Form 4 for WEX WEX Inc.
Accepted 2025-03-18 00:00:00 ET · period of report 2025-03-15 · accession 0001309108-25-000055 · 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 | Dearborn Joel Alan JR | COO, International | F - Tax | $154.09 | -5,108 | 20.4K | -20% | -$787.1K |
| DM | 2025-03-18 | 2025-03-15 | WEX | Dearborn Joel Alan JR | COO, International | M - OptEx | $0.00 | +12.4K | 27.4K | +83% | $0 |
| DM | 2025-03-18 | 2025-03-17 | WEX | Dearborn Joel Alan JR | COO, International | A - Grant | $0.00 | +5,062 | 2,531 | New | $0 |
| DM | 2025-03-18 | 2025-03-15 | WEX | Dearborn Joel Alan JR | COO, International | M - OptEx | $0.00 | -12.4K | 0 | -100% | $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 | 4,067 | $154.09 | 27,061 | D | — | — | |
| 2 | Common | Common Stock | 2025-03-15 | M | A | 9,937 | $0.00 | 31,128 | D | — | — | |
| 3 | Common | Common Stock | 2025-03-15 | F | D | 241 | $154.09 | 21,191 | D | — | — | |
| 4 | Common | Common Stock | 2025-03-15 | M | A | 542 | $0.00 | 21,432 | D | — | — | |
| 5 | Common | Common Stock | 2025-03-15 | F | D | 392 | $154.09 | 20,890 | D | — | — | |
| 6 | Common | Common Stock | 2025-03-15 | M | A | 883 | $0.00 | 21,282 | D | — | — | |
| 7 | Common | Common Stock | 2025-03-15 | F | D | 108 | $154.09 | 27,318 | D | — | — | |
| 8 | Common | Common Stock | 2025-03-15 | M | A | 676 | $0.00 | 20,699 | D | — | — | |
| 9 | Common | Common Stock | 2025-03-15 | M | A | 365 | $0.00 | 27,426 | D | — | — | |
| 10 | Common | Common Stock | 2025-03-15 | F | D | 300 | $154.09 | 20,399 | D | — | — | |
| 11 | Derivative | Restricted Stock Units | 2025-03-17 | A | A | 2,531 | $0.00 | 2,531 | D | $0.00 · — to — | 2,531 Common Stock | (F4) One-third of RSUs vest each year on the first, second and third anniversaries of the date of grant. |
| 12 | Derivative | Market Share Units | 2025-03-15 | M | D | 365 | $0.00 | 1,086 | D | — · — to — | 365 Common Stock | (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. (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%. (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. |
| 13 | Derivative | Restricted Stock Units | 2025-03-15 | M | D | 9,937 | $0.00 | 0 | D | $0.00 · — to — | 9,937 Common Stock | (F3) RSUs vested on March 15, 2025 and each RSU converted into one share of common stock. (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. |
| 14 | Derivative | Restricted Stock Units | 2025-03-15 | M | D | 542 | $0.00 | 1,086 | D | $0.00 · — to — | 542 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. |
| 15 | Derivative | Restricted Stock Unit | 2025-03-15 | M | D | 883 | $0.00 | 886 | D | $0.00 · — to — | 883 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. |
| 16 | Derivative | Restricted Stock Unit | 2025-03-15 | M | D | 676 | $0.00 | 0 | D | $0.00 · — to — | 676 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. |
| 17 | Derivative | Market Share Units | 2025-03-17 | A | A | 2,531 | $0.00 | 2,531 | D | — · — to — | 2,531 Common Stock | (F9) Represents the target number of shares underlying the MSU award granted on March 17, 2025. (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%. (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. |