Hilary A. Rapkin - 15 Mar 2024 Form 4 Insider Report for WEX Inc. (WEX)

Reporting relationship: Chief Legal Officer
Issuer ticker: WEX
Reported as of: 15 Mar 2024
Net transaction value: -$728,988
SEC form: 4
Accepted by SEC: 19 Mar 2024, 21:05:07 UTC
Prior SEC filing: 27 Feb 2024
Next SEC filing: 09 May 2024
Source filing: View source filing
Reporting owner signature: /s/ Timothy Bergeron, as attorney-in-fact for Hilary A. Rapkin

Key filing fact

Hilary A. Rapkin filed Form 4 for WEX Inc. (WEX) on 19 Mar 2024.

Key facts

This page summarizes Hilary A. Rapkin's Form 4 filing for WEX Inc. (WEX).
17 reported transactions and 7 derivative rows are listed below.
Accepted by SEC: 19 Mar 2024, 21:05.

Change

Previous filing in this sequence was filed on 27 Feb 2024.
Current net transaction value: -$728,988.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WEX transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +296
Change %: +2.8%
Price: $0.000000
Shares after: 10,865
Date: 15 Mar 2024
Ownership: Direct

WEX transaction

Common Stock

Tax liability

Transaction value: $30,881
Shares: -132
Change %: -1.2%
Price: $233.95
Shares after: 10,733
Date: 15 Mar 2024
Ownership: Direct
Footnotes: F1

WEX transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +370
Change %: +3.4%
Price: $0.000000
Shares after: 11,103
Date: 15 Mar 2024
Ownership: Direct

WEX transaction

Common Stock

Tax liability

Transaction value: $38,602
Shares: -165
Change %: -1.5%
Price: $233.95
Shares after: 10,938
Date: 15 Mar 2024
Ownership: Direct
Footnotes: F1

WEX transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +429
Change %: +3.9%
Price: $0.000000
Shares after: 11,367
Date: 15 Mar 2024
Ownership: Direct

WEX transaction

Common Stock

Tax liability

Transaction value: $44,684
Shares: -191
Change %: -1.7%
Price: $233.95
Shares after: 11,176
Date: 15 Mar 2024
Ownership: Direct
Footnotes: F1

WEX transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +614
Change %: +5.5%
Price: $0.000000
Shares after: 11,790
Date: 15 Mar 2024
Ownership: Direct

WEX transaction

Common Stock

Tax liability

Transaction value: $63,868
Shares: -273
Change %: -2.3%
Price: $233.95
Shares after: 11,517
Date: 15 Mar 2024
Ownership: Direct
Footnotes: F1

WEX transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +5,310
Change %: +46%
Price: $0.000000
Shares after: 16,827
Date: 15 Mar 2024
Ownership: Direct

WEX transaction

Common Stock

Tax liability

Transaction value: $550,952
Shares: -2,355
Change %: -14%
Price: $233.95
Shares after: 14,472
Date: 15 Mar 2024
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WEX transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -296
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 296
Exercise price: $0.000000
Footnotes: F2

WEX transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -370
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 370
Exercise price: $0.000000
Footnotes: F2

WEX transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -429
Change %: -50%
Price: $0.000000
Shares after: 430
Date: 15 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 429
Exercise price: $0.000000
Footnotes: F2

WEX transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -614
Change %: -33%
Price: $0.000000
Shares after: 1,230
Date: 15 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 614
Exercise price: $0.000000
Footnotes: F2

WEX transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -5,310
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,310
Exercise price: $0.000000
Footnotes: F2

WEX transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +1,034
Change %
Price: $0.000000
Shares after: 1,034
Date: 15 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,034
Exercise price: $0.000000
Footnotes: F3

WEX transaction Derivative

Market Share Units

Award

Transaction value: $0
Shares: +1,034
Change %
Price: $0.000000
Shares after: 1,034
Date: 15 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,034
Exercise price
Footnotes: F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Represents tax withholding in connection with the vesting of the Restricted Stock Units ("RSUs") on March 15, 2024.

Footnote F2

Restricted Stock Units vested on March 15, 2024 and each RSU converted into one share of common stock.

Footnote F3

Restricted Stock Units ("RSUs") vest with respect to one-third of these shares on each one year anniversary of this grant.

Footnote 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.

Footnote 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.