Trickett Sara 4

What Happened

• Sara Trickett, Chief Legal Officer of WEX Inc., received an award of 964 restricted stock units (reported as a derivative acquisition) on Feb 13, 2026. The Form 4 lists the acquisition price as $0.00 because these units were granted, not purchased. The award was a performance stock unit (PSU) that converted to restricted stock units (RSUs) after the Board’s committee certified the performance criteria.

Key Details

• Transaction date and price: Feb 13, 2026; 964 units @ $0.00 (award, transaction code A).
• Vesting: The RSUs will vest in full on March 15, 2026 (per filing footnote).
• Conversion: The Leadership Development and Compensation Committee certified performance metrics were met, converting the PSU to an RSU (footnote summary).
• Shares owned after transaction: Not specified in the provided filing details.
• Filing timeliness: Form 4 was filed Feb 18, 2026; this falls within the SEC’s two-business-day window (timely).

Context

• PSUs convert to RSUs when performance goals are met; RSUs represent a right to receive shares (or their cash value) on vesting and are a common form of executive compensation and retention. This transaction is an award grant/conversion—not a purchase or sale—so it does not directly indicate buying or selling pressure in the market.