WEX (WEX) Chief Digital Officer nets new shares from RSU and MSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEX Inc. Chief Digital Officer Karen B. Stroup reported the vesting and conversion of equity awards into common stock. On March 15, 2026, she exercised or converted Restricted Stock Units and Market Share Units into a total of 9,021 shares of WEX common stock.
To cover related tax obligations, WEX automatically withheld 2,993 shares at a price of $159.95 per share, as described in the footnotes. After these transactions, Stroup directly owned 21,236 shares of WEX common stock. The filing reflects routine equity compensation vesting with tax withholding, not open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,021 shares exercised/converted
Mixed
12 txns
Insider
Stroup Karen B.
Role
Chief Digital Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 655 | $0.00 | -- |
| Exercise | Restricted Stock Units | 732 | $0.00 | -- |
| Exercise | Restricted Stock Units | 7,112 | $0.00 | -- |
| Exercise | Market Share Units | 522 | $0.00 | -- |
| Exercise | Common Stock | 655 | $0.00 | -- |
| Tax Withholding | Common Stock | 160 | $159.95 | $26K |
| Exercise | Common Stock | 732 | $0.00 | -- |
| Tax Withholding | Common Stock | 179 | $159.95 | $29K |
| Exercise | Common Stock | 7,112 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,448 | $159.95 | $392K |
| Exercise | Common Stock | 522 | $0.00 | -- |
| Tax Withholding | Common Stock | 206 | $159.95 | $33K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Market Share Units — 944 shares (Direct);
Common Stock — 15,863 shares (Direct)
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 15, 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 15, 2026. RSUs vested on March 15, 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. Following certification of performance relating to the award (as previously reported by the reporting person), the RSUs vested on March 15, 2026 and each converted into one share of common stock. 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 second tranche of the MSU award granted on March 15, 2024, based on a 71.27% 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.
FAQ
What insider activity did WEX (WEX) report for Karen B. Stroup?
WEX reported that Chief Digital Officer Karen B. Stroup had equity awards vest and convert into common stock. Restricted Stock Units and Market Share Units converted into 9,021 shares of WEX common stock as part of routine compensation on March 15, 2026.
Were the WEX (WEX) Form 4 transactions open-market buys or sells?
The transactions were not open-market buys or sells. They involved the vesting and conversion of Restricted Stock Units and Market Share Units into WEX common stock, with shares automatically withheld by the company to cover related tax liabilities.