4//SEC Filing
Phillips Scott Robert 4
Accession 0001309108-21-000028
CIK 0001309108other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 5:33 PM ET
Size
15.2 KB
Accession
0001309108-21-000028
Insider Transaction Report
Form 4
WEX Inc.WEX
Phillips Scott Robert
SVP and GM, EFS
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2021-02-26−52,281→ 0 totalExercise: $99.69Exp: 2027-05-10→ Common Stock (52,281 underlying) - Sale
Common Stock
2021-02-26$209.53/sh−76,609$16,051,884→ 0 total - Exercise/Conversion
Stock Option (right to buy)
2021-02-26−5,621→ 0 totalExercise: $104.95→ Common Stock (5,621 underlying) - Award
Restricted Stock Unit
2021-03-01+9,478→ 9,478 totalExercise: $0.00→ Common Stock (9,478 underlying) - Exercise/Conversion
Common Stock
2021-02-26$99.69/sh+52,281$5,211,893→ 70,988 total - Exercise/Conversion
Common Stock
2021-02-26$104.95/sh+5,621$589,924→ 76,609 total
Footnotes (5)
- [F1]The price listed is a weighted average price for all shares sold. All shares were sold for between $205.00 and $217.03. Upon request, the reporting person will provide the Securities and Exchange Commission, WEX Inc. or any security holder of WEX Inc. with full information regarding the number of shares sold at each separate purchase price.
- [F2]Half of the performance based non-statutory stock options ("Performance-Based NSOs"), reported on the Reporting Person's Form 4 dated May 12, 2017 (the "Original Form 4"), vested on June 26, 2020 when the Company's closing stock price was at least $149.54 for twenty consecutive trading days. Another quarter of the Performance-Based NSOs vested on December 29, 2020 when the Company's closing stock price was at least $174.45 for twenty consecutive trading days. There are 17,427 Performance-Based NSOSs from the Original Form 4 that have not yet vested. Please reference the Original Form 4 for further information regarding the vesting of the Performance-Based NSOs.
- [F3]This stock option vested with respect to one-third of these shares on each of 3/20/2018, 3/20/2019 and 3/20/2020.
- [F4]This award was granted as a performance stock unit. The Compensation Committee of the Company's Board of Directors certified that the performance criteria established in connection with this grant had been met as of March 1, 2021. As a result of achieving the performance criteria the award converted from a PSU to an RSU and the reporting person's right to these units was established.
- [F5]Restricted stock units will vest with respect to all of the underlying shares on March 15, 2021.
Documents
Issuer
WEX Inc.
CIK 0001309108
Entity typeother
Related Parties
1- filerCIK 0001703759
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 5:33 PM ET
- Size
- 15.2 KB