Wells Fargo (WFC) director Hewett granted 421 Phantom Stock Units as deferred pay
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hewett Wayne M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 421.806 | $85.94 | $36K |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 42,014.385 shares (Direct, null);
Common Stock, $1 2/3 Par Value — 101 shares (Direct, null)
Footnotes (1)
- Each Phantom Stock Unit represents the right to receive one share of Wells Fargo & Company common stock. Deferred compensation shares payable in a lump sum or installments based upon director's election. 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.
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
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.