WEX Inc. (WEX) director awarded 186 deferred restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Callahan Don reported acquisition or exercise transactions in this Form 4 filing.
WEX Inc. director Don Callahan reported receiving 186 shares of common stock in the form of restricted stock units as a compensation award. The units were granted under the Amended and Restated WEX Inc. 2019 Equity and Incentive Plan in lieu of the annual cash retainer and deferred under the Non-Employee Directors Deferred Compensation Plan. Each unit will be settled in one share of WEX common stock 200 days after Callahan’s service on the Board ends. Following this grant, Callahan directly holds 12,263 shares of WEX common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Callahan Don
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 186 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,263 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 186 shares
Holdings after transaction: 12,263 shares
Settlement timing: 200 days
3 metrics
RSU grant size
186 shares
Restricted stock units granted in lieu of annual cash retainer
Holdings after transaction
12,263 shares
Total WEX common stock directly held after grant
Settlement timing
200 days
Shares payable 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 financial
"the holder's service as a member of the Board of Directors of WEX Inc."
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 insider transaction did WEX (WEX) director Don Callahan report?
Director Don Callahan reported receiving 186 shares of WEX common stock through restricted stock units. These units were granted as part of his annual director compensation instead of a cash retainer and are deferred under company plans.
What are the terms of Don Callahan’s restricted stock units at WEX (WEX)?
Each restricted stock unit granted to Don Callahan is payable in one share of WEX common stock. Settlement occurs 200 days after his service as a WEX Board member terminates for any reason, as described in the compensation plans.
Why did WEX (WEX) grant restricted stock units instead of cash to Don Callahan?
The filing states the restricted stock units were granted in lieu of the annual cash retainer. This means WEX compensated Don Callahan for Board service with equity-based awards rather than cash, under its 2019 Equity and Incentive Plan and related director plan.
How are Don Callahan’s WEX (WEX) director fees deferred?
The filing explains that the restricted stock units were deferred under WEX’s Non-Employee Directors Deferred Compensation Plan. Under this arrangement, Callahan receives the equivalent of his annual cash retainer as stock units, settled in shares after his Board service ends.