Tinto Melanie J 4

Accession 0001309108-24-000085

CIK 0001309108other

View on SEC.gov Company Profile

Filed

Mar 18, 8:00 PM ET

Accepted

Mar 19, 9:05 PM ET

Size

28.2 KB

Accession

0001309108-24-000085

Insider Transaction Report

Form 4

Period: 2024-03-15

WEX Inc.WEX

Tinto Melanie J

Chief People Officer

Transactions

Exercise/Conversion
Restricted Stock Units
2024-03-15−690→ 1,385 total
Exercise: $0.00→ Common Stock (690 underlying)
Award
Market Share Units
2024-03-15+1,403→ 1,403 total
→ Common Stock (1,403 underlying)
Tax Payment
Common Stock
2024-03-15$233.95/sh−119$27,840→ 6,755 total
Tax Payment
Common Stock
2024-03-15$233.95/sh−181$42,345→ 6,982 total
Exercise/Conversion
Common Stock
2024-03-15+690→ 7,672 total
Tax Payment
Common Stock
2024-03-15$233.95/sh−307$71,823→ 7,365 total
Exercise/Conversion
Common Stock
2024-03-15+4,780→ 12,145 total
Tax Payment
Common Stock
2024-03-15$233.95/sh−2,120$495,974→ 10,025 total
Exercise/Conversion
Restricted Stock Units
2024-03-15−267→ 0 total
Exercise: $0.00→ Common Stock (267 underlying)
Exercise/Conversion
Common Stock
2024-03-15+267→ 6,874 total
Exercise/Conversion
Common Stock
2024-03-15+408→ 7,163 total
Exercise/Conversion
Restricted Stock Units
2024-03-15−408→ 410 total
Exercise: $0.00→ Common Stock (408 underlying)
Exercise/Conversion
Restricted Stock Units
2024-03-15−4,780→ 0 total
Exercise: $0.00→ Common Stock (4,780 underlying)
Award
Restricted Stock Units
2024-03-15+1,403→ 1,403 total
Exercise: $0.00→ Common Stock (1,403 underlying)

Footnotes (6)

[F1]Effective December 1, 2023, WEX eliminated WEX Inc. Common Stock as an investment alternative available under WEX's 401(k) plan. As a result, the plan liquidated the shares of WEX common stock it held, including 560 shares of WEX common stock the reporting person previously reported as beneficially owned under the plan.
[F2]Represents tax withholding in connection with the vesting of the Restricted Stock Units ("RSUs") on March 15, 2024.
[F3]Restricted Stock Units vested on March 15, 2024 and each RSU converted into one share of common stock.
[F4]Restricted Stock Units ("RSUs") vest with respect to one-third of these shares on each one year anniversary of this grant.
[F5]Each market share unit (MSU), a form of performance-based restricted stock 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 average of the closing price on the measurement date plus the nine prior trading days divided by the average stock price on the grant date (also a 10-day average) divided by the close price on the grant date. The minimum payout factor that must be achieved to earn a payout is 60% and the maximum payout factor is 200%. The target number of MSUs is reported in this Form 4.
[F6]One-third of the MSU award will vest on each of the first, second and third anniversaries of the grant date and will be converted into shares of common stock based on a payout factor, provided that the MSUs will only vest if the payout factor is at least 60%, and if the payout factor is not at least 60% on an applicable vesting date MSUs eligible to vest on that date will be forfeited.

Documents

1 file

4
wk-form4_1710896736.xmlPrimary
FORM 4

Issuer

WEX Inc.

CIK 0001309108

→

Entity typeother

Related Parties

filerCIK 0001732729

Filing Metadata

Form type: 4
Filed: Mar 18, 8:00 PM ET
Accepted: Mar 19, 9:05 PM ET
Size: 28.2 KB

View on SEC.gov