Form 4: WEX Inc. Director Shikhar Ghosh Reports Stock Transactions
SEC Form 4 Filing
Director Shikhar Ghosh reports acquisition and disposal of WEX Inc. common stock and restricted stock units.
Summary
- On May 11, 2024, Shikhar Ghosh, a director of WEX Inc., reported transactions involving the company's stock.
- Ghosh disposed of 1,147 shares of common stock upon the vesting of restricted stock units (RSUs).
- These RSUs converted into common stock at a price of $0 per share.
- Following the reported transactions, Ghosh beneficially owns 48,767 shares of WEX Inc. common stock.
- On May 9, 2024, Ghosh acquired 960 Restricted Stock Units that will vest in total on May 9, 2025.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company director, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Date of earliest transaction; acquisition of 960 Restricted Stock Units |
| 05/09/2025 | Restricted Stock Units will vest in total |
| 05/11/2024 | Date of transaction; vesting of 1,147 Restricted Stock Units and disposal of common stock |
| 05/13/2024 | Date of signature on the Form 4 filing |
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