DHAWAN SACHIN 4

What Happened Sachin Dhawan, Chief Technology Officer of WEX Inc. (WEX), was granted 6,420 units on February 13, 2026. The Form 4 reports the award as a derivative grant at $0.00 (6,420 units × $0.00 = $0) because this was a compensation award rather than a market purchase. The company’s Leadership Development and Compensation Committee certified that the performance criteria were met, converting the performance stock units (PSUs) into restricted stock units (RSUs).

Key Details

• Transaction date: 2026-02-13; Form 4 filed: 2026-02-18. (No late-filing flag noted in the provided data.)
• Award: 6,420 units reported as a derivative grant at $0.00 (conversion from PSU to RSU).
• Vesting: RSUs will vest in full on March 15, 2026 (per footnote).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 — PSU converted to RSU after committee certification of performance criteria; F2 — full vesting date is March 15, 2026.

Context This was a compensation grant (PSU → RSU) tied to performance, not an open-market buy or sale. Such awards reflect company compensation practices and the achievement of performance goals; they do not directly indicate an insider buying or selling shares in the market.