Filing Details
- Accession Number:
- 0001309108-21-000028
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-03-02 17:33:00
- Reporting Period:
- 2021-02-26
- Accepted Time:
- 2021-03-02 17:33:00
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1309108 | Wex Inc. | WEX | Services-Business Services, Nec (7389) | 010526993 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1703759 | Robert Scott Phillips | C/O Wex Inc. 97 Darling Avenue South Portland ME 04106 | President, Global Fleet | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2021-02-26 | 52,281 | $99.69 | 70,988 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2021-02-26 | 5,621 | $104.95 | 76,609 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-02-26 | 76,609 | $209.53 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (right to buy) | Disposition | 2021-02-26 | 52,281 | $0.00 | 52,281 | $99.69 |
| Common Stock | Stock Option (right to buy) | Disposition | 2021-02-26 | 5,621 | $0.00 | 5,621 | $104.95 |
| Common Stock | Restricted Stock Unit | Acquisiton | 2021-03-01 | 9,478 | $0.00 | 9,478 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2027-05-10 | No | 4 | M | Direct | |
| 0 | No | 4 | M | Direct | ||
| 9,478 | No | 4 | A | Direct |
Footnotes
- The price listed is a weighted average price for all shares sold. All shares were sold for between $205.00 and $217.03. Upon request, the reporting person will provide the Securities and Exchange Commission, WEX Inc. or any security holder of WEX Inc. with full information regarding the number of shares sold at each separate purchase price.
- Half of the performance based non-statutory stock options ("Performance-Based NSOs"), reported on the Reporting Person's Form 4 dated May 12, 2017 (the "Original Form 4"), vested on June 26, 2020 when the Company's closing stock price was at least $149.54 for twenty consecutive trading days. Another quarter of the Performance-Based NSOs vested on December 29, 2020 when the Company's closing stock price was at least $174.45 for twenty consecutive trading days. There are 17,427 Performance-Based NSOSs from the Original Form 4 that have not yet vested. Please reference the Original Form 4 for further information regarding the vesting of the Performance-Based NSOs.
- This stock option vested with respect to one-third of these shares on each of 3/20/2018, 3/20/2019 and 3/20/2020.
- This award was granted as a performance stock unit. The Compensation Committee of the Company's Board of Directors certified that the performance criteria established in connection with this grant had been met as of March 1, 2021. As a result of achieving the performance criteria the award converted from a PSU to an RSU and the reporting person's right to these units was established.
- Restricted stock units will vest with respect to all of the underlying shares on March 15, 2021.
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