Dearborn Joel Alan JR 4

What Happened Joel Alan Dearborn Jr., WEX’s Chief Operating Officer, International, was granted 9,622 restricted stock units (RSUs) on February 13, 2026 as a result of performance stock units (PSUs) converting after certification of performance goals. The award was reported as a derivative acquisition (no cash paid; $0.00 per share recorded). This is an equity compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: February 13, 2026 (reported on Form 4 filed February 18, 2026).
• Grant: 9,622 units awarded; acquisition price reported $0.00 (award/derivative).
• Vesting: The RSUs will vest with respect to all underlying shares on March 15, 2026 (per footnote).
• Conversion: The Leadership Development and Compensation Committee certified that performance criteria were met on Feb 13, 2026, converting the PSU award to RSUs and establishing the reporting person’s rights (per footnote).
• Shares owned after transaction: Not specified in the information provided.
• Filing timeliness: Form 4 was filed Feb 18, 2026; this falls within the usual two-business-day reporting window (note Feb 16, 2026 was a market holiday), so the filing appears timely.

Context This was a compensation-related award (PSU → RSU conversion) — common for executive incentive pay and not an open-market trade. Such awards establish a future right to company stock subject to vesting and do not, by themselves, indicate a buy or sell signal.