Wells Fargo (WFC) Director Felicia Norwood Receives 3,436-Share Award

What Happened

Felicia Norwood, a director of Wells Fargo & Company (WFC), was granted 3,436 Common Stock Units on 2026-04-28. The units were recorded at $81.50 each, for a total grant value of $280,034. This transaction is an award/grant (derivative) rather than an open-market purchase or sale.

Key Details

• Transaction date and terms: 2026-04-28 — 3,436 Common Stock Units at $81.50 per unit, total $280,034 (transaction code A: award/grant; derivative).
• Instrument: Common Stock Units (each unit represents a right to receive one share of WFC common stock).
• Settlement: Units vested upon grant but settlement is deferred until the later of Norwood’s termination of service as a director or a later date she elects (footnote F1).
• Dividends: Dividend equivalents were reinvested into additional Common Stock Units (footnote F3).
• Shares owned after transaction: Not reported in this Form 4.
• Filing timeliness: Reported on 2026-04-30 for a 2026-04-28 transaction (appears timely).
• Other: Exhibit 24 (Power of Attorney) is included with the filing.

Context

This was a deferred equity award (Common Stock Units), not a cash purchase or a sale. CSUs are a derivative form that entitles the director to receive shares later (or the cash equivalent), so the grant increases potential future ownership but does not immediately transfer shares into the market. Awards to directors are common as part of compensation and do not by themselves indicate the director’s market view.