Smith Melissa D 4

Accession 0001309108-25-000049

CIK 0001309108other

View on SEC.gov Company Profile

Filed

Mar 17, 8:00 PM ET

Accepted

Mar 18, 8:17 PM ET

Size

30.7 KB

Accession

0001309108-25-000049

Insider Transaction Report

Form 4

Period: 2025-03-15

WEX Inc.WEX

Smith Melissa D

CFO, EVP Finance & Operations

Transactions

Exercise/Conversion
Restricted Stock Units
2025-03-15−43,054→ 0 total
Exercise: $0.00→ Common Stock (43,054 underlying)
Award
Market Share Units
2025-03-17+21,397→ 21,397 total
→ Common Stock (21,397 underlying)
Exercise/Conversion
Common Stock
2025-03-15+2,195→ 71,215 total
Exercise/Conversion
Common Stock
2025-03-15+2,540→ 72,813 total
Tax Payment
Common Stock
2025-03-15$154.09/sh−1,127$173,659→ 71,686 total
Tax Payment
Common Stock
2025-03-15$154.09/sh−19,095$2,942,349→ 95,645 total
Exercise/Conversion
Common Stock
2025-03-15+3,265→ 98,910 total
Exercise/Conversion
Restricted Stock Units
2025-03-15−2,195→ 0 total
Exercise: $0.00→ Common Stock (2,195 underlying)
Exercise/Conversion
Restricted Stock Units
2025-03-15−2,540→ 2,548 total
Exercise: $0.00→ Common Stock (2,540 underlying)
Exercise/Conversion
Market Share Units
2025-03-15−3,265→ 9,710 total
→ Common Stock (3,265 underlying)
Exercise/Conversion
Common Stock
2025-03-15+43,054→ 114,740 total
Tax Payment
Common Stock
2025-03-15$154.09/sh−942$145,153→ 70,273 total
Tax Payment
Common Stock
2025-03-15$154.09/sh−1,449$223,276→ 97,461 total

Holdings

Common Stock
(indirect: By Spouse)
18,277
Common Stock
(indirect: By Trust)
1,692
Common Stock
(indirect: Melissa D. Smith 2024 GRAT)
33,719
Common Stock
(indirect: By Trust)
1,693
Common Stock
(indirect: By Trust)
1,693

Footnotes (11)

[F1]Represents tax withholding in connection with the vesting of the Restricted Stock Units ("RSUs") on March 15, 2025.
[F10]One-third of the MSU award vests on each of the first, second and third anniversaries of the grant date and converts into shares of common stock based on a payout factor, provided that if the payout factor is not at least 60% on an applicable vesting date, the MSUs eligible to vest on such date will be forfeited.
[F11]Represents the target number of shares underlying the MSU award granted on March 17, 2025.
[F2]Represents tax withholding in connection with the vesting of the Market Stock Units ("MSUs") on March 15, 2025.
[F3]This trust was first described in a Form 4 filed by the reporting person on 06/28/2022.
[F4]On August 16, 2024, the reporting person transferred 33,719 shares of common stock to a grantor retained annuity trust ("GRAT") for the benefit of Ms. Smith's children.
[F5]RSUs vested on March 15, 2025 and each RSU converted into one share of common stock.
[F6]One-third of RSUs vest each year on the first, second and third anniversaries of the date of grant.
[F7]Following certification of performance relating to this award (as previously reported by the reporting person), the RSUs vested on March 15, 2025 and each converted into one share of common stock.
[F8]Each 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%.
[F9]Represents the number of MSUs that vested in the first tranche of the MSU award granted on March 15, 2024, based on a 67.24% payout factor, and were converted into an equal number of shares of common stock.

Documents

1 file

4
wk-form4_1742343458.xmlPrimary
FORM 4

Issuer

WEX Inc.

CIK 0001309108

→

Entity typeother

Related Parties

filerCIK 0001317498

Filing Metadata

Form type: 4
Filed: Mar 17, 8:00 PM ET
Accepted: Mar 18, 8:17 PM ET
Size: 30.7 KB

View on SEC.gov