GARCIA FABIAN T 4
Research Summary
AI-generated summary
Wells Fargo (WFC) Director Fabian Garcia Receives 3,436-Unit Award
What Happened
- Fabian T. Garcia, a director of Wells Fargo & Company (WFC), received a grant of 3,436 Common Stock Units on 2026-04-28. The award is reported at $81.50 per unit for a total reported value of $280,034. The transaction is recorded as an award/acquisition (derivative).
Key Details
- Transaction date and price: 2026-04-28 at $81.50 per unit; total value $280,034.
- Transaction type: Award/Grant of Common Stock Units (derivative), reported as "Acquired."
- Shares owned after transaction: Not specified in the filing.
- Filing timeliness: Report filed 2026-04-30 (timely relative to the 2-business-day Form 4 requirement).
- Remarks/Exhibit: Exhibit 24 — Power of Attorney noted.
Context
- These were Common Stock Units (each unit represents a right to one share) that vested upon grant but have settlement deferred until the later of the director's termination of service or a later settlement date elected by the director (per footnotes). The grant also includes dividend equivalents that were reinvested into additional units and references shares acquired under a dividend reinvestment program since the reporting person's last Form 4. This type of transaction is routine director compensation and does not by itself indicate a buy or sell decision on the open market.
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