Form 4: WEX Inc. Director Jack VanWoerkom Reports Stock Transactions
SEC Form 4 Filing
Director Jack VanWoerkom reports acquisition and disposal of WEX Inc. common stock and restricted stock units.
Summary
- On May 11, 2024, Jack VanWoerkom, a director of WEX Inc., reported the vesting and conversion of 1,147 Restricted Stock Units (RSUs) into common stock.
- These RSUs vested on May 11, 2024, and each RSU converted into one share of common stock.
- Additionally, on May 9, 2024, VanWoerkom acquired 960 Restricted Stock Units (RSUs) which will vest in total on May 9, 2025.
- Following these transactions, VanWoerkom directly owns 960 RSUs and 9,466 shares of WEX Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Acquisition of 960 Restricted Stock Units (RSUs) that will vest on May 9, 2025. |
| 05/11/2024 | Vesting and conversion of 1,147 Restricted Stock Units (RSUs) into common stock. |
| 05/13/2024 | Date of signature for the Form 4 filing. |
| 05/09/2025 | Vesting date for the 960 Restricted Stock Units (RSUs) acquired on May 9, 2024. |
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