Wells Fargo director granted 341 Phantom Stock Units
Clark Celeste A. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Clark Celeste A. reported acquisition or exercise transactions in this Form 4 filing.
Wells Fargo & Company director Celeste A. Clark received a grant of 341.3181 Phantom Stock Units on April 1, 2026, valued at $80.57 per unit. Each unit represents the right to receive one share of Wells Fargo common stock.
The Phantom Stock Units are part of deferred compensation, payable in a lump sum or installments based on the director’s election, and the total includes dividend equivalents reinvested in additional units. Following this award, Clark holds 39,589.3131 Phantom Stock Units and 4,022 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 341.3181 shares
Grant/Award
2 txns
Insider
Clark Celeste A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 341.3181 | $80.57 | $27K |
| holding | Common Stock, $1 2/3 Par Value | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 39,589.3131 contracts (Direct);
Common Stock, $1 2/3 Par Value — 4,022 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: 341.3181 units
Reference price per unit: $80.57 per unit
Total Phantom Stock Units after grant: 39,589.3131 units
+2 more
5 metrics
Phantom Stock Units granted
341.3181 units
Grant on April 1, 2026
Reference price per unit
$80.57 per unit
Value used for the April 1, 2026 grant
Total Phantom Stock Units after grant
39,589.3131 units
Deferred compensation balance after April 1, 2026
Common stock held directly
4,022 shares
Direct holdings after the reported date
Underlying common stock per unit
1 share per unit
Each Phantom Stock Unit represents one common share
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 insider transaction did Wells Fargo (WFC) disclose for Celeste A. Clark?
Wells Fargo disclosed that director Celeste A. Clark received 341.3181 Phantom Stock Units on April 1, 2026. These units are a form of deferred stock-based compensation tied to Wells Fargo common shares and include reinvested dividend equivalents.
What are Phantom Stock Units in Wells Fargo (WFC)’s Form 4 filing?
Wells Fargo’s Phantom Stock Units each represent the right to receive one share of common stock. They function as deferred compensation, with payment made in a lump sum or installments, and the balance grows through dividend equivalents reinvested as additional units.
How many Phantom Stock Units does Celeste A. Clark hold after this Wells Fargo (WFC) grant?
After the April 1, 2026 grant, Celeste A. Clark holds 39,589.3131 Phantom Stock Units. This total reflects the new award of 341.3181 units plus earlier deferred compensation units and dividend equivalents reinvested as additional Phantom Stock Units.
Does the Wells Fargo (WFC) Form 4 show Celeste A. Clark buying or selling common stock?
The Form 4 does not report open-market buys or sells of common stock by Celeste A. Clark. It shows a grant of Phantom Stock Units and reports that she directly holds 4,022 Wells Fargo common shares after the reported date.
How is Celeste A. Clark’s deferred compensation structured at Wells Fargo (WFC)?
Her deferred compensation is structured in Phantom Stock Units that mirror Wells Fargo common stock. Payment may be made in a lump sum or installments based on her election, and dividend equivalents are reinvested into additional Phantom Stock Units over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
