
 	AttributeKeyChecksum           = "code_checksum"
 	AttributeKeyResultDataHex      = "result"
 	AttributeKeyRequiredCapability = "required_capability"
+	AttributeKeyAdmin              = "admin"
 )