[Form 4] WEX Inc. Insider Trading Activity
Rhea-AI Filing Summary
WEX Inc. Chief Financial Officer Jagtar Narula reported the vesting and conversion of equity awards into common stock. On March 15, 2026, restricted stock units and market share units converted into a total of 11,981 shares of common stock through derivative exercises.
To cover tax obligations on these vestings, 4,832 shares of common stock were automatically withheld by WEX at a price of $159.95 per share, rather than sold in the open market. After these transactions, Narula directly owned 25,407 shares of WEX common stock.
The market share unit payout for part of the award was based on a 71.27% payout factor within a structure that allows a minimum payout factor of 60% and a maximum of 200%, tying the final share conversion to the company’s stock price performance over specified trading-day windows.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 886 | $0.00 | -- |
| Exercise | Restricted Stock Units | 860 | $0.00 | -- |
| Exercise | Restricted Stock Units | 9,622 | $0.00 | -- |
| Exercise | Market Share Units | 613 | $0.00 | -- |
| Exercise | Common Stock | 886 | $0.00 | -- |
| Tax Withholding | Common Stock | 261 | $159.95 | $42K |
| Exercise | Common Stock | 860 | $0.00 | -- |
| Tax Withholding | Common Stock | 253 | $159.95 | $40K |
| Exercise | Common Stock | 9,622 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,046 | $159.95 | $647K |
| Exercise | Common Stock | 613 | $0.00 | -- |
| Tax Withholding | Common Stock | 272 | $159.95 | $44K |
Footnotes (1)
- Represents the number of shares automatically withheld by WEX for the payment of taxes in connection with the vesting of Restricted Stock Units ("RSUs") on March 15, 2026. Represents the number of shares automatically withheld by WEX for the payment of taxes in connection with the vesting of Market Share Units ("MSUs") on March 15, 2026. RSUs vested on March 15, 2026 and each RSU converted into one share of common stock. One-third of RSUs vest each year on the first, second and third anniversaries of the date of grant. Following certification of performance relating to the award (as previously reported by the reporting person), the RSUs vested on March 15, 2026 and each converted into one share of common stock. Each MSU, a form of performance-based restricted share 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 volume weighted average closing price per share over the 10 trading days immediately preceding (and excluding) the vesting date divided by the volume weighted average closing price per share over the 10 trading days immediately preceding (and excluding) the grant date. The minimum payout factor that must be achieved to earn a payout is 60% and the maximum payout factor is 200%. Represents the number of MSUs that vested in the second tranche of the MSU award granted on March 15, 2024, based on a 71.27% payout factor, and were converted into an equal number of shares of common stock. One-third of the MSU award vests on each of the first, second and third anniversaries of the date of grant 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.
