WEX (NYSE: WEX) CAO exercises RSUs and MSUs, sells 715 shares

Rhea-AI Filing Summary

WEX Inc. chief accounting officer Jennifer Kimball reported several equity compensation transactions. On March 16, 2026, she received grants of 2,679 Restricted Stock Units (RSUs) and 893 Market Share Units (MSUs), each tied to one share of common stock at target.

On March 17, 2026, 295 RSUs and 310 MSUs vested and were converted into the same number of common shares. WEX automatically withheld 87 and 91 common shares, respectively, to cover tax obligations. Kimball also completed an open‑market sale of 715 common shares at $157.82 per share, executed automatically under a Rule 10b5-1 trading plan adopted on August 28, 2025.

Following these transactions, she directly owned 6,203 shares of WEX common stock.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

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^*

Kimball Jennifer

(Last) (First) (Middle)

C/O WEX INC.

1 HANCOCK STREET

(Street)

PORTLAND MAINE 04101

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	03/17/2026		M		295	A	$0	6,786	D
Common Stock	03/17/2026		F		87(1)	D	$156.79	6,699	D
Common Stock	03/17/2026		M		310	A	$0	7,009	D
Common Stock	03/17/2026		F		91(2)	D	$156.79	6,918	D
Common Stock	03/17/2026		S		715(3)	D	$157.82	6,203	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	03/17/2026		M			295(4)	(5)	(5)	Common Stock	295	$0	591	D
Market Share Units	(6)	03/17/2026		M			310(7)	(8)	(8)	Common Stock	310	$0	576	D
Restricted Stock Units	$0	03/16/2026		A		2,679		(5)	(5)	Common Stock	2,679	$0	2,679	D
Market Share Units	(6)	03/16/2026		A		893(9)		(8)	(8)	Common Stock	893	$0	893	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 17, 2026.

2. 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.

3. The reported sale of 715 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 28, 2025.

4. RSUs vested on March 17, 2026 and each RSU converted into one share of common stock.

5. One-third of RSUs vest each year on the first, second and third anniversaries of the date of grant.

6. 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%.

7. 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.

8. 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.

9. Represents the target number of shares underlying the MSU award granted on March 16, 2026.

Remarks:

	/s/ Matthew Finkelstein, as attorney-in-fact for Jennifer Kimball	03/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did WEX (WEX) report for Jennifer Kimball?

WEX reported that Chief Accounting Officer Jennifer Kimball received RSU and MSU grants, had portions vest into common shares, and completed an open‑market sale. The transactions also included automatic share withholdings to cover tax obligations tied to the vesting events on March 17, 2026.

How many WEX (WEX) shares did Jennifer Kimball sell in this Form 4?

Jennifer Kimball sold 715 shares of WEX common stock at $157.82 per share. The sale was executed automatically under a Rule 10b5-1 trading plan that she adopted on August 28, 2025, indicating the disposition was pre‑scheduled rather than a discretionary market‑timing decision.

What equity awards did Jennifer Kimball receive from WEX (WEX) in March 2026?

On March 16, 2026, Jennifer Kimball received 2,679 Restricted Stock Units and 893 Market Share Units, each linked to WEX common stock. These awards form part of her equity compensation, with RSUs vesting in thirds annually and MSUs vesting in tranches based on a payout factor formula.

How many WEX (WEX) shares does Jennifer Kimball hold after these transactions?

After the reported March 17, 2026 transactions, Jennifer Kimball directly owned 6,203 shares of WEX common stock. This figure reflects the impact of vested RSUs and MSUs, automatic tax‑withholding share reductions, and the open‑market sale of 715 shares disclosed in the Form 4.

How were taxes handled on Jennifer Kimball’s WEX (WEX) equity vesting?

WEX automatically withheld shares to pay taxes when Jennifer Kimball’s RSUs and MSUs vested. Specifically, 87 shares were withheld for RSUs and 91 shares for MSUs on March 17, 2026, reducing the net shares she retained from those vesting events without requiring separate cash payments.

What are Market Share Units (MSUs) in WEX (WEX) compensation?

WEX Market Share Units are performance-based restricted share units converting into common stock based on a payout factor. The factor uses volume‑weighted average prices before grant and vesting dates, with a minimum 60% threshold and a maximum 200%, directly influencing how many shares are earned at vesting.