Smith Melissa D 4

Accession 0001309108-24-000089

CIK 0001309108other

Filed

Mar 18, 8:00 PM ET

Accepted

Mar 19, 9:06 PM ET

Size

28.7 KB

Accession

0001309108-24-000089

Form 4

Period: 2024-03-15

CFO, EVP Finance & Operations

Transactions

Exercise/Conversion
Common Stock
2024-03-15+2,188→ 83,831 total
Tax Payment
Common Stock
2024-03-15$233.95/sh−971$227,165→ 82,860 total
Exercise/Conversion
Common Stock
2024-03-15+2,540→ 85,400 total
Tax Payment
Common Stock
2024-03-15$233.95/sh−1,127$263,662→ 84,273 total
Tax Payment
Common Stock
2024-03-15$233.95/sh−14,718$3,443,276→ 102,739 total
Exercise/Conversion
Restricted Stock Units
2024-03-15−2,540→ 5,088 total
Exercise: $0.00→ Common Stock (2,540 underlying)
Exercise/Conversion
Common Stock
2024-03-15+1,386→ 82,258 total
Tax Payment
Common Stock
2024-03-15$233.95/sh−615$143,879→ 81,643 total
Exercise/Conversion
Common Stock
2024-03-15+33,184→ 117,457 total
Exercise/Conversion
Restricted Stock Units
2024-03-15−1,386→ 0 total
Exercise: $0.00→ Common Stock (1,386 underlying)
Exercise/Conversion
Restricted Stock Units
2024-03-15−2,188→ 2,195 total
Exercise: $0.00→ Common Stock (2,188 underlying)
Exercise/Conversion
Restricted Stock Units
2024-03-15−33,184→ 0 total
Exercise: $0.00→ Common Stock (33,184 underlying)
Award
Market Share Units
2024-03-15+14,565→ 14,565 total
→ Common Stock (14,565 underlying)

Holdings

Footnotes (5)

[F1]Represents tax withholding in connection with the vesting of the Restricted Stock Units ("RSUs") on March 15, 2024.
[F2]This trust was first described in a Form 4 filed by the reporting person on 06/28/2022.
[F3]Restricted Stock Units vested on March 15, 2024 and each RSU converted into one share of common stock.
[F4]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.
[F5]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

WEX Inc.

CIK 0001309108

Entity typeother