WEX Executive's Stock Transaction Shows Routine RSU Vesting, Not Strategic Sale

Rhea-AI Filing Summary

WEX COO of Americas Payments & Mobility, Carlos Carriedo, reported two significant transactions on June 17, 2025:

• Acquisition of 390 shares through the vesting of Restricted Stock Units (RSUs), with a conversion rate of 1:1
• Disposition of 184 shares at $143.39 per share for tax withholding purposes

Following these transactions, Carriedo holds 6,145 shares directly and retains 782 unvested RSUs. The RSU vesting schedule follows a three-year pattern, with one-third vesting annually on the grant date anniversary. These transactions were executed under regular conditions and reported within the required filing window. The filing was completed through an attorney-in-fact on June 20, 2025.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Carriedo Carlos

(Last) (First) (Middle)

C/O WEX INC.

1 HANCOCK STREET

(Street)

PORTLAND ME 04101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WEX Inc. [ WEX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	COO, Amer. Payments & Mobility

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/17/2025		M		390	A	$0	6,329	D
Common Stock	06/17/2025		F(1)		184	D	$143.39	6,145	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0	06/17/2025		M			390(2)	(3)	(3)	Common Stock	390	$0	782	D

Explanation of Responses:

1. Represents tax withholding in connection with the vesting of the Restricted Stock Units ("RSUs") on June 17, 2025.

2. RSUs vested on June 17, 2025 and each RSU converted into one share of common stock.

3. One-third of RSUs vest each year on the first, second and third anniversaries of the date of grant.

Remarks:

	/s/ Andy Schwarcz as Attorney-in-Fact for Carlos Carriedo	06/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider trading activity occurred at WEX Inc. (WEX) on June 17, 2025?

Carlos Carriedo, COO of American Payments & Mobility at WEX, acquired 390 shares through vesting of Restricted Stock Units (RSUs) and disposed of 184 shares at $143.39 per share for tax withholding purposes. After these transactions, Carriedo held 6,145 shares directly.

How many WEX shares does Carlos Carriedo own after the June 2025 transactions?

Following the reported transactions on June 17, 2025, Carlos Carriedo beneficially owns 6,145 shares of WEX common stock held directly, plus 782 unvested Restricted Stock Units.

What is the vesting schedule for WEX's Restricted Stock Units (RSUs)?

According to the filing, WEX's Restricted Stock Units vest over three years, with one-third of the RSUs vesting each year on the first, second, and third anniversaries of the grant date.

What was the price of WEX shares used for tax withholding in the June 2025 Form 4?

The Form 4 shows that WEX shares were valued at $143.39 per share for tax withholding purposes when 184 shares were withheld from Carlos Carriedo's RSU vesting on June 17, 2025.

Who filed the Form 4 for WEX's Carlos Carriedo?

The Form 4 was signed by Andy Schwarcz as Attorney-in-Fact for Carlos Carriedo on June 20, 2025, three days after the reported transactions occurred.