Jagtar Narula - 15 Mar 2026 Form 4 Insider Report for WEX Inc. (WEX)

Role
Chief Financial Officer
Signature
/s/ Matthew Finkelstein, as Attorney-in-Fact for Jagtar Narula
Issuer symbol
WEX
Transactions as of
15 Mar 2026
Net transactions value
$0
Form type
4
Filing time
17 Mar 2026, 20:27:23 UTC
Previous filing
25 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Narula Jagtar Chief Financial Officer C/O WEX INC., 1 HANCOCK STREET, PORTLAND /s/ Matthew Finkelstein, as Attorney-in-Fact for Jagtar Narula 17 Mar 2026 0001824593

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEX Common Stock Options Exercise +886 +4.9% $0.000000* 19,144 15 Mar 2026 Direct
transaction WEX Common Stock Tax liability -261 -1.4% $159.95* 18,883 15 Mar 2026 Direct F1
transaction WEX Common Stock Options Exercise +860 +4.6% $0.000000* 19,743 15 Mar 2026 Direct
transaction WEX Common Stock Tax liability -253 -1.3% $159.95* 19,490 15 Mar 2026 Direct F1
transaction WEX Common Stock Options Exercise +9,622 +49% $0.000000* 29,112 15 Mar 2026 Direct
transaction WEX Common Stock Tax liability -4,046 -14% $159.95* 25,066 15 Mar 2026 Direct F1
transaction WEX Common Stock Options Exercise +613 +2.4% $0.000000* 25,679 15 Mar 2026 Direct
transaction WEX Common Stock Tax liability -272 -1.1% $159.95* 25,407 15 Mar 2026 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 -886 -100% $0.000000* 0 15 Mar 2026 Common Stock 886 $0.000000 Direct F3, F4
transaction WEX Restricted Stock Units Options Exercise -860 -50% $0.000000* 864 15 Mar 2026 Common Stock 860 $0.000000 Direct F3, F4
transaction WEX Restricted Stock Units Options Exercise -9,622 -100% $0.000000* 0 15 Mar 2026 Common Stock 9,622 $0.000000 Direct F3, F5
transaction WEX Market Share Units Options Exercise -613 -36% $0.000000* 1,110 15 Mar 2026 Common Stock 613 Direct F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares automatically withheld by WEX for the payment of taxes in connection with the vesting of Restricted Stock Units ("RSUs") on March 15, 2026.
F2 Represents the number of shares automatically withheld by WEX for the payment of taxes in connection with the vesting of Market Share Units ("MSUs") on March 15, 2026.
F3 RSUs vested on March 15, 2026 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 the award (as previously reported by the reporting person), the RSUs vested on March 15, 2026 and each converted into one share of common stock.
F6 Each MSU, a form of performance-based restricted share 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 volume weighted average closing price per share over the 10 trading days immediately preceding (and excluding) the vesting date divided by the volume weighted average closing price per share over the 10 trading days immediately preceding (and excluding) 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 second tranche of the MSU award granted on March 15, 2024, based on a 71.27% 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 date of grant 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.