Form 4: WEX Inc. Director Don Callahan Reports Acquisition of Restricted Stock Units

Director Don Callahan reports acquisition of 148 restricted stock units of WEX Inc. common stock in lieu of annual cash retainer.

Summary

• On July 3, 2024, Don Callahan, a director of WEX Inc., acquired 148 shares of common stock represented by restricted stock units.
• These restricted stock units were granted in lieu of the annual cash retainer under the Amended and Restated WEX Inc. 2019 Equity and Incentive Plan.
• The acquisition was deferred in accordance with the Company's Non-Employee Deferred Compensation Plan.
• Each restricted stock unit is payable in one share of WEX Inc. common stock 200 days after termination of service as a board member.
• Following the transaction, Callahan beneficially owns 8,418 shares of WEX Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard insider transactions and alignment of interests.

Positives

• The acquisition of restricted stock units aligns the director's interests with the long-term performance of WEX Inc.

Future Outlook

Each restricted stock unit is payable in one share of WEX Inc. common stock 200 days immediately following the date upon which the holder's service as a member of the Board of Directors of WEX Inc. terminates for any reason.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates