Form 4: WEX Inc. CFO Jagtar Narula Sells 508 Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Jagtar Narula, CFO of WEX Inc., sold 508 shares of common stock on September 13, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On September 13, 2024, Jagtar Narula, the Chief Financial Officer of WEX Inc., sold 508 shares of WEX common stock.
- The sale was executed at a price of $200 per share.
- The transaction was conducted under a pre-existing Rule 10b5-1 trading plan adopted on November 14, 2023.
- Following the transaction, Narula directly owns 7,120 shares of WEX Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider stock sale under a pre-arranged trading plan, suggesting a neutral sentiment.
Industry Context
Sales by insiders are a normal part of corporate activity. Rule 10b5-1 plans are often used to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by shareholders, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2023-11-14 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-09-13 | Date of stock sale transaction |
| 2024-09-17 | Date of Form 4 filing |
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