CRAVER THEODORE F JR 4

What Happened
Theodore F. Craver Jr., a director of Wells Fargo & Company (WFC), was granted 3,436 Common Stock Units on 2026-04-28. The units were valued at $81.50 each, equal to a total grant value of $280,034. This transaction is reported as an award/grant (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-28; Filing date: 2026-04-30 (timely filing).
• Award: 3,436 Common Stock Units @ $81.50 per unit; total value reported $280,034. (Transaction code A — grant/award.)
• Nature of instrument: Derivative Common Stock Units that represent a right to receive one share per unit.
• Settlement: Units vested upon grant but settlement is deferred until the later of (a) Mr. Craver’s termination of service as a director or (b) any later settlement date he elects (per filing footnote).
• Dividend treatment: Includes dividend equivalents that are reinvested into additional Common Stock Units.
• Shares owned after transaction: Not specified in this Form 4.
• Remarks: Exhibit 24 (Power of Attorney) referenced.

Context
This was an equity award to a board member (compensation), not a market purchase or sale. Because settlement is deferred and the award is in the form of stock units (not immediate share issuance), it represents deferred compensation rather than an immediate change in open-market holdings. Such grants are routine for directors and do not necessarily indicate personal trading sentiment.