Director James Groch receives 186 deferred RSUs at WEX (NYSE: WEX)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GROCH JAMES R reported acquisition or exercise transactions in this Form 4 filing.
WEX Inc. director James R. Groch received an award of 186 shares of common stock in the form of restricted stock units. These units were granted under the company’s 2019 Equity and Incentive Plan in lieu of his annual cash retainer as a non-employee director.
The award is deferred under WEX’s Non-Employee Directors Deferred Compensation Plan and will be settled in an equal number of common shares 200 days after his Board service ends. Following this grant, Groch directly holds 18,143 shares of WEX common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GROCH JAMES R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 186 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 18,143 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 186 shares
Holdings after transaction: 18,143 shares
Grant price: $0.00 per share
+1 more
4 metrics
RSUs granted
186 shares
Restricted stock units granted to director on June 30, 2026
Holdings after transaction
18,143 shares
James R. Groch direct WEX common stock holdings post-grant
Grant price
$0.00 per share
Equity award granted as compensation, not a purchase
Settlement timing
200 days
Shares issued 200 days after Board service terminates
Key Terms
restricted stock units, Amended and Restated WEX Inc. 2019 Equity and Incentive Plan, annual cash retainer, Non-Employee Directors Deferred Compensation Plan, +1 more
5 terms
restricted stock units financial
"This common stock is represented by restricted stock units granted under the Amended and Restated WEX Inc. 2019 Equity and Incentive Plan"
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.
Amended and Restated WEX Inc. 2019 Equity and Incentive Plan financial
"restricted stock units granted under the Amended and Restated WEX Inc. 2019 Equity and Incentive Plan"
annual cash retainer financial
"granted ... in lieu of the annual cash retainer"
Non-Employee Directors Deferred Compensation Plan financial
"This was deferred in accordance with the Company's Non-Employee Directors Deferred Compensation Plan"
Board of Directors other
"the date upon which the holder's service as a member of the Board of Directors of WEX Inc. terminates"
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.
FAQ
What did WEX (WEX) director James R. Groch report in this Form 4?
James R. Groch reported receiving 186 restricted stock units of WEX common stock. The grant was made as director compensation in stock rather than cash and increases his direct holdings to 18,143 shares after the transaction.
What type of compensation did James R. Groch receive from WEX (WEX)?
James R. Groch received equity compensation in the form of 186 restricted stock units of WEX common stock. These units were granted instead of an annual cash retainer, aligning his director compensation more closely with the company’s equity performance.
When will the restricted stock units granted to WEX (WEX) director James R. Groch be paid?
Each restricted stock unit granted to James R. Groch will be paid in one share of WEX common stock 200 days after his service on the Board ends. This deferred schedule is governed by the company’s Non-Employee Directors Deferred Compensation Plan.
Under which plan were the 186 restricted stock units for WEX (WEX) director granted?
The 186 restricted stock units for James R. Groch were granted under the Amended and Restated WEX Inc. 2019 Equity and Incentive Plan. The award is also administered in accordance with WEX’s Non-Employee Directors Deferred Compensation Plan for timing of share delivery.