Form 4: WEX Inc. Director Nancy A. Altobello Reports Stock Transactions

Director Nancy A. Altobello reports the vesting and conversion of restricted stock units into common stock, as well as the grant of additional restricted stock units.

Summary

• On May 11, 2024, Nancy A. Altobello, a director of WEX Inc., had 1,147 Restricted Stock Units (RSUs) vest and convert into common stock.
• These RSUs were granted under the Amended and Restated WEX Inc. 2019 Equity and Incentive Plan.
• The RSUs were credited under the WEX Inc. Non-Employee Deferred Compensation Plan and will be transferred as common stock 200 days after termination of board service.
• Altobello also acquired 960 Restricted Stock Units on May 9, 2024, which will vest on May 9, 2025.
• Following these transactions, Altobello directly owns 3,427 shares of WEX Inc. common stock and 960 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The reporting person will receive common stock 200 days following the termination of their board service, as per the WEX Inc. Non-Employee Deferred Compensation Plan.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common practice for publicly traded companies. It provides transparency into the holdings and transactions of key personnel.

Stakeholder Impact

• Shareholders are informed about the stock transactions of a key company director, providing transparency into insider activity.

Key Dates