4//SEC Filing
DHAWAN SACHIN 4
Accession 0001309108-25-000052
CIK 0001309108other
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 8:18 PM ET
Size
18.7 KB
Accession
0001309108-25-000052
Insider Transaction Report
Form 4
WEX Inc.WEX
DHAWAN SACHIN
Chief Technology Officer
Transactions
- Exercise/Conversion
Common Stock
2025-03-15+752→ 3,915 total - Exercise/Conversion
Restricted Stock Units
2025-03-15−752→ 1,509 totalExercise: $0.00→ Common Stock (752 underlying) - Tax Payment
Common Stock
2025-03-15$154.09/sh−176$27,120→ 3,873 total - Exercise/Conversion
Market Share Units
2025-03-15−507→ 1,508 total→ Common Stock (507 underlying) - Award
Market Share Units
2025-03-17+3,797→ 3,797 total→ Common Stock (3,797 underlying) - Tax Payment
Common Stock
2025-03-15$154.09/sh−373$57,476→ 3,542 total - Exercise/Conversion
Common Stock
2025-03-15+507→ 4,049 total - Award
Restricted Stock Units
2025-03-17+3,797→ 3,797 totalExercise: $0.00→ Common Stock (3,797 underlying)
Footnotes (8)
- [F1]Represents tax withholding in connection with the vesting of the Restricted Stock Units ("RSUs") on March 15, 2025.
- [F2]Represents tax withholding in connection with the vesting of the Market Stock Units ("MSUs") on March 15, 2025.
- [F3]RSUs vested on March 15, 2025 and each RSU converted into one share of common stock.
- [F4]One-third of RSUs vest each year on the first, second and third anniversaries of the date of grant.
- [F5]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%.
- [F6]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.
- [F7]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.
- [F8]Represents the target number of shares underlying the MSU award granted on March 17, 2025.
Documents
Issuer
WEX Inc.
CIK 0001309108
Entity typeother
Related Parties
1- filerCIK 0001676699
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 8:18 PM ET
- Size
- 18.7 KB