Wells Fargo director granted phantom stock units
Wells Fargo & Company director Steven D. Black reported a grant of 1,117.0411 Phantom Stock Units on the company’s stock.
Rhea-AI Filing Summary
Wells Fargo & Company director Steven D. Black reported a grant of 1,117.0411 Phantom Stock Units on the company’s stock. The units were valued at $80.57 per unit and each Phantom Stock Unit represents the right to receive one share of Wells Fargo common stock. These deferred compensation shares are payable in a lump sum or installments based on the director’s election and include dividend equivalents reinvested in additional Phantom Stock Units. The filing also notes direct ownership of 139.9507 shares of common stock, which includes shares acquired through a dividend reinvestment program.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,117.0411 shares
Grant/Award
2 txns
Insider
BLACK STEVEN D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,117.0411 | $80.57 | $90K |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 56,672.3505 contracts (Direct);
Common Stock, $1 2/3 Par Value — 139.9507 shares (Direct)
Footnotes (4)
- F1. Includes shares acquired under a dividend reinvestment program since the reporting person's most recent filing on Form 4.
- F2. Each Phantom Stock Unit represents the right to receive one share of Wells Fargo & Company common stock.
- F3. Deferred compensation shares payable in a lump sum or installments based upon director's election.
- F4. Includes dividend equivalents reinvested in additional Phantom Stock Units.
Key Figures
Phantom Stock Units granted: 1,117.0411 units
Phantom unit value: $80.57 per unit
Phantom units after grant: 56,672.3505 units
+1 more
4 metrics
Phantom Stock Units granted
1,117.0411 units
Grant to director Steven D. Black on April 1, 2026
Phantom unit value
$80.57 per unit
Valuation per Phantom Stock Unit at grant
Phantom units after grant
56,672.3505 units
Total Phantom Stock Units following the transaction
Common stock holdings
139.9507 shares
Direct Wells Fargo common stock held after update
Key Terms
Phantom Stock Units, dividend reinvestment program, deferred compensation, dividend equivalents
4 terms
Phantom Stock Units financial
"Each Phantom Stock Unit represents the right to receive one share of Wells Fargo & Company common stock."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
dividend reinvestment program financial
"Includes shares acquired under a dividend reinvestment program since the reporting person's most recent filing on Form 4."
A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.
deferred compensation financial
"Deferred compensation shares payable in a lump sum or installments based upon director's election."
Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.
dividend equivalents financial
"Includes dividend equivalents reinvested in additional Phantom Stock Units."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WFC director Steven D. Black report?
Steven D. Black reported receiving 1,117.0411 Phantom Stock Units tied to Wells Fargo common stock. These units are a form of deferred compensation and are valued at $80.57 per unit, with each unit representing the right to one common share.
How many Wells Fargo Phantom Stock Units were granted in this Form 4?
The Form 4 shows a grant of 1,117.0411 Phantom Stock Units to director Steven D. Black. Each Phantom Stock Unit represents the right to receive one share of Wells Fargo common stock and includes reinvested dividend equivalents, enhancing long-term alignment with shareholders.
What does a Wells Fargo Phantom Stock Unit represent for WFC insiders?
Each Wells Fargo Phantom Stock Unit represents the right to receive one share of the company’s common stock. These units function as deferred compensation, with value tied to the stock, and can include dividend equivalents that are reinvested into additional Phantom Stock Units over time.
How is the deferred compensation for WFC director Steven D. Black structured?
The deferred compensation is structured as Phantom Stock Units payable in a lump sum or installments. Payment timing depends on the director’s election, and the position includes dividend equivalents reinvested into additional Phantom Stock Units, increasing alignment with long-term stock performance.
Does this Wells Fargo Form 4 show any open-market stock buying or selling?
This Form 4 does not show open-market purchases or sales of Wells Fargo stock. It reports a grant of Phantom Stock Units as a compensation-related acquisition and updates direct common stock holdings, including shares from a dividend reinvestment program.
What are Steven D. Black’s reported common stock holdings in WFC?
The filing reports that Steven D. Black directly holds 139.9507 shares of Wells Fargo common stock. This figure includes shares acquired through a dividend reinvestment program since his most recent prior Form 4, reflecting ongoing reinvestment activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
