SARGENT RONALD 4

What Happened Ronald Sargent, a director of Wells Fargo & Company (WFC), received a grant of 496.463 phantom stock units on 2026-04-01. The units are reported at an equivalent per-share value of $80.57, totaling $40,000. This was an award/acquisition (transaction code A) of a derivative security, not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-04-01; 496.463 units valued at $80.57 each (aggregate $40,000).
• Security type: Phantom Stock Units (derivative award representing the right to one share) — transaction coded as A.
• Shares owned after transaction: Not specified in the filing.
• Footnotes from the filing:
  • Each Phantom Stock Unit equals the right to receive one share of Wells Fargo common stock.
  • These are deferred compensation shares payable in lump sum or installments per the director’s election.
  • The award includes dividend equivalents that are reinvested into additional phantom units.
• Filing timeliness: Reported on Form 4 filed 2026-04-02 for a 2026-04-01 transaction (appears timely; Form 4 is generally due within two business days).

Context Phantom stock units are a form of deferred compensation that convert to shares or cash in the future and often include dividend equivalents; they do not represent an immediate cash purchase of stock and may be part of routine director compensation. Such awards are common for non-employee directors and do not by themselves indicate a buy/sell signal by the insider.