[Form 4] WEX Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEX Inc. COO, Benefits Robert Joseph Deshaies reported equity award vesting and related share movements. On March 15, 2026, restricted stock units (RSUs) and market share units (MSUs) converted into a total of 15,121 shares of WEX common stock through derivative exercises.
To cover tax obligations on these RSU and MSU vestings, WEX automatically withheld 7,190 shares of common stock at a price of $159.95 per share, characterized as tax-withholding dispositions rather than open-market sales. After these transactions, Deshaies directly held 22,790 shares of WEX common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,121 shares exercised/converted
Mixed
12 txns
Insider
Deshaies Robert Joseph
Role
COO, Benefits
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,175 | $0.00 | -- |
| Exercise | Restricted Stock Units | 693 | $0.00 | -- |
| Exercise | Restricted Stock Units | 12,759 | $0.00 | -- |
| Exercise | Market Share Units | 494 | $0.00 | -- |
| Exercise | Common Stock | 1,175 | $0.00 | -- |
| Tax Withholding | Common Stock | 407 | $159.95 | $65K |
| Exercise | Common Stock | 693 | $0.00 | -- |
| Tax Withholding | Common Stock | 240 | $159.95 | $38K |
| Exercise | Common Stock | 12,759 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,298 | $159.95 | $1.01M |
| Exercise | Common Stock | 494 | $0.00 | -- |
| Tax Withholding | Common Stock | 245 | $159.95 | $39K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Market Share Units — 894 shares (Direct);
Common Stock — 16,034 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 15, 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 15, 2026. RSUs vested on March 15, 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. Following certification of performance relating to the award (as previously reported by the reporting person), the RSUs vested on March 15, 2026 and each converted into one share of common stock. 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 second tranche of the MSU award granted on March 15, 2024, based on a 71.27% 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.
