Form 4 for WEX WEX Inc.
Accepted 2025-03-18 00:00:00 ET · period of report 2025-03-15 · accession 0001309108-25-000052 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-03-18 | 2025-03-15 | WEX | DHAWAN SACHIN | CTO | F - Tax | $154.09 | -549 | 3,873 | -12% | -$84.6K |
| DM | 2025-03-18 | 2025-03-15 | WEX | DHAWAN SACHIN | CTO | M - OptEx | $0.00 | +1,259 | 3,915 | +47% | $0 |
| DM | 2025-03-18 | 2025-03-17 | WEX | DHAWAN SACHIN | CTO | A - Grant | $0.00 | +7,594 | 3,797 | New | $0 |
| DM | 2025-03-18 | 2025-03-15 | WEX | DHAWAN SACHIN | CTO | M - OptEx | $0.00 | -1,259 | 1,509 | -45% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-03-15 | F | D | 373 | $154.09 | 3,542 | D | — | — | |
| 2 | Common | Common Stock | 2025-03-15 | M | A | 507 | $0.00 | 4,049 | D | — | — | |
| 3 | Common | Common Stock | 2025-03-15 | M | A | 752 | $0.00 | 3,915 | D | — | — | |
| 4 | Common | Common Stock | 2025-03-15 | F | D | 176 | $154.09 | 3,873 | D | — | — | |
| 5 | Derivative | Restricted Stock Units | 2025-03-17 | A | A | 3,797 | $0.00 | 3,797 | D | $0.00 · — to — | 3,797 Common Stock | (F4) One-third of RSUs vest each year on the first, second and third anniversaries of the date of grant. |
| 6 | Derivative | Market Share Units | 2025-03-15 | M | D | 507 | $0.00 | 1,508 | D | — · — to — | 507 Common Stock | (F6) 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. (F5) 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) 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. |
| 7 | Derivative | Restricted Stock Units | 2025-03-15 | M | D | 752 | $0.00 | 1,509 | D | $0.00 · — to — | 752 Common Stock | (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. |
| 8 | Derivative | Market Share Units | 2025-03-17 | A | A | 3,797 | $0.00 | 3,797 | D | — · — to — | 3,797 Common Stock | (F8) Represents the target number of shares underlying the MSU award granted on March 17, 2025. (F5) 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) 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. |