WEX Legal Chief Updates Stock Filing: Tax-Related Share Adjustment Disclosed
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
WEX Chief Legal Officer Sara Trickett filed an amended Form 4 (Form 4/A) to correct previously reported share information from a tax withholding transaction. The amendment clarifies that:
Key Transaction Details:
- On June 17, 2025, 34 shares of Common Stock were withheld for tax purposes (corrected from previously reported 23 shares)
- The withholding occurred in connection with the vesting of Market Share Units (MSUs)
- The shares were valued at $143.39 per share
- Following the transaction, Trickett directly owns 1,842 shares (corrected from previously reported 1,853 shares)
This Form 4/A was filed on June 28, 2025, amending the original Form 4 filed on June 20, 2025. The correction specifically addresses the number of shares withheld for taxes and the subsequent beneficial ownership amount.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Trickett Sara
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 34 | $143.39 | $5K |
Holdings After Transaction:
Common Stock — 1,842 shares (Direct)
Footnotes (1)
- Represents tax withholding in connection with the vesting of the Market Share Units ("MSUs") on June 17, 2025. This Amendment is being filed solely to correct the number of shares withheld for taxes in connection with the vesting of the MSUs on June 17, 2025 and the amount of securities beneficially owned following the reported transaction in the fourth row of the original Form 4. The original Form 4 filed on June 20, 2025 inadvertently reflected 23 shares and 1,853 shares, respectively.
FAQ
What changes were made in WEX Inc.'s Form 4/A amendment filed on June 28, 2025?
The Form 4/A was filed to correct the number of shares withheld for taxes in connection with the vesting of Market Share Units (MSUs) on June 17, 2025. The original Form 4 filed on June 20, 2025 incorrectly reported 23 shares withheld and 1,853 shares beneficially owned after the transaction. The amendment corrects these numbers to 34 shares withheld and 1,842 shares beneficially owned.
What is Sara Trickett's role at WEX Inc.?
Sara Trickett serves as the Chief Legal Officer at WEX Inc., as indicated in the Form 4/A filing.
What type of transaction triggered the tax withholding for WEX's Chief Legal Officer?
The tax withholding was triggered by the vesting of Market Share Units (MSUs) on June 17, 2025, resulting in 34 shares being withheld for tax purposes.