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WEX (WEX) director Kurt Patrick Adams awarded 2,352 restricted stock units as equity compensation

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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.

Positive

  • None.

Negative

  • None.
Insider Adams Kurt Patrick
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Units 2,352 $0.00 --
Holdings After Transaction: Restricted Stock Units — 2,352 shares (Direct, null)
Footnotes (1)
  1. 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. Restricted Stock Units ("RSUs") will vest in total on May 14, 2027.
RSUs granted 2,352 units Restricted Stock Units granted to Kurt Patrick Adams
Grant price per RSU $0.00 per unit Stated transaction price for the RSU award
Underlying common shares 2,352 shares Common stock underlying the RSUs
Total RSUs after grant 2,352 units Holdings following the reported transaction
RSU vesting date May 14, 2027 Date RSUs vest in total
Payment timing after Board service 200 days Delay after service termination before stock is paid
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and footnote describing "RSUs""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Non-Employee Deferred Compensation Plan financial
"shares will be credited under the WEX Inc. Non-Employee Deferred Compensation Plan"
vest financial
"Restricted Stock Units ("RSUs") will vest in total on May 14, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Board of Directors financial
"holder's services as a member of the Board of Directors terminate"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Adams Kurt Patrick
(Last)(First)(Middle)
C/O WEX INC
1 HANCOCK ST.
(Street)
PORTLAND MAINE 04101
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
WEX Inc. [ WEX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$005/14/2026A2,352(1) (2) (2)Common Stock2,352$02,352D
Explanation of Responses:
1. 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.
2. Restricted Stock Units ("RSUs") will vest in total on May 14, 2027.
Remarks:
/s/ Matthew Finkelstein, as attorney-in-fact for Kurt Patrick Adams05/18/2026
** Signature of Reporting PersonDate
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did WEX (WEX) director Kurt Patrick Adams report in this Form 4?

Kurt Patrick Adams reported receiving a grant of 2,352 Restricted Stock Units as equity compensation. These RSUs entitle him to receive the same number of WEX common shares, subject to vesting and deferred payment terms tied to his Board service.

How many WEX (WEX) Restricted Stock Units were granted to Kurt Patrick Adams?

He was granted 2,352 Restricted Stock Units. Each RSU represents the right to receive one share of WEX common stock, at no purchase price, once vesting and the specified deferral conditions are satisfied under the company’s compensation plan.

When do Kurt Patrick Adams’s WEX (WEX) RSUs vest?

The Restricted Stock Units will vest in total on May 14, 2027. Vesting means the award becomes earned, after which the underlying shares are credited under the WEX Inc. Non-Employee Deferred Compensation Plan for later distribution as common stock.

When will Kurt Patrick Adams actually receive WEX (WEX) common stock from these RSUs?

After vesting, the shares will be paid as common stock 200 days after his Board service ends. They are first credited to the WEX Inc. Non-Employee Deferred Compensation Plan and then distributed once his directorship terminates for any reason.

Was this WEX (WEX) Form 4 a market purchase or sale of shares?

No. The filing shows a compensation-related grant of Restricted Stock Units, not an open-market buy or sell. The 2,352 RSUs are awarded at a stated price of $0.00 per unit and convert into stock later under plan terms.

How many WEX (WEX) RSUs does Kurt Patrick Adams hold after this transaction?

Following this grant, Adams holds 2,352 Restricted Stock Units directly. These RSUs correspond to 2,352 underlying WEX common shares, which remain subject to the vesting date of May 14, 2027 and the deferred distribution schedule after his Board service ends.