WEX CAO RSUs vest; shares withheld for tax

WEX Inc. Chief Accounting Officer Jennifer Kimball reported compensation-related stock activity on March 15, 2026.

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.

Insider Trade Summary

2,172 shares exercised/converted

Exercise 12 txns

Insider Kimball Jennifer

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	154	$0.00	$0.00
Exercise	Restricted Stock Units	201	$0.00	$0.00
Exercise	Restricted Stock Units	1,674	$0.00	$0.00
Exercise	Market Share Units	143	$0.00	$0.00
Exercise	Common Stock	154	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	46	$159.95	$7K
Exercise	Common Stock	201	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	59	$159.95	$9K
Exercise	Common Stock	1,674	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	492	$159.95	$79K
Exercise	Common Stock	143	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	42	$159.95	$7K

Holdings After Transaction: Restricted Stock Units — 202 contracts (Direct); Market Share Units — 259 contracts (Direct); Common Stock — 6,491 shares (Direct)

Footnotes (8)

1. F1. 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.
2. F2. 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.
3. F3. RSUs vested on March 15, 2026 and each RSU converted into one share of common stock.
4. F4. One-third of RSUs vest each year on the first, second and third anniversaries of the date of grant.
5. F5. 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.
6. F6. 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%.
7. F7. 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.
8. F8. 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

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

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.

How many WEX (WEX) shares did Jennifer Kimball acquire through vesting?

Jennifer Kimball acquired 2,172 shares of WEX common stock when her Restricted Stock Units and Market Share Units vested on March 15, 2026. These derivative exercises were compensation-related and did not involve open-market purchases of stock.

How many WEX (WEX) shares were withheld for Jennifer Kimball’s taxes?

A total of 639 shares of WEX common stock were automatically withheld to cover tax liabilities tied to the vesting of RSUs and MSUs. These F‑code transactions are tax-withholding dispositions, not open-market sales, at a reported price of $159.95 per share.

What are WEX (WEX) Market Share Units (MSUs) mentioned in the filing?

Market Share Units are performance-based restricted share units that convert into common stock using a payout factor. For this vesting, a 71.27% payout factor applied, based on a formula comparing volume‑weighted average share prices before grant and vesting dates.

How many WEX (WEX) shares does Jennifer Kimball hold after these transactions?

After the March 15, 2026 vesting and tax-withholding transactions, Jennifer Kimball directly holds 6,491 shares of WEX common stock. The filing shows no remaining derivative awards related to these specific RSU and MSU tranches following their conversion into shares.

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.

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

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Accepted by SEC EDGAR 03/17/2026 - 12:00 AM 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^*

Kimball Jennifer

(Last) (First) (Middle)

C/O WEX INC.

1 HANCOCK STREET

(Street)

PORTLAND ME 04101

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

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

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

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

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	03/15/2026		M		154	A	$0	5,112	D
Common Stock	03/15/2026		F		46(1)	D	$159.95	5,066	D
Common Stock	03/15/2026		M		201	A	$0	5,267	D
Common Stock	03/15/2026		F		59(1)	D	$159.95	5,208	D
Common Stock	03/15/2026		M		1,674	A	$0	6,882	D
Common Stock	03/15/2026		F		492(1)	D	$159.95	6,390	D
Common Stock	03/15/2026		M		143	A	$0	6,533	D
Common Stock	03/15/2026		F		42(2)	D	$159.95	6,491	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	03/15/2026		M			154(3)	(4)	(4)	Common Stock	154	$0	0	D
Restricted Stock Units	$0	03/15/2026		M			201(3)	(4)	(4)	Common Stock	201	$0	202	D
Restricted Stock Units	$0	03/15/2026		M			1,674(3)	(5)	(5)	Common Stock	1,674	$0	0	D
Market Share Units	(6)	03/15/2026		M			143(7)	(8)	(8)	Common Stock	143	$0	259	D

Explanation of Responses:

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.

2. 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.

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

4. One-third of RSUs vest each year on the first, second and third anniversaries of the date of grant.

5. 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.

6. 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%.

7. 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.

8. 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.

Remarks:

	/s/ Matthew Finkelstein, as attorney-in-fact for Jennifer Kimball	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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