Kimball Jennifer 4
4 · WEX Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
WEX (WEX) Chief Accounting Officer Jennifer Kimball Receives Stock Awards
What Happened
- Jennifer Kimball, WEX’s Chief Accounting Officer, had restricted stock units (RSUs) and market/share-based units (MSUs) vest and convert into common stock on March 15, 2026. A total of 2,172 shares were issued to her (conversion priced at $0 per share for the derivative), and the company withheld 639 shares to cover tax withholding obligations (dispositions valued at $159.95 per share, totaling $102,208). Net new shares delivered to her after withholding: 1,533 shares.
Key Details
- Transaction date: March 15, 2026; filing date: March 17, 2026 (appears timely).
- Conversion/exercise code: M (exercise/conversion of derivative RSUs/MSUs); Withholding/disposition code: F (shares withheld to pay taxes).
- Withheld shares and values: 46 shares ($7,358), 59 shares ($9,437), 492 shares ($78,695), 42 shares ($6,718) — all at $159.95/share.
- MSU payout: The MSUs that vested were part of the March 15, 2024 award and converted at a 71.27% payout factor (footnote), producing fewer shares than target; MSU payouts range from 60%–200%.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
Context
- These were vesting/conversion events (not open-market buys or voluntary sales). The F-coded entries reflect routine “sell-to-cover” tax withholding where the company retains shares to satisfy tax withholding on vesting. MSUs are performance-based awards; their payout depends on a formula tied to stock-price performance (described in the footnotes). Such transactions are common compensation events and don't by themselves indicate the insider is buying or selling stock for investment reasons.
Insider Transaction Report
Form 4
WEX Inc.WEX
Kimball Jennifer
Chief Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
2026-03-15+154→ 5,112 total - Tax Payment
Common Stock
[F1]2026-03-15$159.95/sh−46$7,358→ 5,066 total - Exercise/Conversion
Common Stock
2026-03-15+201→ 5,267 total - Tax Payment
Common Stock
[F1]2026-03-15$159.95/sh−59$9,437→ 5,208 total - Exercise/Conversion
Common Stock
2026-03-15+1,674→ 6,882 total - Tax Payment
Common Stock
[F1]2026-03-15$159.95/sh−492$78,695→ 6,390 total - Exercise/Conversion
Common Stock
2026-03-15+143→ 6,533 total - Tax Payment
Common Stock
[F2]2026-03-15$159.95/sh−42$6,718→ 6,491 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-03-15−154→ 0 totalExercise: $0.00→ Common Stock (154 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-03-15−201→ 202 totalExercise: $0.00→ Common Stock (201 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F5]2026-03-15−1,674→ 0 totalExercise: $0.00→ Common Stock (1,674 underlying) - Exercise/Conversion
Market Share Units
[F6][F7][F8]2026-03-15−143→ 259 total→ Common Stock (143 underlying)
Footnotes (8)
- [F1]Represents the number of shares automatically withheld by WEX for the payment of taxes in connection with the vesting of Restricted Stock Units ("RSUs") on March 15, 2026.
- [F2]Represents the number of shares automatically withheld by WEX for the payment of taxes in connection with the vesting of Market Share Units ("MSUs") on March 15, 2026.
- [F3]RSUs vested on March 15, 2026 and each RSU converted into one share of common stock.
- [F4]One-third of RSUs vest each year on the first, second and third anniversaries of the date of grant.
- [F5]Following certification of performance relating to the award (as previously reported by the reporting person), the RSUs vested on March 15, 2026 and each converted into one share of common stock.
- [F6]Each MSU, a form of performance-based restricted share 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 volume weighted average closing price per share over the 10 trading days immediately preceding (and excluding) the vesting date divided by the volume weighted average closing price per share over the 10 trading days immediately preceding (and excluding) the grant date. The minimum payout factor that must be achieved to earn a payout is 60% and the maximum payout factor is 200%.
- [F7]Represents the number of MSUs that vested in the second tranche of the MSU award granted on March 15, 2024, based on a 71.27% payout factor, and were converted into an equal number of shares of common stock.
- [F8]One-third of the MSU award vests on each of the first, second and third anniversaries of the date of grant and converts into shares of common stock based on a payout factor, provided that if the payout factor is not at least 60% on an applicable vesting date, the MSUs eligible to vest on such date will be forfeited.
Signature
/s/ Matthew Finkelstein, as attorney-in-fact for Jennifer Kimball|2026-03-17