Wells Fargo director granted 3,436 stock units
BLACK STEVEN D reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
BLACK STEVEN D reported acquisition or exercise transactions in this Form 4 filing.
Wells Fargo & Company director Steven D. Black received a grant of Common Stock Units as part of his director compensation. On April 28, 2026, he was awarded 3,436 Common Stock Units, each representing the right to receive one share of Wells Fargo common stock.
The units vested upon grant, but settlement is deferred until the later of his termination of service as a director or a later date he elects. After this grant, he holds 139.9507 shares of common stock directly and 17,851.9647 Common Stock Units in total, including dividend equivalents reinvested as additional units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 3,436 shares
Grant/Award
2 txns
Insider
BLACK STEVEN D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock Units | 3,436 | $81.50 | $280K |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
Holdings After Transaction:
Common Stock Units — 17,851.9647 contracts (Direct);
Common Stock, $1 2/3 Par Value — 139.9507 shares (Direct)
Footnotes (3)
- F1. Common Stock Units vested upon grant with settlement deferred until the later of termination of service as a director of Wells Fargo & Company (the "Company") or such later settlement date elected by the director.
- F2. Each Common Stock Unit represents a right to receive one share of Company common stock.
- F3. Includes dividend equivalents reinvested in additional Common Stock Units.
Key Figures
Common Stock Units granted: 3,436 units
Unit reference price: $81.50 per unit
Total Common Stock Units after grant: 17,851.9647 units
+1 more
4 metrics
Common Stock Units granted
3,436 units
Grant to director on April 28, 2026
Unit reference price
$81.50 per unit
Value used for Common Stock Unit award
Total Common Stock Units after grant
17,851.9647 units
Director’s Common Stock Unit holdings after transaction
Common shares held directly
139.9507 shares
Director’s direct common stock position after transaction
Key Terms
Common Stock Units, dividend equivalents, settlement deferred, right to receive one share
4 terms
Common Stock Units financial
"Common Stock Units vested upon grant with settlement deferred until the later of termination of service"
A common stock unit is a tradable ownership interest that represents one or more ordinary shares in a company, giving the holder a stake in profits, a claim on assets after creditors, and usually voting rights on corporate matters. For investors it matters because these units determine how much of the company you own, how much influence you have, and how returns or losses are shared—think of owning slices of a pie that can be increased or diluted by the company’s actions.
dividend equivalents financial
"Includes dividend equivalents reinvested in additional Common 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.
settlement deferred financial
"vested upon grant with settlement deferred until the later of termination of service as a director"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Wells Fargo (WFC) director Steven D. Black report in this Form 4?
Steven D. Black reported receiving a grant of 3,436 Common Stock Units tied to Wells Fargo common stock. These units vested immediately upon grant and increase his total Common Stock Unit holdings to 17,851.9647, reflecting routine director compensation rather than an open-market stock purchase.
How many Wells Fargo (WFC) Common Stock Units were granted to Steven D. Black?
He was granted 3,436 Common Stock Units on April 28, 2026. Each unit represents the right to receive one share of Wells Fargo common stock, and this award forms part of his compensation as a director rather than a market transaction.
At what reference price were Steven D. Black’s Wells Fargo (WFC) units recorded?
The 3,436 Common Stock Units were recorded at a reference value of $81.50 per unit. This figure reflects the share price used for the award calculation and does not indicate that Black bought or sold shares in the open market.
When will Steven D. Black’s Wells Fargo (WFC) Common Stock Units be settled?
The Common Stock Units vested upon grant but will be settled later. Settlement occurs after the later of his termination of service as a Wells Fargo director or a later settlement date he elected, meaning the shares are delivered in the future.
Do Steven D. Black’s Wells Fargo (WFC) Common Stock Units include dividend equivalents?
Yes, his Common Stock Unit balance includes dividend equivalents reinvested as additional units. Instead of receiving cash dividends, equivalent amounts are converted into more Common Stock Units, incrementally increasing his deferred equity-based holdings over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
