Hewett Wayne M. 4

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.