Wells Fargo director granted 418 Phantom Stock Units
Hewett Wayne M. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Hewett Wayne M. reported acquisition or exercise transactions in this Form 4 filing.
Wells Fargo & Company director Wayne M. Hewett received a grant of 418.8904 Phantom Stock Units tied to the company’s common stock. Each unit represents the right to receive one share of common stock, with payout deferred in a lump sum or installments based on his election.
The award, which reflects a reference price of $80.57 per unit, includes dividend equivalents reinvested into additional Phantom Stock Units. Following this grant, Hewett holds 41,351.4468 Phantom Stock Units and 101 shares of Wells Fargo common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 418.8904 shares
Grant/Award
2 txns
Insider
Hewett Wayne M.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 418.8904 | $80.57 | $34K |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 41,351.4468 contracts (Direct);
Common Stock, $1 2/3 Par Value — 101 shares (Direct)
Footnotes (3)
- F1. Each Phantom Stock Unit represents the right to receive one share of Wells Fargo & Company common stock.
- F2. Deferred compensation shares payable in a lump sum or installments based upon director's election.
- F3. Includes dividend equivalents reinvested in additional Phantom Stock Units.
Key Figures
Phantom Stock Units granted: 418.8904 units
Reference price per unit: $80.57 per unit
Total Phantom Stock Units after grant: 41,351.4468 units
+1 more
4 metrics
Phantom Stock Units granted
418.8904 units
Grant to director on 2026-04-01
Reference price per unit
$80.57 per unit
Grant valuation for Phantom Stock Units
Total Phantom Stock Units after grant
41,351.4468 units
Director’s deferred compensation balance
Direct common shares held
101 shares
Wells Fargo common stock directly owned
Key Terms
Phantom Stock Units, Deferred compensation, Dividend equivalents
3 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.
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 did Wells Fargo (WFC) director Wayne M. Hewett report in this Form 4?
Wayne M. Hewett reported receiving 418.8904 Phantom Stock Units linked to Wells Fargo common stock. These units are part of deferred director compensation and increase his total Phantom Stock Unit holdings to 41,351.4468 units, with 101 common shares also held directly.
What are Phantom Stock Units in the Wells Fargo (WFC) insider filing?
Phantom Stock Units are bookkeeping entries that track the value of Wells Fargo common stock and pay out in shares later. Each unit equals one share of common stock and can be settled in a lump sum or installments according to the director’s election.
How many Wells Fargo (WFC) Phantom Stock Units did the director receive?
The director received 418.8904 Phantom Stock Units at a reference price of $80.57 per unit. These units represent deferred compensation and are credited with dividend equivalents that are reinvested into additional Phantom Stock Units over time.
What are Wayne M. Hewett’s total Phantom Stock Unit holdings in WFC after the transaction?
After the reported grant, Wayne M. Hewett holds 41,351.4468 Phantom Stock Units tied to Wells Fargo common stock. These units represent deferred compensation that will be paid out in shares in a lump sum or installments based on his prior election.
Do the Wells Fargo (WFC) Phantom Stock Units include dividend equivalents?
Yes. The Phantom Stock Unit balance includes dividend equivalents that are reinvested into additional Phantom Stock Units. This means cash dividends that would have been paid on equivalent shares are credited as more units, increasing the deferred compensation balance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
