WEX (NYSE: WEX) officer records 2,929 restricted stock units from PSU grant

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.

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

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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^*

Drew Ann Elena

(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)
	Chief Risk and Compliance

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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

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(1)	$0	02/13/2026		A		2,929		(2)	(2)	Common Stock	2,929	$0	2,929	D

Explanation of Responses:

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.

2. Restricted stock units will vest with respect to all of the underlying shares on March 15, 2026.

Remarks:

	/s/ Matthew Finkelstein, as attorney-in-fact for Ann Elena Drew	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** 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 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.