Deshaies Robert Joseph 4

What Happened

• Robert Joseph Deshaies, Chief Operating Officer of WEX Inc. (WEX), exercised 1,032 stock options and immediately sold the 1,032 shares in an open-market transaction on 2026-02-11. The exercise price was $77.20 per share (total exercise cost $79,670) and the shares were sold at $166.00 per share (gross sale proceeds $171,312). The transaction resulted in roughly $91,642 in net proceeds before taxes and fees (sale proceeds minus exercise cost).

Key Details

• Transaction date: 2026-02-11; Form 4 filed: 2026-02-13 (timely)
• Exercise: 1,032 shares at $77.20 (total $79,670) — reported as Code M (exercise/conversion)
• Sale: 1,032 shares at $166.00 (total $171,312) — reported as Code S (open-market sale)
• Derivative disposition: the related option was reported disposed at $0 (standard reporting when options are exercised)
• Shares owned after transaction: not specified in the supplied filing data
• Footnote: The options vested earlier — one-third vested on each of 3/15/2017, 3/15/2018, and 3/15/2019 (per footnote F1)

Context

• This was an exercise-and-sell (cashless) sequence: the insider exercised vested options and immediately sold the resulting shares in the open market. Such transactions commonly monetize previously vested equity rather than signal a change in view on the company; they are routine for executives who hold long-dated grants.