GROCH JAMES R 4

What Happened

• James R. Groch, a member of WEX Inc.'s board of directors, was granted 1,605 restricted stock units (RSUs) on 2026-05-14 (reported as an award at $0). Per the filing, those RSUs vested on May 15, 2026. The filing also shows conversion/exercise transactions on 2026-05-15 for 1,567 shares (reported as acquired at $0) and a simultaneous disposition of 1,567 shares (reported at $0). No cash values were reported for these transactions.

Key Details

• Transaction dates/prices: Award 1,605 RSUs on 2026-05-14 (A) at $0; conversion/exercise 1,567 shares on 2026-05-15 (M) acquired at $0 and 1,567 shares disposed on 2026-05-15 (M) at $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1/F2: The RSUs vested on May 15, 2026 and were credited to the WEX Non‑Employee Deferred Compensation Plan; they will be transferred/paid as common stock 200 days following the date the holder’s board service terminates.
  • F3: A related note states RSUs will vest in total on May 14, 2027 (see filing for specifics on different tranches).
• Timing: Form 4 filed 2026-05-18 — appears timely (filed within the usual Form 4 window after the 5/14–5/15 transactions).
• Note on share counts: The grant was for 1,605 RSUs while 1,567 shares were converted/disposed (a difference of 38 shares), which commonly reflects tax withholding or similar plan-side adjustments.

Context

• These filings record a grant of RSUs that vested and a conversion/exercise of derivative units. The reported $0 values and the footnotes indicate these awards were credited to a deferred compensation plan and are not the same as a cash purchase or a market sale by the insider. Deferred payouts will occur per the plan (200 days after termination of board service).