Deshaies Robert Joseph 4

What Happened
Robert J. Deshaies, Chief Operating Officer of WEX Inc. (WEX), was granted 12,759 restricted stock units (reported as an award/derivative) on 2026-02-13. The grant was reported at an acquisition price of $0.00 because it converted from performance stock units (PSUs) to restricted stock units (RSUs) after performance targets were certified. The RSUs are scheduled to vest in full on March 15, 2026.

Key Details

• Transaction date: 2026-02-13 (Form 4 filed 2026-02-18). Filing appears timely given the business-day timing.
• Transaction type/code: Award/Grant (A) — derivative units (PSU → RSU).
• Shares/units: 12,759 RSUs reported; reported acquisition price $0.00 (no cash paid).
• Vesting: All units vest on March 15, 2026 (per footnote).
• Footnotes: F1—PSU performance criteria were certified on 2/13/2026 and the award converted to RSUs; F2—RSUs vest on 3/15/2026.
• Shares owned after transaction: not disclosed in the provided filing data.

Context
This was a performance-based equity award that converted into RSUs upon certification of performance criteria. As a derivative grant (not an open-market purchase or sale), it reflects compensation/retention rather than an immediate buy or sell signal. The units vest on a future date (Mar 15, 2026), at which point tax withholding or other withholding-related dispositions could occur per the company plan.