Carriedo Carlos 4
4 · WEX Inc. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
WEX COO Carlos Carriedo Receives Awards; 786 Shares Withheld
What Happened
Carlos Carriedo, WEX’s COO for Americas Payments & Mobility, received equity awards and had a portion vest/convert in mid‑March 2026. On March 16, 2026 he was granted 6,634 Market Share Units (MSUs, performance‑based) and 4,975 Restricted Stock Units (RSUs). On March 17, 2026, 1,771 derivative units converted into shares (reported as exercise/conversion at $0.00). To satisfy tax withholding on the vesting, 786 shares were surrendered/withheld at $156.79 per share, totaling $123,237. The filings show a conversion/administrative disposal line for 1,771 shares at $0.00 (no cash proceeds).
Key Details
- Transaction dates: Grants on 2026-03-16; conversions/vesting and tax withholding on 2026-03-17. Filing date: 2026-03-18.
- Prices/values: Withheld 786 shares @ $156.79 = $123,237. Grants and conversions reported at $0.00 (typical for RSU/MSU conversions).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes of note:
- RSUs vested on March 17 and converted 1-for-1 into shares (F2); one‑third of RSUs/MSUs typically vest each year (F3, F6).
- MSUs are performance‑based and convert to a variable number of shares based on a payout factor tied to VWAP; payout range is 60%–200% of target (F4, F5, F6).
- F1 indicates the 786‑share disposition reflects shares automatically withheld by WEX for taxes on vesting.
- Filing timeliness: Filed March 18 for March 16–17 activity — appears within the usual 2 business‑day Form 4 window.
Context
- These entries reflect executive compensation activity (grants and vesting/conversion), not an open‑market purchase or sale for personal liquidity. The tax withholding is a routine administrative disposition and does not necessarily indicate bearish sentiment. MSU awards are performance‑based: the ultimate number of shares from the 6,634 target MSUs will depend on future VWAP calculations and meeting the minimum payout threshold.
Insider Transaction Report
Form 4
WEX Inc.WEX
Carriedo Carlos
COO, Amer. Payments & Mobility
Transactions
- Exercise/Conversion
Common Stock
2026-03-17+1,771→ 12,720 total - Tax Payment
Common Stock
[F1]2026-03-17$156.79/sh−786$123,237→ 11,934 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-03-17−1,771→ 3,544 totalExercise: $0.00→ Common Stock (1,771 underlying) - Award
Restricted Stock Units
[F3]2026-03-16+6,634→ 6,634 totalExercise: $0.00→ Common Stock (6,634 underlying) - Award
Market Share Units
[F4][F5][F6]2026-03-16+4,975→ 4,975 total→ Common Stock (4,975 underlying)
Footnotes (6)
- [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]RSUs vested on March 17, 2026 and each RSU converted into one share of common stock.
- [F3]One-third of RSUs vest each year on the first, second and third anniversaries of the date of grant.
- [F4]Each Market Share Unit ("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%.
- [F5]Represents the target number of shares underlying the MSU award granted on March 16, 2026.
- [F6]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/ Andy Schwarcz as Attorney-in-Fact for Carlos Carriedo|2026-03-18