David Cooper - Feb 14, 2023 Form 4 Insider Report for WEX Inc. (WEX)

Role
Chief Technology Officer
Signature
/s/ Hilary A. Rapkin, as attorney-in-fact for David Cooper
Stock symbol
WEX
Transactions as of
Feb 14, 2023
Transactions value $
-$1,982,075
Form type
4
Date filed
2/16/2023, 08:21 PM
Previous filing
Jun 28, 2022
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEX Common Stock Options Exercise $869K +8.71K +84.12% $99.69 19.1K Feb 14, 2023 Direct
transaction WEX Common Stock Options Exercise $73.9K +704 +3.69% $104.95 19.8K Feb 14, 2023 Direct
transaction WEX Common Stock Options Exercise $353K +3.22K +16.29% $109.66 23K Feb 14, 2023 Direct
transaction WEX Common Stock Sale -$3.28M -16.6K -72.35% $197.00 6.36K Feb 14, 2023 Direct

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 Stock Option (right to buy) Options Exercise $0 -8.71K -100% $0.00* 0 Feb 14, 2023 Common Stock 8.71K $99.69 Direct F1
transaction WEX Stock Option (right to buy) Options Exercise $0 -704 -100% $0.00* 0 Feb 14, 2023 Common Stock 704 $104.95 Direct
transaction WEX Stock Option (right to buy) Options Exercise $0 -3.22K -66.58% $0.00 1.62K Feb 14, 2023 Common Stock 3.22K $109.66 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Half of the performance based non-statutory stock options ("Performance-Based NSOs"), reported on the Reporting Person's Form 4 dated May 12, 2017 (the "Original Form 4"), vested on June 26, 2020 when the Company's closing stock price was at least $149.54 for twenty consecutive trading days. Another quarter of the Performance-Based NSOs vested on December 29, 2020 when the Company's closing stock price was at least $174.45 for twenty consecutive trading days. The last remaining quarter of the Performance-Based NSOs vested on March 8, 2021 when the Company's closing stock price was at least $199.38 for twenty consecutive trading days. Please reference the Original Form 4 for further information regarding the vesting of the Performance-Based NSOs.
F2 This stock option will vest with respect to the remaining one-third of these shares on 3/16/2023.