WEX (NYSE: WEX) CDO logs RSU/MSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEX Inc. Chief Digital Officer Karen B. Stroup reported equity compensation activity and related tax withholding. On March 17, 2026, Restricted Stock Units and Market Share Units vested, converting a total of 1,731 units into an equal number of common shares, including MSUs paid out at a 105.38% payout factor. To cover taxes on these vestings, WEX automatically withheld 682 shares at a price of $156.79 per share. Following these transactions, Stroup directly held 22,285 shares of WEX common stock. On March 16, 2026, she also received new awards covering 5,358 RSUs and 4,019 MSUs tied to future performance and time-based vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,731 shares exercised/converted
Mixed
8 txns
Insider
Stroup Karen B.
Role
Chief Digital Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 843 | $0.00 | -- |
| Exercise | Market Share Units | 888 | $0.00 | -- |
| Exercise | Common Stock | 843 | $0.00 | -- |
| Tax Withholding | Common Stock | 332 | $156.79 | $52K |
| Exercise | Common Stock | 888 | $0.00 | -- |
| Tax Withholding | Common Stock | 350 | $156.79 | $55K |
| Grant/Award | Restricted Stock Units | 5,358 | $0.00 | -- |
| Grant/Award | Market Share Units | 4,019 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,688 shares (Direct);
Market Share Units — 1,643 shares (Direct);
Common Stock — 22,079 shares (Direct)
Footnotes (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. 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. RSUs vested on March 17, 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. 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%. 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. 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. Represents the target number of shares underlying the MSU award granted on March 16, 2026.
FAQ
What did WEX (WEX) Chief Digital Officer Karen Stroup report in this Form 4?
Karen Stroup reported vesting and conversion of equity awards into WEX common stock. Restricted Stock Units and Market Share Units converted into 1,731 shares, alongside automatic share withholding for taxes and new RSU and MSU grants tied to future vesting and performance.