WEX (NYSE: WEX) officer records 2,929 restricted stock units from PSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEX Inc. reported that Chief Risk and Compliance Officer Drew Ann Elena acquired 2,929 restricted stock units. These units were originally granted as performance stock units, and on February 13, 2026, the board committee certified that the performance criteria had been achieved, converting them into restricted stock units. All 2,929 units are scheduled to vest on March 15, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Drew Ann Elena
Role
Chief Risk and Compliance
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,929 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,929 shares (Direct)
Footnotes (1)
- This award was granted as a performance stock unit. The Leadership Development and Compensation Committee of the Company's Board of Directors certified that the performance criteria established in connection with this grant had been met as of February 13, 2026. As a result of achieving the performance criteria the award converted from a PSU to an RSU and the reporting person's right to these units was established. Restricted stock units will vest with respect to all of the underlying shares on March 15, 2026.
FAQ
What insider equity award did WEX Chief Risk and Compliance Officer receive?
WEX Chief Risk and Compliance Officer Drew Ann Elena received 2,929 restricted stock units. These units resulted from a prior performance stock unit grant whose performance criteria were certified as achieved on February 13, 2026, establishing her right to the award.
How did the performance stock units convert to restricted stock units at WEX?
The award was initially granted as performance stock units. On February 13, 2026, WEX’s Leadership Development and Compensation Committee certified that the performance criteria were met, causing the performance stock units to convert into 2,929 restricted stock units for the reporting person.
When will the WEX restricted stock units granted to Drew Ann Elena vest?
The restricted stock units granted to Drew Ann Elena will vest in full on March 15, 2026. Vesting applies to all underlying shares associated with the 2,929 units, according to the vesting schedule disclosed in the filing footnote.
What was the transaction price for the WEX restricted stock units reported?
The transaction price per share for the 2,929 restricted stock units was reported as $0.0000. This reflects that the units were a grant or award, not an open-market purchase, consistent with the Form 4 description of the transaction.
How many WEX restricted stock units does the insider hold after this Form 4 transaction?
After this transaction, the reporting person holds 2,929 restricted stock units. This total matches the number of units acquired when the performance stock units converted, as shown in the Form 4’s post-transaction holdings field.