Narula Jagtar 4

What Happened Narula Jagtar, Chief Financial Officer of WEX Inc. (WEX), was granted 9,622 performance stock units (reported as a derivative award) on February 13, 2026. The Form 4 shows an acquisition at $0.00 (derivative award), reflecting that these were awarded units rather than a cash purchase. The award converted from PSUs to restricted stock units (RSUs) because the specified performance criteria were certified as met.

Key Details

• Transaction date: February 13, 2026; filed with the SEC on February 18, 2026 (filing appears timely).
• Shares/units: 9,622 units granted; reported at $0.00 per unit (derivative award).
• Vesting: RSUs will vest with respect to all underlying shares on March 15, 2026 (footnote).
• Footnotes: F1 — committee certified performance criteria were met so the PSU converted to an RSU and the reporting person’s right to the units was established. F2 — full vesting scheduled for March 15, 2026.
• Shares owned after transaction: Not disclosed in the provided filing details.

Context This was a compensation-related award (PSU → RSU conversion) rather than an open-market buy or sale, so it reflects earned equity tied to performance rather than a direct insider bet on the stock. Such awards are common for executives and typically vest subject to time or other conditions (here, full vesting on March 15, 2026) and may be subject to tax withholding when vested or settled.