Sara Trickett - 15 Mar 2024 Form 4 Insider Report for WEX Inc. (WEX)

Role: SVP, Acting General Counsel
Signature: /s/ Timothy Bergeron, as attorney-in-fact for Sara Trickett
Issuer symbol: WEX
Transactions as of: 15 Mar 2024
Net transactions value: -$137,797
Form type: 4
Filing time: 19 Mar 2024, 21:06:00 UTC
Previous filing: 21 Feb 2024
Next filing: 03 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WEX	Common Stock	Options Exercise	$0	+82		$0.000000	82	15 Mar 2024	Direct
transaction	WEX	Common Stock	Tax liability	$8,656	-37	-45%	$233.95	45	15 Mar 2024	Direct	F1
transaction	WEX	Common Stock	Options Exercise	$0	+1,153	+2562%	$0.000000	1,198	15 Mar 2024	Direct
transaction	WEX	Common Stock	Tax liability	$119,782	-512	-43%	$233.95	686	15 Mar 2024	Direct	F1
transaction	WEX	Common Stock	Options Exercise	$0	+88	+13%	$0.000000	774	15 Mar 2024	Direct
transaction	WEX	Common Stock	Tax liability	$9,358	-40	-5.2%	$233.95	734	15 Mar 2024	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WEX	Restricted Stock Units	Options Exercise	$0	-82	-50%	$0.000000	83	15 Mar 2024	Common Stock	82	$0.000000	Direct	F2
transaction	WEX	Restricted Stock Units	Options Exercise	$0	-1,153	-100%	$0.000000^*	0	15 Mar 2024	Common Stock	1,153	$0.000000	Direct	F2
transaction	WEX	Restricted Stock Units	Options Exercise	$0	-88	-33%	$0.000000	178	15 Mar 2024	Common Stock	88	$0.000000	Direct	F2
transaction	WEX	Restricted Stock Units	Award	$0	+237		$0.000000	237	15 Mar 2024	Common Stock	237	$0.000000	Direct	F3
transaction	WEX	Restricted Stock Units	Award	$0	+1,077		$0.000000	1,077	15 Mar 2024	Common Stock	1,077	$0.000000	Direct	F4
transaction	WEX	Market Share Units	Award	$0	+237		$0.000000	237	15 Mar 2024	Common Stock	237		Direct	F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents tax withholding in connection with the vesting of the Restricted Stock Units ("RSUs") on March 15, 2024.
F2	Restricted Stock Units vested on March 15, 2024 and each RSU converted into one share of common stock.
F3	Restricted Stock Units ("RSUs") vest with respect to one-third of these shares on each one year anniversary of this grant.
F4	Restricted Stock Units ("RSUs") vest with respect to all of these shares on the one year anniversary of this grant.
F5	Each market share unit (MSU), a form of performance-based restricted stock unit, converts into the number of shares of common stock determined by applying a payout factor to the target number of MSUs vesting on a given date. The payout factor is a ratio of the average of the closing price on the measurement date plus the nine prior trading days divided by the average stock price on the grant date (also a 10-day average) divided by the close price on the grant date. The minimum payout factor that must be achieved to earn a payout is 60% and the maximum payout factor is 200%. The target number of MSUs is reported in this Form 4.
F6	One-third of the MSU award will vest on each of the first, second and third anniversaries of the grant date and will be converted into shares of common stock based on a payout factor, provided that the MSUs will only vest if the payout factor is at least 60%, and if the payout factor is not at least 60% on an applicable vesting date MSUs eligible to vest on that date will be forfeited.