WEX (NYSE: WEX) COO granted RSUs, MSUs and gains vested shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEX Inc. COO International Joel Alan Dearborn Jr. reported routine equity compensation activity. On March 16, 2026, he received grants of 6,378 Restricted Stock Units (RSUs) and 4,784 Market Share Units (MSUs), each tied to an equivalent number of common shares.
On March 17, 2026, 843 RSUs vested and converted into 843 common shares, and 888 MSUs vested based on a 105.38% payout factor, converting into 888 common shares. To cover taxes on these vestings, 374 and 394 common shares were automatically withheld by WEX at $156.79 per share. Following these transactions, he directly held 29,872 common shares, and an additional 7,400 common shares were held indirectly by the Dearborn 2025 Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,731 shares exercised/converted
Mixed
9 txns
Insider
Dearborn Joel Alan JR
Role
COO, International
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 843 | $0.00 | -- |
| Exercise | Market Share Units | 888 | $0.00 | -- |
| Exercise | Common Stock | 843 | $0.00 | -- |
| Tax Withholding | Common Stock | 374 | $156.79 | $59K |
| Exercise | Common Stock | 888 | $0.00 | -- |
| Tax Withholding | Common Stock | 394 | $156.79 | $62K |
| Grant/Award | Restricted Stock Units | 6,378 | $0.00 | -- |
| Grant/Award | Market Share Units | 4,784 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,688 shares (Direct);
Market Share Units — 1,643 shares (Direct);
Common Stock — 29,752 shares (Direct);
Common Stock — 7,400 shares (Indirect, Dearborn 2025 Trust)
Footnotes (1)
- Represents the number of shares automatically withheld by WEX for the payment of taxes in connection with the vesting of Restricted Stock Units ("RSUs") on March 17, 2026. Represents the number of shares automatically withheld by WEX for the payment of taxes in connection with the vesting of Market Share Units ("MSUs") on March 17, 2026. This trust was first described in a Form 4 filed by the reporting person on 02/25/2026. RSUs vested on March 17, 2026 and each RSU converted into one share of common stock. One-third of RSUs vest each year on the first, second and third anniversaries of the date of grant. Each MSU, a form of performance-based restricted share unit, converts into the number of shares of common stock determined by applying a payout factor to the target number of MSUs vesting on a given date. The payout factor is a ratio of the volume weighted average closing price per share over the 10 trading days immediately preceding (and excluding) the vesting date divided by the volume weighted average closing price per share over the 10 trading days immediately preceding (and excluding) the grant date. The minimum payout factor that must be achieved to earn a payout is 60% and the maximum payout factor is 200%. Represents the number of MSUs that vested in the first tranche of the MSU award granted on March 17, 2025, based on a 105.38% payout factor, and were converted into an equal number of shares of common stock. One-third of the MSU award vests on each of the first, second and third anniversaries of the date of grant and converts into shares of common stock based on a payout factor, provided that if the payout factor is not at least 60% on an applicable vesting date, the MSUs eligible to vest on such date will be forfeited. Represents the target number of shares underlying the MSU award granted on March 16, 2026.
FAQ
What insider transactions did WEX (WEX) COO Joel Dearborn report?
Joel Dearborn reported equity compensation activity, including RSU and MSU grants, vesting of prior awards into common stock, and automatic share withholding for taxes. The filing shows no open-market share purchases or sales, only routine compensation and tax-related entries.
How many RSUs and MSUs were granted to the WEX COO in March 2026?
On March 16, 2026, the WEX COO received 6,378 Restricted Stock Units and 4,784 Market Share Units. Each unit corresponds to one share of common stock, subject to time-based vesting for RSUs and performance-based vesting mechanics for the MSUs.
What equity awards vested for the WEX COO on March 17, 2026?
On March 17, 2026, 843 RSUs vested and converted into 843 common shares. In addition, 888 MSUs vested based on a 105.38% payout factor, converting into 888 common shares, reflecting performance above the 100% target level for that MSU tranche.