Form 4: WEX Inc. Director James Groch Reports Acquisition of Common Stock

Director James Groch acquired 89 shares of WEX Inc. common stock through restricted stock units.

Summary

• On April 4, 2024, James Groch, a director of WEX Inc., acquired 89 shares of common stock.
• The acquisition was made through restricted stock units granted under the Amended and Restated WEX Inc. 2019 Equity and Incentive Plan.
• These restricted stock units were received in lieu of the annual cash retainer and 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, Groch beneficially owns 11,515 shares of WEX Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding a director's stock acquisition, indicating a neutral sentiment.

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

This filing is a routine disclosure of a director's stock acquisition, which is common for publicly traded companies. It reflects part of the director's compensation package and aligns their interests with those of the shareholders.

Stakeholder Impact

• The acquisition of shares by a director can be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates