4//SEC Filing
DHAWAN SACHIN 4
Accession 0001309108-24-000087
CIK 0001309108other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 9:06 PM ET
Size
8.5 KB
Accession
0001309108-24-000087
Insider Transaction Report
Form 4
WEX Inc.WEX
DHAWAN SACHIN
Chief Technology Officer
Transactions
- Award
Restricted Stock Units
2024-03-15+2,261→ 2,261 totalExercise: $0.00→ Common Stock (2,261 underlying) - Award
Market Share Units
2024-03-15+2,261→ 2,261 total→ Common Stock (2,261 underlying)
Footnotes (3)
- [F1]Restricted Stock Units ("RSUs") vest with respect to one-third of these shares on each one year anniversary of this grant.
- [F2]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.
- [F3]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
Issuer
WEX Inc.
CIK 0001309108
Entity typeother
Related Parties
1- filerCIK 0001676699
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 9:06 PM ET
- Size
- 8.5 KB