Kuohn Sandra D. 4
4 · WEX Inc. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
WEX CPO Sandra Kuohn Receives Stock Awards
What Happened
Sandra D. Kuohn, Chief People Officer of WEX Inc. (WEX), was granted a total of 6,251 stock awards on March 16, 2026. The grants consist of 3,572 restricted stock units (RSUs) and a target of 2,679 market share units (MSUs). Both grants were reported as derivative awards with an acquisition price of $0.00 (typical for equity compensation awards).
Key Details
- Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (timely within the 2-business-day window). Accession: 0001710534-26-000002.
- Awards and amounts: 3,572 RSUs; 2,679 MSU target units — total target = 6,251 units. Reported acquisition price: $0.00.
- Shares owned after transaction: Not disclosed in the filing.
- Footnotes / vesting terms:
- RSUs vest one‑third on each of the first, second and third anniversaries of the grant (F1).
- MSUs are performance-based and convert to shares based on a payout factor tied to VWAP ratios (10-day VWAP before vesting vs. 10-day VWAP before grant). Minimum payout factor to earn any payout is 60%; maximum is 200% (F2, F3, F4). One‑third of MSUs vest each year on the same anniversary schedule and will be forfeited for a vesting tranche if the payout factor is below 60% (F4).
- Transaction type code: A = Award/Grant (derivative).
Context
These were equity compensation grants (time-based RSUs and performance-based MSUs), not open‑market purchases or sales. RSUs and MSUs are typically part of executive pay packages and will convert into company stock only if/when vesting and performance conditions are met. Such grants are routine for executives and do not by themselves indicate a buy/sell view by the insider.
Insider Transaction Report
- Award
Restricted Stock Units
[F1]2026-03-16+3,572→ 3,572 totalExercise: $0.00→ Common Stock (3,572 underlying) - Award
Market Share Units
[F2][F3][F4]2026-03-16+2,679→ 2,679 total→ Common Stock (2,679 underlying)
Footnotes (4)
- [F1]One-third of Restricted Stock Units ("RSUs") vest each year on the first, second and third anniversaries of the date of grant.
- [F2]Each Market Share Unit ("MSU"), a form of performance-based restricted share 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 volume weighted average closing price per share over the 10 trading days immediately preceding (and excluding) the vesting date divided by the volume weighted average closing price per share over the 10 trading days immediately preceding (and excluding) the grant date. The minimum payout factor that must be achieved to earn a payout is 60% and the maximum payout factor is 200%.
- [F3]Represents the target number of shares underlying the MSU award granted on March 16, 2026.
- [F4]One-third of the MSU award vests on each of the first, second and third anniversaries of the date of grant 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.