Cardwell Aimee 4

What Happened

Aimee Cardwell, a director of WEX Inc. (WEX), received a grant of 1,605 restricted stock units (RSUs) on May 14, 2026 (reported as an award, code A). On May 15, 2026 the filing reports an exercise/conversion of 1,567 derivative units (code M) at $0.00 per share (acquired) and a same‑day disposition of those 1,567 shares at $0.00 (code M). All reported transactions show $0.00 per-share consideration (typical for RSU vesting/conversion events rather than open‑market trades).

Key Details

• Transaction dates and prices:
  • May 14, 2026: Grant/award of 1,605 RSUs (A) at $0.00.
  • May 15, 2026: Exercise/conversion of 1,567 RSUs (M) at $0.00 (acquired) and a same‑day disposition of 1,567 shares (M) at $0.00.
• Reported values: Per‑share price $0.00; total dollar consideration reported as $0 for these entries.
• Shares owned following the reported transactions: Not specified in the filing.
• Footnotes of note:
  • RSUs vested on May 15, 2026 and were credited under the WEX Non‑Employee Deferred Compensation Plan; shares will be transferred as common stock 200 days after the holder’s board service terminates (F1, F2).
  • A related RSU tranche is noted to vest in full on May 14, 2027 (F3).
• Filing timeliness: Reported on May 18, 2026 for transactions on May 14–15, 2026; filing appears to be timely (within the Form 4 filing window).

Context

These entries reflect an award (RSUs) and conversion/exercise of derivative units rather than a cash purchase or open‑market sale. The filing indicates the vested RSUs are being credited to a deferred compensation plan and will not be delivered as shares until conditions in the plan are met (200 days after board service termination). Such award/deferral activity is generally routine compensation for non-employee directors and does not by itself indicate an open‑market buying or selling preference.