Clark Celeste A. 4

What Happened

• Celeste A. Clark, a director of Wells Fargo & Company (WFC), received a grant of 341.318 Phantom Stock Units on April 1, 2026. The grant is reported at a per-unit price of $80.57, for a total reported value of $27,500. This was an award/grant (derivative units), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-01; Filing date: 2026-04-02 (Form 4 accession 0000072971-26-000208).
• Grant: 341.318 Phantom Stock Units @ $80.57 per unit; Total reported value: $27,500.
• Transaction code: A (award/grant/other acquisition of a derivative).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — each Phantom Stock Unit equals the right to one share of common stock; F2 — these are deferred compensation shares payable in lump sum or installments per the director's election; F3 — includes dividend equivalents reinvested in additional Phantom Stock Units.
• Remarks: Exhibit 24 (Power of Attorney) included.
• Timeliness: The form was filed one day after the transaction date and the filing does not indicate it was late.

Context

• Phantom Stock Units are a form of deferred/derivative compensation that give the recipient the economic benefit of stock (and often dividend equivalents) without immediate issuance of shares; payment may occur later in stock or cash per plan terms. Such awards are routine for directors and are not the same as an open-market purchase that might signal a direct bullish investment.