Sachin Dhawan - Mar 15, 2024 Form 4 Insider Report for WEX Inc. (WEX)

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	+2.26K		$0.00	2.26K	Mar 15, 2024	Common Stock	2.26K	$0.00	Direct	F1
transaction	WEX	Market Share Units	Award	$0	+2.26K		$0.00	2.26K	Mar 15, 2024	Common Stock	2.26K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Restricted Stock Units ("RSUs") vest with respect to one-third of these shares on each one year anniversary of this grant.
F2	Each market share unit (MSU), a form of performance-based restricted stock unit, converts into the number of shares of common stock determined by applying a payout factor to the target number of MSUs vesting on a given date. The payout factor is a ratio of the average of the closing price on the measurement date plus the nine prior trading days divided by the average stock price on the grant date (also a 10-day average) divided by the close price on the grant date. The minimum payout factor that must be achieved to earn a payout is 60% and the maximum payout factor is 200%. The target number of MSUs is reported in this Form 4.
F3	One-third of the MSU award will vest on each of the first, second and third anniversaries of the grant date and will be converted into shares of common stock based on a payout factor, provided that the MSUs will only vest if the payout factor is at least 60%, and if the payout factor is not at least 60% on an applicable vesting date MSUs eligible to vest on that date will be forfeited.