What was the purpose of WEX's share disposal reported in the June 2025 Form 4?

The disposal of 478 WEX shares at $143.39 per share was specifically for tax withholding purposes in connection with the vesting of Restricted Stock Units (RSUs) on June 17, 2025, as indicated in the filing's explanatory notes.

WEX Executive Holds Strong Position Despite Tax-Related Share Sale

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

WEX Chief Risk and Compliance Officer Ann Elena Drew reported significant insider transactions on June 17, 2025. The transactions involved the vesting of Restricted Stock Units (RSUs) and subsequent tax-related share dispositions:

1,465 RSUs vested and converted to common stock at $0 exercise price
478 shares were disposed of at $143.39 per share for tax withholding purposes
Following these transactions, Drew holds 9,226 shares directly

The RSUs fully vested on the first anniversary of their grant date. The transactions were executed pursuant to the standard vesting schedule and tax withholding requirements, rather than discretionary trading decisions. The filing was completed through an attorney-in-fact on June 20, 2025.

Insider Trade Summary

1,465 shares exercised/converted

Mixed 3 txns

Insider Drew Ann Elena

Role Chief Risk and Compliance

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,465	$0.00	--
Exercise	Common Stock	1,465	$0.00	--
Tax Withholding	Common Stock	478	$143.39	$69K

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 9,704 shares (Direct)

Footnotes (1)

Represents tax withholding in connection with the vesting of the Restricted Stock Units ("RSUs") on June 17, 2025. RSUs vested on June 17, 2025 and each RSU converted into one share of common stock. All RSUs vested on the first anniversary of the date of grant.

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Form 4 Insider Transactions: What Each Field Means →

06/20/2025 - 06:25 PM

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^*

Drew Ann Elena

(Last)

(First)

(Middle)

C/O WEX INC.

1 HANCOCK STREET

(Street)

PORTLAND

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)
	Chief Risk and Compliance

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/17/2025		M		1,465	A	$0	9,704	D
Common Stock	06/17/2025		F⁽¹⁾		478	D	$143.39	9,226	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0	06/17/2025		M			1,465⁽²⁾	⁽³⁾	⁽³⁾	Common Stock	1,465	$0	0	D

Explanation of Responses:

1. Represents tax withholding in connection with the vesting of the Restricted Stock Units ("RSUs") on June 17, 2025.

2. RSUs vested on June 17, 2025 and each RSU converted into one share of common stock.

3. All RSUs vested on the first anniversary of the date of grant.

Remarks:

	/s/ Matthew Finkelstein, as attorney-in-fact for Ann Elena Drew	06/20/2025
	** 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 trading activity occurred at WEX Inc. (WEX) on June 17, 2025?

WEX's Chief Risk and Compliance Officer Ann Elena Drew had two transactions: First, 1,465 Restricted Stock Units (RSUs) vested and converted to common stock. Then, 478 shares were disposed of at $143.39 per share for tax withholding purposes, leaving her with 9,226 shares directly owned.

How many WEX shares does Ann Elena Drew own after the June 2025 transactions?

Following the reported transactions on June 17, 2025, Ann Elena Drew (Chief Risk and Compliance Officer) directly owns 9,226 shares of WEX common stock.

What was the vesting schedule for WEX's Restricted Stock Units (RSUs) reported in the Form 4?

According to the filing, the Restricted Stock Units (RSUs) vested on the first anniversary of the grant date, with full vesting occurring on June 17, 2025. Each RSU converted into one share of common stock upon vesting.