Callahan Don 4

What Happened
Don Callahan, a member of WEX Inc.'s Board of Directors, had restricted stock units (RSUs) recorded and then converted/settled as derivative shares. The filing shows a grant/award of 1,605 RSUs on 2026-05-14 (acquired as a derivative) and an exercise/conversion on 2026-05-15 of 1,567 derivative shares (acquired and simultaneously disposed) at $0.00 per share. No cash proceeds are reported in the filing; these transactions reflect vesting/conversion and deferral mechanics rather than an open-market purchase or sale.

Key Details

• Transaction dates: Grant recorded 2026-05-14; exercise/conversion and related disposition recorded 2026-05-15. Filing date: 2026-05-18 (timely).
• Prices and values: All entries show $0.00 per share and $0 total cash proceeds (these are non-cash equity/derivative events).
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1/F2: RSUs were credited to the WEX Non‑Employee Deferred Compensation Plan when vested and will be transferred/paid as common stock 200 days after the holder’s board service ends.
  • F3: Some RSUs have a vest date of May 14, 2027 (per filing language).
• Transaction codes: A = Award/Grant; M = Exercise or conversion of a derivative. The recorded disposition at $0 appears to reflect conversion into deferred plan shares, not an open-market sale.

Context
These entries involve RSU vesting and conversion into deferred plan shares rather than a market trade. Because the shares are credited to a deferred compensation plan and will only be delivered 200 days after board service terminates, this activity is administrative/compensation-related and does not necessarily signal buying or selling intent in the market.