Adams Kurt Patrick 4
Research Summary
AI-generated summary
WEX Director Kurt Patrick Adams Receives 79-Unit Award
What Happened
Kurt Patrick Adams, a member of WEX Inc.'s Board of Directors, was granted 79 restricted stock units (RSUs) on June 30, 2026 as deferred compensation in lieu of his annual cash retainer. The Form 4 (filed July 2, 2026; accession 0001653649-26-000012) reports the award (transaction code A). No purchase price or immediate cash value is reported for these units.
Key Details
- Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (appears timely).
- Transaction type/code: Grant / Award (A).
- Units granted: 79 restricted stock units (RSUs). Acquisition price/value: N/A / not provided.
- Shares owned after transaction: not stated in the provided filing excerpt.
- Footnote: RSUs were granted under the Amended and Restated WEX Inc. 2019 Equity and Incentive Plan and were deferred under the company's Non-Employee Directors Deferred Compensation Plan. Each RSU is payable in one share of WEX common stock 200 days after the holder's board service terminates.
- Filing timeliness: No late-filing flag shown in the excerpt.
Context
This was an award of deferred director compensation rather than an open-market buy or sale. RSUs convert to common shares at a future payout date (here, 200 days after board service ends), so this grant does not represent an immediate cash investment or sale by the director and should be viewed as routine compensation rather than a direct trading signal.