Director Kurt Patrick Adams awarded 79 WEX (WEX) restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Adams Kurt Patrick reported acquisition or exercise transactions in this Form 4 filing.
WEX Inc. director Kurt Patrick Adams received 79 shares of common stock in the form of restricted stock units as a grant in lieu of his annual cash retainer. Following this award, he now holds 379 shares directly. These restricted stock units will be settled in WEX common stock 200 days after his service on the Board ends for any reason, under the company’s equity and deferred compensation plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Adams Kurt Patrick
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 79 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 379 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 79 shares
Total holdings after grant: 379 shares
RSU payout delay: 200 days
3 metrics
RSU grant size
79 shares
Restricted stock units granted in lieu of annual cash retainer
Total holdings after grant
379 shares
Direct common stock ownership following the reported grant
RSU payout delay
200 days
Paid after termination of Board service for any reason
Key Terms
restricted stock units, Amended and Restated WEX Inc. 2019 Equity and Incentive Plan, Non-Employee Directors Deferred Compensation Plan
3 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"
Non-Employee Directors Deferred Compensation Plan financial
"This was deferred in accordance with the Company's Non-Employee Directors Deferred Compensation Plan."
FAQ
What insider transaction did WEX (WEX) director Kurt Patrick Adams report?
Kurt Patrick Adams reported receiving 79 restricted stock units of WEX Inc. common stock as a grant. The award was made in lieu of his annual cash retainer for Board service under the company’s equity and incentive plan.
When will the WEX (WEX) restricted stock units granted to Kurt Patrick Adams be paid?
Each restricted stock unit will be paid in one share of WEX Inc. common stock 200 days after his Board service ends. Payment timing is tied to the termination of his service for any reason under the deferred compensation plan.
Why did Kurt Patrick Adams receive WEX (WEX) restricted stock units instead of cash?
The restricted stock units were granted in lieu of Kurt Patrick Adams’ annual cash retainer for serving on the Board. This structure aligns director compensation with WEX Inc. equity through awards under the 2019 Equity and Incentive Plan.
Are the WEX (WEX) restricted stock units granted to Kurt Patrick Adams part of a specific plan?
Yes. The restricted stock units were granted under the Amended and Restated WEX Inc. 2019 Equity and Incentive Plan and deferred according to the Non-Employee Directors Deferred Compensation Plan, as described in WEX’s 2025 proxy materials.