Wells Fargo director awarded phantom stock units
Wells Fargo & Company director Steven D. Black reported a compensation-related grant of 1,076.3324 Phantom Stock Units.
Rhea-AI Filing Summary
Wells Fargo & Company director Steven D. Black reported a compensation-related grant of 1,076.3324 Phantom Stock Units. These units were awarded at a reference price of $85.94 per unit and each unit represents the right to receive one share of Wells Fargo common stock.
Following this award and related dividend equivalents, Black now holds 58,079.1554 Phantom Stock Units as deferred compensation, payable in a lump sum or installments based on his prior election. A separate line shows 140.7669 shares of common stock held directly, including shares acquired through a dividend reinvestment program.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,076.3324 shares
Grant/Award
2 txns
Insider
BLACK STEVEN D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,076.3324 | $85.94 | $93K |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 58,079.1554 contracts (Direct);
Common Stock, $1 2/3 Par Value — 140.7669 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: 1,076.3324 units
Reference price per Phantom Stock Unit: $85.94 per unit
Total Phantom Stock Units after grant: 58,079.1554 units
+1 more
4 metrics
Phantom Stock Units granted
1,076.3324 units
Grant to director on 2026-07-01
Reference price per Phantom Stock Unit
$85.94 per unit
Phantom Stock Unit award valuation
Total Phantom Stock Units after grant
58,079.1554 units
Director’s deferred compensation balance
Common shares held directly
140.7669 shares
Includes dividend reinvestment program shares
Key Terms
Phantom Stock Units, dividend reinvestment program, Deferred compensation shares, 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.
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 1,076.3324 Phantom Stock Units as a compensation grant. These units are tied to Wells Fargo common stock and increase his deferred equity-based holdings with the company rather than reflecting an open-market purchase or sale.
How many Phantom Stock Units does Steven D. Black hold after this Form 4 at WFC?
After the grant, Steven D. Black holds 58,079.1554 Phantom Stock Units. These units represent deferred compensation, each linked to one share of Wells Fargo common stock, and may be paid in a lump sum or installments according to his election.
What does each Phantom Stock Unit reported by WFC represent?
Each Phantom Stock Unit represents the right to receive one share of Wells Fargo & Company common stock. The units function as deferred compensation, with value tied to the stock, and can include additional units from reinvested dividend equivalents over time.
How is dividend income treated in Steven D. Black’s WFC Phantom Stock Units?
Dividend equivalents on the underlying Wells Fargo common stock are reinvested into additional Phantom Stock Units. This reinvestment increases the total Phantom Stock Unit balance over time, as reflected in the footnote about dividend equivalents being reinvested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
