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WEX Inc. (NYSE: WEX) COO gains common shares from RSU vesting

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

Rhea-AI Filing Summary

WEX Inc. COO Carlos Carriedo reported the vesting and conversion of restricted stock units into common stock on March 15, 2026. A total of 8,395 RSUs converted into the same number of common shares, reflecting equity compensation rather than open‑market buying.

Of the resulting shares, 3,210 were automatically withheld by WEX at a price of $159.95 per share to cover tax obligations associated with the vesting. After these transactions, Carriedo directly held 10,949 shares of WEX common stock, showing he retained a meaningful equity stake following the RSU vesting.

Positive

  • None.

Negative

  • None.
Insider Carriedo Carlos
Role COO, Amer. Payments & Mobility
Type Security Shares Price Value
Exercise Restricted Stock Units 1,155 $0.00 --
Exercise Restricted Stock Units 964 $0.00 --
Exercise Restricted Stock Units 6,276 $0.00 --
Exercise Common Stock 1,155 $0.00 --
Tax Withholding Common Stock 339 $159.95 $54K
Exercise Common Stock 964 $0.00 --
Tax Withholding Common Stock 283 $159.95 $45K
Exercise Common Stock 6,276 $0.00 --
Tax Withholding Common Stock 2,588 $159.95 $414K
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 6,919 shares (Direct)
Footnotes (1)
  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. 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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED 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*
Carriedo Carlos
(Last) (First) (Middle)
C/O WEX INC.
1 HANCOCK STREET
(Street)
PORTLAND ME 04101
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WEX Inc. [ WEX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
COO, Amer. Payments & Mobility
3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 03/15/2026 M 1,155 A $0 6,919 D
Common Stock 03/15/2026 F 339(1) D $159.95 6,580 D
Common Stock 03/15/2026 M 964 A $0 7,544 D
Common Stock 03/15/2026 F 283(1) D $159.95 7,261 D
Common Stock 03/15/2026 M 6,276 A $0 13,537 D
Common Stock 03/15/2026 F 2,588(1) D $159.95 10,949 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $0 03/15/2026 M 1,155(2) (3) (3) Common Stock 1,155 $0 0 D
Restricted Stock Units $0 03/15/2026 M 964(2) (3) (3) Common Stock 964 $0 967 D
Restricted Stock Units $0 03/15/2026 M 6,276(2) (4) (4) Common Stock 6,276 $0 0 D
Explanation of Responses:
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.
2. RSUs vested on March 15, 2026 and each RSU converted into one share of common stock.
3. One-third of RSUs vest each year on the first, second and third anniversaries of the date of grant.
4. 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.
Remarks:
/s/ Andy Schwarcz as Attorney-in-Fact for Carlos Carriedo 03/17/2026
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did WEX (WEX) COO Carlos Carriedo report?

Carlos Carriedo reported RSU vesting that converted into WEX common stock. On March 15, 2026, 8,395 restricted stock units vested and became common shares, reflecting equity compensation rather than an open‑market share purchase or sale.

How many WEX (WEX) restricted stock units vested for the COO?

A total of 8,395 restricted stock units vested for the WEX COO. Each RSU converted into one share of common stock on March 15, 2026, as part of his compensation program with time-based and performance-based vesting conditions.

Were any WEX (WEX) shares sold by the COO in this Form 4?

No open‑market sales were reported; only tax withholding occurred. WEX automatically withheld 3,210 common shares at $159.95 per share to satisfy tax obligations tied to RSU vesting, which is different from a discretionary market sale.

How many WEX (WEX) shares were withheld for taxes from the COO’s RSU vesting?

WEX withheld 3,210 common shares to cover taxes on the vesting. These F‑code transactions used a price of $159.95 per share and represent payment of tax liability, not voluntary selling of shares into the market.

What is Carlos Carriedo’s WEX (WEX) shareholding after the reported transactions?

Following the RSU vesting and related tax withholding, Carlos Carriedo directly held 10,949 WEX common shares. This post‑transaction balance reflects the remaining equity stake after automatic share withholding for tax obligations on March 15, 2026.

What do the M and F transaction codes mean in the WEX (WEX) Form 4?

Code M indicates derivative exercises, here RSUs converting into common stock. Code F indicates shares withheld by the issuer to pay taxes or exercise costs; in this case, WEX withheld shares solely to cover tax liabilities on vested RSUs.