Earnings Feed
Start Free
WEX Inc.·4

Mar 18, 6:52 PM ET

Kimball Jennifer 4

4 · WEX Inc. · Filed Mar 18, 2026

Research Summary

AI-generated summary of this filing

Updated

WEX Chief Accounting Officer Jennifer Kimball Sells 715 Shares, Receives Awards

What Happened
Jennifer Kimball, Chief Accounting Officer of WEX Inc., had equity awards vest and converted derivatives into shares on March 16–17, 2026. RSUs and MSUs were reported as granted/converted and some tranches vested/converted into common stock. The filing shows automatic tax-withholding of 87 and 91 shares (valued at $13,641 and $14,268 respectively) and an automatic open-market sale of 715 shares at $157.82 for proceeds of $112,841. The combined value of the withheld shares and the sale is about $140,750.

Key Details

  • Transaction dates: March 16, 2026 (awards granted) and March 17, 2026 (vesting/conversions, withholding, sale).
  • Sale: 715 shares sold at $157.82 = $112,841 (reported as open market sale, footnote F3).
  • Tax withholding: 87 shares at $156.79 = $13,641 and 91 shares at $156.79 = $14,268 (automatic share-withholding to cover taxes; footnotes F1 & F2).
  • Awards/Conversions: Grants reported 3/16/2026 of 2,679 RSUs and 893 target MSUs (A entries). Multiple conversions/exercises (M entries) of tranches (295 and 310 shares) were reported on 3/17/2026. RSUs convert one-for-one to shares on vesting (F4, F5).
  • MSU payout: A prior MSU tranche vested based on a 105.38% payout factor and converted into shares (F6, F7, F8). The 893 figure is the target for a new MSU award (F9).
  • 10b5-1 plan: The 715-share sale occurred automatically under a Rule 10b5-1 trading plan adopted Aug 28, 2025 (F3).
  • Shares owned after the transactions: not specified in the data provided.
  • Filing timeliness: no late filing indicated in the provided information.

Context

  • These transactions are mostly routine compensation events: grants/vests of RSUs and MSUs, conversion of those awards into shares, and company withholding of shares to satisfy tax obligations. The 715-share sale was automatic under a pre-established 10b5-1 plan rather than an ad-hoc decision to sell.
  • For retail investors: purchases are generally more informative as bullish signals; this filing reflects vesting, tax withholding, and an automatic plan sale rather than an indicated directional vote by the insider.

Insider Transaction Report

Form 4
Period: 2026-03-16
WEX Inc.WEX
Kimball Jennifer
Chief Accounting Officer
Transactions
  • Exercise/Conversion

    Common Stock

    2026-03-17+295→ 6,786 total
  • Tax Payment

    Common Stock

    [F1]
    2026-03-17$156.79/sh−87$13,641→ 6,699 total
  • Exercise/Conversion

    Common Stock

    2026-03-17+310→ 7,009 total
  • Tax Payment

    Common Stock

    [F2]
    2026-03-17$156.79/sh−91$14,268→ 6,918 total
  • Sale

    Common Stock

    [F3]
    2026-03-17$157.82/sh−715$112,841→ 6,203 total
  • Exercise/Conversion

    Restricted Stock Units

    [F4][F5]
    2026-03-17−295→ 591 total
    Exercise: $0.00→ Common Stock (295 underlying)
  • Exercise/Conversion

    Market Share Units

    [F6][F7][F8]
    2026-03-17−310→ 576 total
    → Common Stock (310 underlying)
  • Award

    Restricted Stock Units

    [F5]
    2026-03-16+2,679→ 2,679 total
    Exercise: $0.00→ Common Stock (2,679 underlying)
  • Award

    Market Share Units

    [F6][F9][F8]
    2026-03-16+893→ 893 total
    → Common Stock (893 underlying)
Footnotes (9)
  • [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 17, 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 17, 2026.
  • [F3]The reported sale of 715 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 28, 2025.
  • [F4]RSUs vested on March 17, 2026 and each RSU converted into one share of common stock.
  • [F5]One-third of RSUs vest each year on the first, second and third anniversaries of the date of grant.
  • [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 first tranche of the MSU award granted on March 17, 2025, based on a 105.38% 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.
  • [F9]Represents the target number of shares underlying the MSU award granted on March 16, 2026.
Signature
/s/ Matthew Finkelstein, as attorney-in-fact for Jennifer Kimball|2026-03-18

Documents

1 file
  • 4
    wk-form4_1773874349.xmlPrimary

    FORM 4