WEX (WEX) Chief Legal Officer receives 964 restricted stock units after PSU conversion
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEX Inc. reported that Chief Legal Officer Sara Trickett acquired 964 restricted stock units through the conversion of a prior performance stock unit award. The company’s compensation committee certified that the performance criteria for this grant were met as of February 13, 2026.
As a result of this certification, the award converted from performance stock units to restricted stock units, establishing her right to these units. All 964 restricted stock units are scheduled to vest on March 15, 2026, aligning her compensation with previously set performance goals.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Trickett Sara
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 964 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 964 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 transaction did WEX (WEX) report for Sara Trickett?
WEX reported that Chief Legal Officer Sara Trickett acquired 964 restricted stock units. These units resulted from a prior performance stock unit award that converted after performance criteria were certified as achieved on February 13, 2026, by the company’s compensation committee.
How many restricted stock units did the WEX (WEX) Chief Legal Officer receive?
Chief Legal Officer Sara Trickett received 964 restricted stock units. The units stem from a performance stock unit grant whose performance goals were certified as met, converting the award into restricted stock units and establishing her right to the 964 units.
What triggered the PSU to RSU conversion in the WEX (WEX) Form 4 filing?
The conversion was triggered when WEX’s Leadership Development and Compensation Committee certified that the performance criteria for the prior performance stock unit grant were achieved as of February 13, 2026. This certification caused the award to convert into restricted stock units.
When will the restricted stock units reported for WEX (WEX) vest?
The restricted stock units will vest in full on March 15, 2026. On that date, all underlying shares associated with the 964 restricted stock units become vested, completing the transition from the performance-based grant to fully vested equity for the reporting person.
Was the WEX (WEX) insider equity grant a purchase or an award?
The transaction was an award acquisition, not an open-market purchase. It reflects a grant of equity compensation where a performance stock unit award converted into 964 restricted stock units after meeting predefined performance criteria, as certified by the company’s compensation committee.