Adams Kurt Patrick 4
4 · WEX Inc. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
WEX Director Kurt P. Adams Receives 2,352-Share Award
What Happened Kurt P. Adams, a director of WEX Inc. (WEX), received a grant of 2,352 restricted stock units (RSUs) on May 14, 2026. The award is recorded at $0.00 (derivative award) — it is not an open-market purchase or sale and conveys no immediate cash value or share ownership until vesting and payout. This grant is a typical director compensation award rather than a signal of an immediate buy or sell.
Key Details
- Transaction date: May 14, 2026; Form filed: May 18, 2026 (timely within the 2-business-day reporting window).
- Award: 2,352 RSUs, reported at $0.00 (derivative grant).
- Vesting: RSUs vest in full on May 14, 2027 (Footnote F2).
- Payout/settlement: Upon vesting, the shares will be credited to the WEX Non-Employee Deferred Compensation Plan and will be paid to the holder as common stock 200 days after the director’s service on the board ends (Footnote F1).
- Shares owned after transaction: Not disclosed in this filing.
- Filing status: Timely filed; no late-filing indication in the record.
Context These RSUs are a form of deferred director compensation. They do not represent an immediate purchase or sale and will only convert into actual shares after vesting and the deferred payout conditions are met. Such awards are common for non-employee directors and should be interpreted as compensation, not necessarily as a direct statement of market sentiment.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-05-14+2,352→ 2,352 totalExercise: $0.00→ Common Stock (2,352 underlying)
Footnotes (2)
- [F1]Upon vesting these shares will be credited under the WEX Inc. Non-Employee Deferred Compensation Plan and will be paid to the reporting person as common stock 200 days immediately following the date upon which the holder's services as a member of the Board of Directors terminate for any reason.
- [F2]Restricted Stock Units ("RSUs") will vest in total on May 14, 2027.