WEX (WEX) CAO gains stock from RSU/MSU vesting as shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEX Inc. Chief Accounting Officer Jennifer Kimball reported compensation-related stock activity on March 15, 2026. Several tranches of Restricted Stock Units (RSUs) and Market Share Units (MSUs) vested and were converted into a total of 2,172 shares of common stock through option-code M derivative exercises.
To cover associated tax obligations on these vestings, 639 shares of common stock were automatically withheld by WEX at $159.95 per share under code F, which is a tax-withholding disposition rather than an open-market sale. Following these transactions, Kimball directly holds 6,491 shares of WEX common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,172 shares exercised/converted
Mixed
12 txns
Insider
Kimball Jennifer
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 154 | $0.00 | -- |
| Exercise | Restricted Stock Units | 201 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,674 | $0.00 | -- |
| Exercise | Market Share Units | 143 | $0.00 | -- |
| Exercise | Common Stock | 154 | $0.00 | -- |
| Tax Withholding | Common Stock | 46 | $159.95 | $7K |
| Exercise | Common Stock | 201 | $0.00 | -- |
| Tax Withholding | Common Stock | 59 | $159.95 | $9K |
| Exercise | Common Stock | 1,674 | $0.00 | -- |
| Tax Withholding | Common Stock | 492 | $159.95 | $79K |
| Exercise | Common Stock | 143 | $0.00 | -- |
| Tax Withholding | Common Stock | 42 | $159.95 | $7K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Market Share Units — 259 shares (Direct);
Common Stock — 5,112 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.
FAQ
What insider transactions did WEX (WEX) report for Jennifer Kimball?
WEX reported that Chief Accounting Officer Jennifer Kimball had RSUs and MSUs vest on March 15, 2026. These awards converted into common shares, and a portion of those shares was withheld by WEX to pay taxes due at vesting.
Were Jennifer Kimball’s WEX (WEX) transactions open-market buys or sells?
No, the filing shows no open-market buys or sells. The M‑code entries reflect RSUs and MSUs vesting and converting into common shares, while F‑code entries represent shares automatically withheld by WEX to pay taxes owed on those vestings.