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Filing Details

Accession Number:: 0001309108-21-000027
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-02 17:32:34
Reporting Period:: 2021-02-26

Accepted Time:: 2021-03-02 17:32:34
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
1620028	Roberto Simon	C/O Wex Inc. 97 Darling Avenue South Portland ME 04106	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2021-02-26	7,869	$104.95	18,747	No	4	M	Direct
Common Stock	Acquisiton	2021-02-26	10,000	$99.69	28,747	No	4	M	Direct
Common Stock	Disposition	2021-02-26	17,869	$210.56	10,878	No	4	S	Direct
Common Stock	Acquisiton	2021-03-01	11,784	$99.69	22,662	No	4	M	Direct
Common Stock	Disposition	2021-03-01	11,784	$214.00	10,878	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (right to buy)	Disposition	2021-02-26	7,869	$0.00	7,869	$104.95
Common Stock	Stock Option (right to buy)	Disposition	2021-02-26	10,000	$0.00	10,000	$99.69
Common Stock	Stock Option (right to buy)	Disposition	2021-03-01	11,784	$0.00	11,784	$99.69
Common Stock	Restricted Stock Units	Acquisiton	2021-03-01	9,478	$0.00	0	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2027-03-20	No	4	M	Direct
11,784	2027-05-10	No	4	M	Direct
0	2027-05-10	No	4	M	Direct
9,478		No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	102	Indirect	401(k)

Footnotes

The price listed is a weighted average price for all shares sold. All shares were sold for between $210.00 and $211.00. 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.
Between December 17, 2020 and March 2, 2021 the reporting person acquired 3 shares of WEX Inc. common stock under the WEX Inc. 401(k) savings plan. The information in this report is based on a statement dated March 1, 2021.
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.
As noted on the Reporting Person's Form 4 dated August 6, 2020, 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 stockprice was at least $174.45 for twenty consecutive trading days. There are 21,784 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 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.