DAVIS RICHARD K 4

What Happened

• Richard K. Davis, a director of Wells Fargo & Company (WFC), was granted 3,436 Common Stock Units on 2026-04-28. The units are reported at a grant value of $81.50 per unit, totaling $280,034. This transaction is an award/grant (derivative security), not an open-market purchase or sale.

Key Details

• Transaction date and terms: 2026-04-28; 3,436 units @ $81.50 each; total $280,034.
• Security type: Derivative — Common Stock Units (each unit = right to receive one share of common stock).
• Settlement: Units vested upon grant but settlement is deferred until the later of the director’s termination of service or a later settlement date elected by the director (per filing).
• Dividends: Includes dividend equivalents that are reinvested into additional Common Stock Units.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing exhibits/remarks: Exhibit 24 (Power of Attorney) included.
• Timeliness: The filing does not indicate a late filing status.

Context

• This was an equity award to a director and does not represent an open-market buy or sell; settlement is deferred, so the director did not receive immediate shares. For retail investors, grants to directors are routine compensation and do not alone indicate a change in company outlook.