SARGENT RONALD 4

What Happened

• Ronald Sargent, a director of Wells Fargo & Company (WFC), was granted 494.531 Phantom Stock Units on 2026-07-01. The units are valued at $85.94 each, for a total award value of $42,500. 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: 2026-07-02 (timely filing).
• Award: 494.531 Phantom Stock Units at $85.94 per unit; total value $42,500.
• Type: Derivative award (Phantom Stock Units) rather than immediate share transfer.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes from the filing:
  • F1: Each Phantom Stock Unit represents the right to receive one share of WFC common stock.
  • F2: Deferred compensation payable in lump sum or installments per the director’s election.
  • F3: Includes dividend equivalents reinvested as additional Phantom Stock Units.
• No indication this was part of a 10b5-1 sale plan, tax withholding, or late filing in the provided data.

Context

• Phantom Stock Units are a form of deferred compensation that entitle the holder to receive the equivalent value in company stock (or cash) at a future payout; they do not represent immediate ownership of shares. Such grants to directors are common and typically reflect compensation rather than a direct market signal.