Karen B. Stroup - 15 Mar 2025 Form 4 Insider Report for WEX Inc. (WEX)

Role
Chief Digital Officer
Signature
/s/ Andy Schwarcz as attorney-in-fact for Karen Stroup
Issuer symbol
WEX
Transactions as of
15 Mar 2025
Net transactions value
-$514,661
Form type
4
Filing time
18 Mar 2025, 20:18:33 UTC
Previous filing
17 Mar 2025
Next filing
18 Feb 2026
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 +533 +8.4% $0.000000 6,864 15 Mar 2025 Direct
transaction WEX Common Stock Tax liability $20,032 -130 -1.9% $154.09 6,734 15 Mar 2025 Direct F1
transaction WEX Common Stock Options Exercise $0 +652 +9.7% $0.000000 7,386 15 Mar 2025 Direct
transaction WEX Common Stock Tax liability $24,500 -159 -2.2% $154.09 7,227 15 Mar 2025 Direct F1
transaction WEX Common Stock Options Exercise $0 +732 +10% $0.000000 7,959 15 Mar 2025 Direct
transaction WEX Common Stock Tax liability $27,582 -179 -2.2% $154.09 7,780 15 Mar 2025 Direct F1
transaction WEX Common Stock Options Exercise $0 +7,829 +101% $0.000000 15,609 15 Mar 2025 Direct
transaction WEX Common Stock Tax liability $423,902 -2,751 -18% $154.09 12,858 15 Mar 2025 Direct F1
transaction WEX Common Stock Options Exercise $0 +493 +3.8% $0.000000 13,351 15 Mar 2025 Direct
transaction WEX Common Stock Tax liability $18,645 -121 -0.91% $154.09 13,230 15 Mar 2025 Direct 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 -533 -100% $0.000000 0 15 Mar 2025 Common Stock 533 $0.000000 Direct F3, F4
transaction WEX Restricted Stock Units Options Exercise $0 -652 -50% $0.000000 655 15 Mar 2025 Common Stock 652 $0.000000 Direct F3, F4
transaction WEX Restricted Stock Units Options Exercise $0 -732 -33% $0.000000 1,467 15 Mar 2025 Common Stock 732 $0.000000 Direct F3, F4
transaction WEX Restricted Stock Units Options Exercise $0 -7,829 -100% $0.000000 0 15 Mar 2025 Common Stock 7,829 $0.000000 Direct F3, F5
transaction WEX Market Share Units Options Exercise $0 -493 -25% $0.000000 1,466 15 Mar 2025 Common Stock 493 Direct F6, F7, F8
transaction WEX Restricted Stock Units Award $0 +2,531 $0.000000 2,531 17 Mar 2025 Common Stock 2,531 $0.000000 Direct F4
transaction WEX Market Share Units Award $0 +2,531 $0.000000 2,531 17 Mar 2025 Common Stock 2,531 Direct F6, F8, F9
* 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, 2025.
F2 Represents tax withholding in connection with the vesting of the Market Stock Units ("MSUs") on March 15, 2025.
F3 RSUs vested on March 15, 2025 and each RSU converted into one share of common stock.
F4 One-third of RSUs vest each year on the first, second and third anniversaries of the date of grant.
F5 Following certification of performance relating to this award (as previously reported by the reporting person), the RSUs vested on March 15, 2025 and each converted into one share of common stock.
F6 Each 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%.
F7 Represents the number of MSUs that vested in the first tranche of the MSU award granted on March 15, 2024, based on a 67.24% payout factor, and were converted into an equal number of shares of common stock.
F8 One-third of the MSU award vests on each of the first, second and third anniversaries of the grant date and converts into shares of common stock based on a payout factor, provided that if the payout factor is not at least 60% on an applicable vesting date, the MSUs eligible to vest on such date will be forfeited.
F9 Represents the target number of shares underlying the MSU award granted on March 17, 2025.