WEX COO Joel Dearborn Sells Shares, Exercises Options

What Happened
Joel Alan Dearborn Jr., WEX’s Chief Operating Officer, International, completed multiple transactions on 2026-09-14. He sold 2,500 shares in an open-market sale at $200.00 each for $500,000. He exercised 843 stock options by paying $104.95 per share ($88,473 total), and those 843 shares were sold at $200.00 each for $168,600. The filing also reports the option/derivative disposition associated with the exercise.

Key Details

• Transaction date: 2026-09-14 (Form 4 filed 2026-09-16). Filing appears within the typical 2-business-day reporting window.
• Sales: 2,500 shares @ $200.00 = $500,000; 843 shares @ $200.00 = $168,600. Total gross proceeds from sales shown: $668,600.
• Option exercise: 843 shares exercised @ $104.95 = $88,473 paid. Net cash received from the exercise-and-sale sequence (before taxes/fees): ~$80,127 (sale proceeds $168,600 minus exercise cost $88,473).
• Shares owned after the transactions: not specified in the provided summary of the filing.
• Notable footnotes: F1 — transactions occurred automatically under a Rule 10b5-1 trading plan adopted 06/01/2026; the options exercised were scheduled to expire 03/20/2027 and would have been forfeited if not exercised. F2–F4 — prior contributions/distributions of shares to/from trusts for the benefit of Mr. Dearborn’s children (06/01/2026). F5 — option vesting schedule references earlier vesting dates (2018–2020).

Context
This was an exercise of vested options followed by immediate sale of the resulting shares (an exercise-and-sell), executed under a pre-established 10b5-1 plan. Exercise-and-sell transactions commonly occur to cover option exercise costs and tax obligations; they are not necessarily an indicator of the insider’s view on the company’s long-term prospects. Trust contributions noted in footnotes reflect estate/planning actions and do not directly signal market sentiment.