WEX (WEX) director Sobbott gains shares through RSU grant and vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEX Inc. director Susan Sobbott reported routine equity compensation activity. On May 14, 2026, she received a grant of 1,605 Restricted Stock Units, which will vest in full on May 14, 2027. On May 15, 2026, 1,567 RSUs vested and each RSU converted into one share of common stock at no cash exercise price. Following these transactions, she directly holds 7,881 shares of WEX common stock. These filings reflect compensation-related awards and vesting, not open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,567 shares exercised/converted
Mixed
3 txns
Insider
Sobbott Susan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,567 | $0.00 | -- |
| Exercise | Common Stock | 1,567 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,605 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 7,881 shares (Direct, null)
Footnotes (1)
- Restricted Stock Units ("RSUs") will vest in total on May 14, 2027. RSUs vested on May 15, 2026 and each RSU converted into one share of common stock.
Key Figures
RSU grant: 1,605 units
RSUs vested: 1,567 units
Shares received from vesting: 1,567 shares
+2 more
5 metrics
RSU grant
1,605 units
Restricted Stock Units granted on May 14, 2026
RSUs vested
1,567 units
RSUs vested and converted on May 15, 2026
Shares received from vesting
1,567 shares
Each RSU converted into one WEX common share
Holdings after transactions
7,881 shares
Direct WEX common stock held following Form 4 transactions
Exercise price
$0.00 per unit
RSU conversion price shown in Form 4
Key Terms
Restricted Stock Units, RSUs, derivative security
3 terms
Restricted Stock Units financial
"Restricted Stock Units ("RSUs") will vest in total on May 14, 2027."
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.
RSUs financial
"RSUs vested on May 15, 2026 and each RSU converted into one share of common stock."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did WEX (WEX) director Susan Sobbott report?
Susan Sobbott reported equity compensation activity, including a grant of 1,605 Restricted Stock Units and the vesting of 1,567 RSUs that converted into common shares. These are non-cash, compensation-related acquisitions rather than open-market stock purchases or sales.
What RSU grant did Susan Sobbott receive from WEX (WEX) in May 2026?
On May 14, 2026, Susan Sobbott received a grant of 1,605 Restricted Stock Units from WEX. According to the filing, these RSUs will vest in total on May 14, 2027, subject to the standard vesting conditions described in the company’s award terms.
Were Susan Sobbott’s WEX (WEX) Form 4 transactions open-market buys or sells?
No, the transactions were not open-market buys or sells. They represent a grant of new Restricted Stock Units and the vesting and conversion of existing RSUs into common shares, both categorized as acquisitions related to equity compensation rather than market trading.