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

Director James Groch acquired 167 shares of WEX Inc. common stock in the form of restricted stock units, increasing his total holdings to 13,239 shares.

Summary

• On April 8, 2025, James Groch, a director of WEX Inc., acquired 167 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted under the Amended and Restated WEX Inc. 2019 Equity and Incentive Plan in lieu of the annual cash retainer and were 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 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.
• Following this transaction, Groch's total beneficial ownership of WEX Inc. common stock is 13,239 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a standard transaction of a director receiving stock-based compensation, which is neither overtly positive nor negative.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.

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

Directors receiving stock-based compensation is a common practice to align their interests with those of shareholders.

Stakeholder Impact

• The acquisition of restricted stock units by a director can positively influence shareholder sentiment.

Key Dates

Keywords

WEX Inc., James Groch, Director, Restricted Stock Units, Beneficial Ownership, Form 4, Equity and Incentive Plan, Non-Employee Deferred Compensation Plan