Morken CeCelia 4

What Happened

• CeCelia Morken, a director of Wells Fargo & Company (WFC), was granted 3,436 Common Stock Units on 2026-04-28. The grant is reported as a derivative award (code A) with an implied grant price of $81.50 per unit, valued at $280,034.
• This was an award/compensation grant (not an open-market purchase or sale). The units represent rights to receive shares in the future rather than immediate shares delivered.

Key Details

• Transaction date: 2026-04-28; filing date (Form 4): 2026-04-30 (timely filing).
• Award: 3,436 Common Stock Units at $81.50 per unit; total reported value $280,034.
• Shares owned after transaction: not stated in the filing.
• Footnotes summary:
  • F1: Units vested upon grant but settlement is deferred until the later of her service termination or a later date she elects.
  • F2: Each Common Stock Unit equals the right to one share of WFC common stock.
  • F3: Dividend equivalents on the units are reinvested as additional Common Stock Units.
• Exhibit: 24 (Power of Attorney) is referenced.

Context

• These Common Stock Units are a form of director compensation and are derivative awards — they give a future right to receive shares rather than immediate stock ownership or a market purchase. Such grants are routine for board members and do not by themselves signal buying or selling intent.
• For retail investors: award grants show company compensation practices but are not the same as insiders purchasing stock with personal funds; treat them differently from open-market buys when assessing insider sentiment.