WEX director exercises RSUs, raises holdings to 9,538

WEX Inc. director Stephen Montgomery Smith reported routine equity compensation activity.

Rhea-AI Filing Summary

WEX Inc. director Stephen Montgomery Smith reported routine equity compensation activity. On May 14, 2026, he received a grant of 1,605 Restricted Stock Units (RSUs), which the footnotes state will vest in total on May 14, 2027. On May 15, 2026, 1,567 previously granted RSUs vested and each RSU converted into one share of common stock, increasing his direct common stock holdings to 9,538 shares. The filing shows only grants and RSU vesting exercises, with no open‑market purchases or sales.

Insider Trade Summary

1,567 shares exercised/converted

Exercise 3 txns

Insider Smith Stephen Montgomery

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,567	$0.00	$0.00
Exercise	Common Stock	1,567	$0.00	$0.00
Grant/Award	Restricted Stock Units	1,605	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 1,605 contracts (Direct); Common Stock — 9,538 shares (Direct)

Footnotes (2)

1. F1. Restricted Stock Units ("RSUs") will vest in total on May 14, 2027.
2. F2. RSUs vested on May 15, 2026 and each RSU converted into one share of common stock.

Key Figures

RSUs granted: 1,605 units RSUs vested and converted: 1,567 units Shares held after transactions: 9,538 shares +2 more

5 metrics

RSUs granted 1,605 units Restricted Stock Units granted on May 14, 2026

RSUs vested and converted 1,567 units RSUs vested and converted to common stock on May 15, 2026

Shares held after transactions 9,538 shares Direct WEX common stock holdings following May 15, 2026 vesting

Exercise/Conversion price $0.00 per unit RSU grant and conversion price as reported

Future RSU vesting date May 14, 2027 Grant of 1,605 RSUs scheduled to vest in total

Key Terms

Restricted Stock Units, RSUs vested, derivative security, grant, award, or other acquisition

4 terms

Restricted Stock Units financial

"Restricted Stock Units ("RSUs") will vest in total on May 14, 2027."

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.

RSUs vested financial

"RSUs vested on May 15, 2026 and each RSU converted into one share of common stock."

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did WEX (WEX) director Stephen Montgomery Smith report?

Stephen Montgomery Smith reported equity compensation activity, including an RSU grant and an RSU vesting. He received 1,605 Restricted Stock Units on May 14, 2026, and 1,567 RSUs vested into common shares on May 15, 2026, with no reported share sales.

How many WEX (WEX) shares does Stephen Montgomery Smith hold after this Form 4?

After the RSU vesting and conversion, Stephen Montgomery Smith directly holds 9,538 shares of WEX common stock. This reflects the addition of 1,567 shares received when previously granted Restricted Stock Units vested and converted into common stock on May 15, 2026.

Did Stephen Montgomery Smith sell any WEX (WEX) shares in this Form 4 filing?

No, the Form 4 does not report any sales of WEX shares by Stephen Montgomery Smith. The transactions consist of an RSU grant and the exercise/vesting of 1,567 Restricted Stock Units that converted into common stock, increasing his direct shareholdings.

What Restricted Stock Unit grants are disclosed for WEX (WEX) director Stephen Montgomery Smith?

The filing shows a grant of 1,605 Restricted Stock Units on May 14, 2026. Footnotes state these RSUs will vest in total on May 14, 2027, and are tied to WEX common stock, with each unit representing the right to receive one share upon vesting.

When did Stephen Montgomery Smith’s WEX (WEX) RSUs vest and convert to common stock?

According to the footnotes, 1,567 Restricted Stock Units vested on May 15, 2026 and each RSU converted into one share of WEX common stock. This vesting event increased his direct common stock holdings while eliminating that specific RSU balance.

What type of transactions are coded “M” and “A” in this WEX (WEX) Form 4?

In this Form 4, code “M” represents the exercise or conversion of derivative securities, here RSUs converting into common stock. Code “A” reflects a grant or award acquisition, specifically the 1,605 Restricted Stock Units granted to Stephen Montgomery Smith as equity compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/18/2026 - 06:03 PM Learn about SEC filing dates

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^*

Smith Stephen Montgomery

(Last) (First) (Middle)

C/O WEX INC.

1 HANCOCK STREET

(Street)

PORTLAND MAINE 04101

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WEX Inc. [ WEX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/15/2026		M		1,567	A	$0	9,538	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0	05/14/2026		A		1,605		(1)	(1)	Common Stock	1,605	$0	1,605	D
Restricted Stock Units	$0	05/15/2026		M			1,567	(2)	(2)	Common Stock	1,567	$0	0	D

Explanation of Responses:

1. Restricted Stock Units ("RSUs") will vest in total on May 14, 2027.

2. RSUs vested on May 15, 2026 and each RSU converted into one share of common stock.

Remarks:

	/s/ Matthew Finkelstein, as attorney-in-fact for Stephen M. Smith	05/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)