Hewett Wayne M. 4

What Happened Wayne M. Hewett, a director of Wells Fargo & Company (WFC), was granted 421.806 phantom stock units on 2026-07-01. The units are reported at an implied price of $85.94 each, for a total reported value of $36,250. This is an award/derivative grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-01; filing date (Accession): 2026-07-02 — appears to be filed promptly.
• Award: 421.806 Phantom Stock Units @ $85.94 each; total reported value $36,250.
• Shares owned after transaction: Not specified in the information provided on this Form 4.
• Footnotes: F1 — each Phantom Stock Unit represents the right to receive one share of WFC common stock; F2 — units are part of deferred compensation payable as lump sum or installments per the director’s election; F3 — includes dividend equivalents reinvested as additional Phantom Stock Units.
• Transaction type: A = Award/Grant; derivative securities (not immediate share ownership).

Context Phantom stock units are a form of deferred compensation that track share value but typically convert to cash or actual shares at a later date (or pay out per the director’s deferral election). Such awards are common for non-employee directors and reflect compensation practices rather than a direct market purchase or sale by the insider. They do not necessarily indicate the insider’s personal trading intent or market view.