WEX director granted 2,352 restricted stock units
Adams Kurt Patrick reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Adams Kurt Patrick reported acquisition or exercise transactions in this Form 4 filing.
WEX Inc. director Kurt Patrick Adams received a grant of 2,352 Restricted Stock Units as equity compensation. These RSUs represent future rights to receive an equal number of WEX common shares at no purchase price.
The RSUs will vest in full on May 14, 2027. After vesting, the shares will be credited under the WEX Inc. Non-Employee Deferred Compensation Plan and will be paid to Adams as common stock 200 days after his service on the Board of Directors ends for any reason. This filing reflects a compensation-related award, not an open-market stock purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,352 | $0.00 | $0.00 |
Footnotes (2)
- F1. Upon vesting these shares will be credited under the WEX Inc. Non-Employee Deferred Compensation Plan and will be paid to the reporting person as common stock 200 days immediately following the date upon which the holder's services as a member of the Board of Directors terminate for any reason.
- F2. Restricted Stock Units ("RSUs") will vest in total on May 14, 2027.
Key Figures
Key Terms
Restricted Stock Units financial
Non-Employee Deferred Compensation Plan financial
vest financial
Board of Directors financial
FAQ
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What did WEX (WEX) director Kurt Patrick Adams report in this Form 4?
How many WEX (WEX) Restricted Stock Units were granted to Kurt Patrick Adams?
When do Kurt Patrick Adams’s WEX (WEX) RSUs vest?
When will Kurt Patrick Adams actually receive WEX (WEX) common stock from these RSUs?
How many WEX (WEX) RSUs does Kurt Patrick Adams hold after this transaction?
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