Carriedo Carlos 4

What Happened

• Carlos Carriedo, COO of American Payments & Mobility at WEX Inc. (WEX), had restricted stock units (RSUs) vest on March 15, 2026. The RSUs converted into 8,395 shares of WEX common stock.
• To satisfy tax withholding, 3,210 shares were automatically withheld by WEX at $159.95 per share (reported proceeds ≈ $513,440). The net shares delivered to Carriedo were 5,185 shares (market value ≈ $829,340 at $159.95), for a total vested value of about $1.34M.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (no late filing indicated in the provided data).
• Reported codes: M = conversion/exercise of derivative (RSU conversion), F = shares withheld to pay taxes.
• Withheld/tax shares: 3,210 shares at $159.95 (total reported withheld value ≈ $513,440).
• Shares acquired via vesting/conversion: 8,395 shares; net shares retained: 5,185.
• Footnotes in the filing note these were RSUs that vested and converted to one share each following performance certification and the awards’ vesting schedule (one-third vesting over three anniversaries).
• Shares owned following the transaction were not specified in the provided summary.

Context

• This is a compensation-related vesting event (RSUs converting to stock), not an open-market purchase or discretionary sale by the insider. The tax withholding is routine and does not necessarily indicate a change in the insider’s view of the company.