Wells Fargo director awarded 421 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 421.8059 Phantom Stock Units. These units were credited at a reference price of $85.94 per unit and increase his deferred equity-based compensation tied to Wells Fargo’s common stock.

Each Phantom Stock Unit represents the right to receive one share of Wells Fargo common stock and may be paid in a lump sum or installments based on the director’s election. The total Phantom Stock Units credited to Hewett after this grant are 42,014.3847 units, and this total includes dividend equivalents reinvested in additional units. He also holds 101 shares of common stock directly.

Insider Trade Summary

Grant/Award: 421.8059 shares

Grant/Award 2 txns

Insider Hewett Wayne M.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	421.8059	$85.94	$36K
holding	Common Stock, $1 2/3 Par Value	--	--	--

Holdings After Transaction: Phantom Stock Units — 42,014.3847 contracts (Direct); Common Stock, $1 2/3 Par Value — 101 shares (Direct)

Footnotes (3)

1. F1. Each Phantom Stock Unit represents the right to receive one share of Wells Fargo & Company common stock.
2. F2. Deferred compensation shares payable in a lump sum or installments based upon director's election.
3. F3. Includes dividend equivalents reinvested in additional Phantom Stock Units.

Key Figures

Phantom units granted: 421.8059 units Reference price per unit: $85.94 per unit Total phantom units after grant: 42,014.3847 units +2 more

5 metrics

Phantom units granted 421.8059 units Grant of Phantom Stock Units to director on July 1, 2026

Reference price per unit $85.94 per unit Price associated with Phantom Stock Unit grant

Total phantom units after grant 42,014.3847 units Director’s Phantom Stock Unit balance following the transaction

Common shares held 101 shares Directly held Wells Fargo common stock after reported transactions

Underlying security shares 421.8059 shares Common stock equivalent represented by the new Phantom Stock Units

Key Terms

Phantom Stock Units, Deferred compensation shares, 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 shares financial

"Deferred compensation shares payable in a lump sum or installments based upon director's election."

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 a grant of Phantom Stock Units tied to Wells Fargo stock. The filing shows 421.8059 units credited, reflecting deferred, equity-linked compensation rather than an open-market stock purchase or sale.

How many Phantom Stock Units were granted to Wayne M. Hewett in this WFC filing?

He was granted 421.8059 Phantom Stock Units. These units were credited at a reference price of $85.94 per unit and increased his total Phantom Stock Unit balance to 42,014.3847 units after the transaction.

What do Phantom Stock Units represent for Wells Fargo (WFC) directors?

Each Phantom Stock Unit represents the right to receive one share of Wells Fargo common stock. They track the value of the stock and are typically used for deferred compensation, with payout timing based on the director’s prior election.

How and when can Wayne M. Hewett receive his WFC Phantom Stock Units?

The Phantom Stock Units are described as deferred compensation shares payable in a lump sum or installments. Payment timing depends on the director’s election, allowing benefits to be received later instead of as immediate cash or stock.

Do the Wells Fargo Phantom Stock Units for Wayne M. Hewett include dividends?

Yes. The total Phantom Stock Units include dividend equivalents reinvested in additional units. That means dividends that would have been paid on equivalent common shares are credited back as more Phantom Stock Units, increasing the deferred balance over time.

How many Wells Fargo (WFC) common shares does Wayne M. Hewett hold directly?

He holds 101 shares of Wells Fargo common stock directly. This direct stock position is separate from his 42,014.3847 Phantom Stock Units, which are a form of deferred, stock-based compensation rather than currently issued common shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 07/02/2026 - 04:31 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hewett Wayne M.

(Last) (First) (Middle)

333 MARKET STREET

(Street)

SAN FRANCISCO CALIFORNIA 94105

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WELLS FARGO & COMPANY/MN [ WFC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $1 2/3 Par Value								101	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	(1)	07/01/2026		A		421.8059		(2)	(2)	Common Stock, $1 2/3 Par Value	421.8059	$85.94	42,014.3847(3)	D

Explanation of Responses:

1. Each Phantom Stock Unit represents the right to receive one share of Wells Fargo & Company common stock.

2. Deferred compensation shares payable in a lump sum or installments based upon director's election.

3. Includes dividend equivalents reinvested in additional Phantom Stock Units.

	Wayne M. Hewett, by Meghan Daly, as Attorney-in-Fact	07/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)