Melissa D. Smith - 15 Mar 2024 Form 4 Insider Report for WEX Inc. (WEX)

Role
Chair, CEO, and President, Director
Signature
/s/ Timothy Bergeron, as attorney-in-fact for Melissa D. Smith
Issuer symbol
WEX
Transactions as of
15 Mar 2024
Net transactions value
-$4,077,982
Form type
4
Filing time
19 Mar 2024, 21:06:37 UTC
Previous filing
05 Mar 2024
Next filing
06 May 2024
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 $0 +1,386 +1.7% $0.000000 82,258 15 Mar 2024 Direct
transaction WEX Common Stock Tax liability $143,879 -615 -0.75% $233.95 81,643 15 Mar 2024 Direct F1
transaction WEX Common Stock Options Exercise $0 +2,188 +2.7% $0.000000 83,831 15 Mar 2024 Direct
transaction WEX Common Stock Tax liability $227,165 -971 -1.2% $233.95 82,860 15 Mar 2024 Direct F1
transaction WEX Common Stock Options Exercise $0 +2,540 +3.1% $0.000000 85,400 15 Mar 2024 Direct
transaction WEX Common Stock Tax liability $263,662 -1,127 -1.3% $233.95 84,273 15 Mar 2024 Direct F1
transaction WEX Common Stock Options Exercise $0 +33,184 +39% $0.000000 117,457 15 Mar 2024 Direct
transaction WEX Common Stock Tax liability $3,443,276 -14,718 -13% $233.95 102,739 15 Mar 2024 Direct F1
holding WEX Common Stock 18,277 15 Mar 2024 By husband
holding WEX Common Stock 1,693 15 Mar 2024 FBC Irrevocable Trust F2
holding WEX Common Stock 1,692 15 Mar 2024 BDC Irrevocable Trust F2
holding WEX Common Stock 1,693 15 Mar 2024 GMC 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 -1,386 -100% $0.000000* 0 15 Mar 2024 Common Stock 1,386 $0.000000 Direct F3
transaction WEX Restricted Stock Units Options Exercise $0 -2,188 -50% $0.000000 2,195 15 Mar 2024 Common Stock 2,188 $0.000000 Direct F3
transaction WEX Restricted Stock Units Options Exercise $0 -2,540 -33% $0.000000 5,088 15 Mar 2024 Common Stock 2,540 $0.000000 Direct F3
transaction WEX Restricted Stock Units Options Exercise $0 -33,184 -100% $0.000000* 0 15 Mar 2024 Common Stock 33,184 $0.000000 Direct F3
transaction WEX Market Share Units Award $0 +14,565 $0.000000 14,565 15 Mar 2024 Common Stock 14,565 Direct F4, F5
* 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, 2024.
F2 This trust was first described in a Form 4 filed by the reporting person on 06/28/2022.
F3 Restricted Stock Units vested on March 15, 2024 and each RSU converted into one share of common stock.
F4 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.
F5 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.