Form 4: WEX Inc. Director James R. Groch Reports Stock Unit Vesting
SEC Form 4 Filing
Director James R. Groch reports vesting of restricted stock units into common stock of WEX Inc.
Summary
- On May 9, 2025, James R. Groch, a director of WEX Inc., had 960 Restricted Stock Units (RSUs) vest.
- These RSUs converted into 960 shares of WEX Inc. common stock.
- Following the transaction, Groch directly owns 14,199 shares of WEX Inc. common stock.
- The RSUs were granted under the Amended and Restated WEX Inc. 2019 Equity and Incentive Plan.
- The common stock will be transferred to Groch 200 days after he ceases to be a board member.
Sentiment
Score: 5
Explanation: This is a neutral event, simply reporting the vesting of previously granted stock units. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The common stock from the vested RSUs will be transferred to the reporting person 200 days following the date upon which the holder's services as a member of the Board of Directors terminate for any reason.
Industry Context
This is a routine disclosure related to executive compensation and equity awards, common in publicly traded companies.
Stakeholder Impact
- The vesting of RSUs may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/09/2025 | Restricted Stock Units vested and converted into common stock. |
| 05/13/2025 | Date of Form 4 filing. |
Keywords
WEX Inc., James R. Groch, Director, Restricted Stock Units, RSUs, Common Stock, Vesting, Form 4, SEC
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.