Carriedo Carlos 4

What Happened
Carlos Carriedo, COO — Americas Payments & Mobility at WEX, had 391 restricted stock units (RSUs) vest and convert into 391 shares of WEX common stock on June 17, 2026. To cover tax withholding, 174 of those shares were surrendered (disposed) at an effective price of $131.27 per share, totaling $22,841. The net result: 217 shares were issued to Carriedo after withholding. This transaction is an award/vesting event (not an open-market purchase or a voluntary sale).

Key Details

• Transaction date: June 17, 2026; Form 4 filed June 22, 2026 (filed 5 days after the transaction).
• Vesting/conversion: 391 RSUs converted into 391 shares (derivative conversion, code M).
• Tax withholding: 174 shares withheld/disposed at $131.27/share for $22,841 (code F).
• Net shares received: 217 shares issued to the insider after withholding.
• Shares owned after the transaction: Not specified in the filing.
• Footnotes: F1 — shares withheld to pay taxes; F2 — each RSU converted into one common share upon vesting; F3 — original RSU grant vests one-third each year over three years.
• Filing timeliness: The Form 4 was filed June 22 for a June 17 transaction (filed late relative to the two-business-day rule).

Context
This was a routine RSU vesting event with employer tax withholding (common practice). The disposition of 174 shares was to satisfy tax obligations, not necessarily an intent to sell shares on the market. For retail investors, note that vesting/awards indicate compensation realization by an insider but do not by themselves signal buy/sell sentiment like open-market purchases or discretionary sales.