Melissa D. Smith - Jun 24, 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
Jun 24, 2022
Transactions value $
-$317,449
Form type
4
Date filed
6/28/2022, 05:51 PM
Previous filing
May 9, 2022
Next filing
Oct 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEX Common Stock Options Exercise $0 +4.68K +5.57% $0.00 88.7K Jun 24, 2022 Direct
transaction WEX Common Stock Tax liability -$317K -2.08K -2.34% $152.84 86.7K Jun 24, 2022 Direct F1, F2
transaction WEX Common Stock Gift $0 -5.08K -100% $0.00* 0 Jun 1, 2022 Melissa Smith GRAT F2
holding WEX Common Stock 1.69K Jun 24, 2022 FBC Irrevocable Trust F2
holding WEX Common Stock 1.69K Jun 24, 2022 GMC Irrevocable Trust F2
holding WEX Commom Stock 1.69K Jun 24, 2022 BDC Irrevocable Trust F2

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 Options Exercise $0 -4.68K -49.99% $0.00 4.68K Jun 24, 2022 Common Stock 4.68K $0.00 Direct F3
* 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 June 24, 2022.
F2 On May 19, 2020, the reporting person transferred 24,000 shares of common stock to a grantor retained annuity trust ("GRAT") for the benefit of herself and her children. Upon termination of the trust on June 1, 2022, 5,078 shares were transferred to trusts for the benefit of the reporting person's children, over which she exercises no control. The remaining 10,107 shares were previously distributed to the reporting person and continue to be reported in this Form 4 as directly owned.
F3 Restricted Stock Units vested on June 24, 2022 and each RSU converted into one share of common stock.