WEX (NYSE: WEX) awards 2,352 RSUs to board director Foss
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Foss David B reported acquisition or exercise transactions in this Form 4 filing.
WEX Inc. director David B. Foss received a grant of 2,352 Restricted Stock Units as equity compensation. These RSUs represent rights to receive an equal number of shares of WEX common stock in the future and were awarded at no cash cost per unit. The RSUs will vest in full on May 14, 2027, meaning Foss must remain eligible through that date to receive the underlying shares. Following this grant, he holds 2,352 RSUs directly, and the filing does not report any stock purchases or sales, only this compensation-related award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Foss David B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,352 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,352 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 2,352 units
Grant price per RSU: $0.0000 per unit
Total RSUs after transaction: 2,352 units
+2 more
5 metrics
RSUs granted
2,352 units
Restricted Stock Units awarded to director on May 14, 2026
Grant price per RSU
$0.0000 per unit
Stated transaction price for RSU award
Total RSUs after transaction
2,352 units
Restricted Stock Units held following the grant
Underlying common shares
2,352 shares
Common stock underlying the granted RSUs
RSU vesting date
May 14, 2027
Date when granted RSUs vest in total
Key Terms
Restricted Stock Units, RSUs, Common Stock, Grant, award, or other acquisition
4 terms
Restricted Stock Units financial
"Restricted Stock Units ("RSUs") will vest in total on May 14, 2027."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Restricted Stock Units ("RSUs") will vest in total on May 14, 2027."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Common Stock financial
"underlying_security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did WEX (WEX) director David B. Foss report in this Form 4?
David B. Foss reported receiving a grant of 2,352 Restricted Stock Units as equity compensation. These RSUs convert into the same number of WEX common shares upon vesting, adding to his potential ownership stake without involving any open-market stock purchase or sale.
How many WEX Restricted Stock Units were granted to director David B. Foss?
He was granted 2,352 Restricted Stock Units. Each RSU represents a right to receive one share of WEX common stock upon vesting, effectively aligning the director’s compensation with shareholder value over time rather than providing immediate cash compensation.
When do David B. Foss’s WEX Restricted Stock Units vest?
The 2,352 Restricted Stock Units will vest in total on May 14, 2027. Vesting on this date means Foss must satisfy the company’s continued service or eligibility conditions until then to receive the underlying WEX common shares represented by the RSUs.
Did David B. Foss buy or sell any WEX common stock in this filing?
No, the Form 4 does not show any open-market purchases or sales of WEX common stock. It only reports a grant of 2,352 Restricted Stock Units, which is a compensation award that may convert into common shares later, subject to vesting conditions.
What is the transaction code for David B. Foss’s WEX RSU grant?
The transaction is coded “A,” which signifies a grant, award, or other acquisition of derivative securities. In this case it reflects the award of 2,352 Restricted Stock Units, not a market trade, and the units were granted at a stated price of $0.0000 per unit.
How many WEX Restricted Stock Units does David B. Foss hold after this transaction?
After this grant, Foss holds 2,352 Restricted Stock Units directly. This total matches the number of RSUs awarded in the reported transaction, indicating this is his RSU position reflected in this specific Form 4, with no additional derivative holdings listed here.