Melissa D. Smith - Mar 15, 2022 Form 4 Insider Report for WEX Inc. (WEX)

Role
CEO and Chair, WEX Inc., Director
Signature
/s/ Hilary A. Rapkin, as attorney-in-fact for Melissa D. Smith
Stock symbol
WEX
Transactions as of
Mar 15, 2022
Transactions value $
-$195,368
Form type
4
Date filed
3/17/2022, 08:25 PM
Previous filing
Mar 3, 2022
Next filing
Mar 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEX Common Stock Options Exercise $0 +1.38K +2.28% $0.00 62K Mar 15, 2022 Direct
transaction WEX Common Stock Tax liability -$64.3K -403 -0.65% $159.56 61.6K Mar 15, 2022 Direct F1
transaction WEX Common Stock Options Exercise $0 +2.73K +4.44% $0.00 64.3K Mar 16, 2022 Direct
transaction WEX Common Stock Tax liability -$131K -803 -1.25% $163.22 63.5K Mar 16, 2022 Direct F2
holding WEX Common Stock 15.2K Mar 15, 2022 Melissa Smith GRAT F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WEX Restricted Stock Units Award $0 +6.57K $0.00 6.57K Mar 15, 2022 Common Stock 6.57K $0.00 Direct F4
transaction WEX Stock Option (right to buy) Award $0 +25.2K $0.00 25.2K Mar 15, 2022 Common Stock 25.2K $163.22 Direct F5
transaction WEX Restricted Stock Units Options Exercise $0 -1.38K -33.29% $0.00 2.77K Mar 15, 2022 Common Stock 1.38K $0.00 Direct F6
transaction WEX Restricted Stock Units Options Exercise $0 -2.73K -49.92% $0.00 2.74K Mar 16, 2022 Common Stock 2.73K $0.00 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents tax withholding in connection with the vesting of the Restricted Stock Units ("RSUs") on March 15, 2022.
F2 Represents tax withholding in connection with the vesting of the Restricted Stock Units ("RSUs") on March 16, 2022.
F3 On May 24, 2021, 8,815 shares of common stock were distributed from the GRAT to the reporting person's personal account and those shares are now reported as being directly owned.
F4 Restricted Stock Units ("RSUs") vest with respect to one-third of these shares on each one year anniversary of this grant.
F5 This stock option will vest with respect to one-third of these shares on each one year anniversary of this grant.
F6 Restricted Stock Units vested on March 15, 2022, and each RSU converted into one share of common stock.
F7 Restricted Stock Units vested on March 16, 2022, and each RSU converted into one share of common stock.