Hewett Wayne M. 4
4 · WELLS FARGO & COMPANY/MN · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Wells Fargo (WFC) Director Wayne M. Hewett Receives Phantom Stock Award
What Happened
Wayne M. Hewett, a director of Wells Fargo & Company (WFC), was granted 418.89 Phantom Stock Units on 2026-04-01 at an attributable price of $80.57 per unit, a total value of approximately $33,750. The transaction is an award/acquisition (derivative) and represents deferred compensation rather than an open-market purchase.
Key Details
- Transaction date: 2026-04-01 (filed 2026-04-02). Filing appears timely.
- Instrument: 418.89 Phantom Stock Units; price used for value calculation $80.57; total value ≈ $33,750.
- Nature: Derivative award (Phantom Stock Units), not immediate common stock.
- Shares owned after transaction: Not specified in this filing.
- Footnotes: F1—each Phantom Stock Unit equals the right to receive one share of common stock; F2—these are deferred compensation payable in lump sum or installments per director election; F3—includes dividend equivalents reinvested into additional Phantom Stock Units.
Context
Phantom Stock Units are a form of deferred/phantom equity that entitle the holder to receive shares or cash later and do not represent immediate voting stock or open-market buying/selling. Such director awards are a routine form of compensation and do not by themselves indicate an insider view on the company’s near-term prospects.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-04-01$80.57/sh+418.89$33,750→ 41,351.447 total→ Common Stock, $1 2/3 Par Value (418.89 underlying)
- 101
Common Stock, $1 2/3 Par Value
Footnotes (3)
- [F1]Each Phantom Stock Unit represents the right to receive one share of Wells Fargo & Company common stock.
- [F2]Deferred compensation shares payable in a lump sum or installments based upon director's election.
- [F3]Includes dividend equivalents reinvested in additional Phantom Stock Units.