Form 4: WEX COO Carlos Carriedo Reports Routine RSU Vesting and Share Transactions

WEX Inc.'s Chief Operating Officer of American Payments & Mobility, Carlos Carriedo, reported the vesting of 390 Restricted Stock Units and the subsequent disposition of 184 shares for tax withholding purposes on June 17, 2025.

Summary

• Carlos Carriedo, the Chief Operating Officer of American Payments & Mobility at WEX Inc., filed a Form 4 detailing recent equity transactions.
• On June 17, 2025, 390 Restricted Stock Units (RSUs) held by Mr. Carriedo vested, resulting in the acquisition of 390 shares of WEX common stock at a price of $0.
• Concurrently, 184 shares of WEX common stock were disposed of at a price of $143.39 per share to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, Mr. Carriedo directly beneficially owns 6,145 shares of WEX common stock.
• He also continues to hold 782 unvested Restricted Stock Units.

Sentiment

Score: 5

Explanation: The filing reports a routine equity compensation event (RSU vesting and tax withholding) for an executive, which is neutral in terms of company performance or outlook and is a standard part of executive compensation.

Positives

• Vesting of 390 Restricted Stock Units (RSUs) for Carlos Carriedo, converting into common stock, indicates the fulfillment of equity compensation and aligns executive interests with shareholder value.

Negatives

• Disposition of 184 shares of common stock at $143.39 per share was necessary to cover tax withholding obligations, which is a standard procedure for RSU vesting.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transaction represents a routine equity compensation event for an executive, which is generally expected and has minimal direct impact on the broader shareholder base beyond the standard dilution from equity awards.

Next Steps

• Future vesting of remaining Restricted Stock Units will occur on their respective anniversaries of the grant date, with one-third vesting each year for three years.

Key Dates

Keywords

WEX, Form 4, insider transaction, RSU vesting, executive compensation, Carlos Carriedo, stock transaction, equity award