Trickett Sara 4

What Happened

• Sara Trickett, Chief Legal Officer of WEX Inc., had restricted equity (RSUs and performance-based MSUs) vest on March 15, 2026. A total of 1,188 shares were issued upon vesting/conversion (multiple vesting events listed as derivative exercises at $0.00). WEX automatically withheld 504 shares to cover taxes at a per-share value of $159.95, resulting in approximately $80,616 withheld and a net issuance to Trickett of about 684 shares.
• This was not an open-market sale or purchase by the insider; it was the routine vesting and conversion of awards with shares withheld for tax obligations (transaction codes M = exercise/conversion of derivative; F = shares withheld to pay taxes).

Key Details

• Transaction date: March 15, 2026. Form 4 filed: March 17, 2026 (timely).
• Shares vesting/converted: 1,188 total shares (listed as 89, 79, 964, and 56 in the filing).
• Shares withheld for taxes (disposed): 27, 24, 428, and 25 = 504 shares; withholding price reported $159.95/share; total tax withholding ≈ $80,616.
• Net shares received by insider after withholding: ~684 shares.
• Notable footnotes: RSUs vested and converted 1:1 into common stock; MSUs are performance-based and the second tranche paid out at a 71.27% payout factor (per footnote), with MSUs converting into shares based on that factor. One‑third of each RSU/MSU award vests each year on the anniversaries of the grant.
• Filing timeliness: Filed within the standard Form 4 window; not reported late.

Context

• For retail investors: this is a routine employee equity vesting event, not an indication of a discretionary open-market sale or buy. The “disposed” shares here reflect shares withheld by the company to satisfy tax withholding, not a market sale by the insider.
• MSUs are performance-based: payout can range from 60%–200% of target (here, the vested MSUs paid out at ~71.27%), so the converted share counts reflect that performance conversion.