Wells Fargo Director Steven D. Black Acquires Phantom Stock Units via Deferred Compensation
WELLS FARGO & COMPANY/MN
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Filing Summary
=== SEC FORM 4: INSIDER TRANSACTION ===
Issuer: WELLS FARGO & COMPANY/MN (WFC)
Insider: Steven D. Black
Role: Director
Date: 2026-10-01
Type: Acquisition (Phantom Stock Units - Code A)
Amount: 1,152.65 units @ $80.25
Total Value: ~$92,500.00
Ending Units: 59,565.44
Significance: Low (Routine Director Deferred Compensation)
Comprehensive Analysis
Insider Transaction Analysis: Wells Fargo & Company (NYSE: WFC)
Executive Summary
On October 1, 2026, Wells Fargo Director Steven D. Black acquired 1,152.648 phantom stock units at an implied price of $80.25 per share, representing a total transaction value of approximately $92,500. This acquisition reflects routine director compensation deferral.
Key Transaction Details
- Reporting Person: Steven D. Black (Director)
- Security: Phantom Stock Units (convertible 1-for-1 into Common Stock)
- Transaction Code:
A(Award / Grant / Deferred Compensation Allocation) - Transaction Size: 1,152.648 units
- Reference Price: $80.25
- Aggregate Value: ~$92,500.00
- Post-Transaction Beneficial Ownership: 59,565.4382 phantom stock units held directly, alongside 141.571 shares of common stock held directly.
Context and Significance
This transaction is classified as having Low trading significance. Phantom stock awards of this magnitude at the start of a calendar quarter are standard quarterly director retainer allocations under Wells Fargo's Directors Deferred Compensation Plan. Because this is an equity-linked deferred compensation grant rather than an open-market purchase, it does not convey an active directional signal on company valuation.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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