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WEX Inc.·4

Mar 18, 6:52 PM ET

Kimball Jennifer 4

Research Summary

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Updated

WEX Chief Accounting Officer Jennifer Kimball Sells 715 Shares, Receives Awards

What Happened
Jennifer Kimball, Chief Accounting Officer of WEX Inc., had equity awards vest and converted derivatives into shares on March 16–17, 2026. RSUs and MSUs were reported as granted/converted and some tranches vested/converted into common stock. The filing shows automatic tax-withholding of 87 and 91 shares (valued at $13,641 and $14,268 respectively) and an automatic open-market sale of 715 shares at $157.82 for proceeds of $112,841. The combined value of the withheld shares and the sale is about $140,750.

Key Details

  • Transaction dates: March 16, 2026 (awards granted) and March 17, 2026 (vesting/conversions, withholding, sale).
  • Sale: 715 shares sold at $157.82 = $112,841 (reported as open market sale, footnote F3).
  • Tax withholding: 87 shares at $156.79 = $13,641 and 91 shares at $156.79 = $14,268 (automatic share-withholding to cover taxes; footnotes F1 & F2).
  • Awards/Conversions: Grants reported 3/16/2026 of 2,679 RSUs and 893 target MSUs (A entries). Multiple conversions/exercises (M entries) of tranches (295 and 310 shares) were reported on 3/17/2026. RSUs convert one-for-one to shares on vesting (F4, F5).
  • MSU payout: A prior MSU tranche vested based on a 105.38% payout factor and converted into shares (F6, F7, F8). The 893 figure is the target for a new MSU award (F9).
  • 10b5-1 plan: The 715-share sale occurred automatically under a Rule 10b5-1 trading plan adopted Aug 28, 2025 (F3).
  • Shares owned after the transactions: not specified in the data provided.
  • Filing timeliness: no late filing indicated in the provided information.

Context

  • These transactions are mostly routine compensation events: grants/vests of RSUs and MSUs, conversion of those awards into shares, and company withholding of shares to satisfy tax obligations. The 715-share sale was automatic under a pre-established 10b5-1 plan rather than an ad-hoc decision to sell.
  • For retail investors: purchases are generally more informative as bullish signals; this filing reflects vesting, tax withholding, and an automatic plan sale rather than an indicated directional vote by the insider.