David G. Cooper - 14 Feb 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
Issuer symbol
WEX
Transactions as of
14 Feb 2023
Net transactions value
-$1,982,075
Form type
4
Filing time
16 Feb 2023, 20:21:25 UTC
Previous filing
28 Jun 2022
Next filing
02 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEX Common Stock Options Exercise $868,599 +8,713 +84% $99.69 19,071 14 Feb 2023 Direct
transaction WEX Common Stock Options Exercise $73,885 +704 +3.7% $104.95 19,775 14 Feb 2023 Direct
transaction WEX Common Stock Options Exercise $353,325 +3,222 +16% $109.66 22,997 14 Feb 2023 Direct
transaction WEX Common Stock Sale $3,277,883 -16,639 -72% $197.00 6,358 14 Feb 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 -8,713 -100% $0.000000* 0 14 Feb 2023 Common Stock 8,713 $99.69 Direct F1
transaction WEX Stock Option (right to buy) Options Exercise $0 -704 -100% $0.000000* 0 14 Feb 2023 Common Stock 704 $104.95 Direct
transaction WEX Stock Option (right to buy) Options Exercise $0 -3,222 -67% $0.000000 1,617 14 Feb 2023 Common Stock 3,222 $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.