Form 4: WEX Inc. Director Stephen Montgomery Smith Reports Stock Transaction
SEC Form 4 Filing
Director Stephen Montgomery Smith reports the vesting and conversion of restricted stock units into common stock of WEX Inc.
Summary
- On May 9, 2025, Stephen Montgomery Smith, a director of WEX Inc., had 960 restricted stock units (RSUs) vest and convert into 960 shares of common stock.
- The transaction was reported on a Form 4 filing with the SEC.
- Following the transaction, Smith directly owns 6,971 shares of WEX Inc. common stock.
- An updated power of attorney was filed, authorizing Sara T.W. Trickett, Andrew Schwarcz, and Matthew Finkelstein to act on Smith's behalf for SEC filings related to WEX Inc. securities.
Sentiment
Score: 5
Explanation: This is a neutral report of a standard transaction. It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents a small change in the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 2025-05-06 | Date of Power of Attorney execution |
| 2025-05-09 | Date of RSU vesting and conversion to common stock |
| 2025-05-13 | Date of Form 4 filing |
Keywords
Form 4, WEX Inc., Stephen Montgomery Smith, Director, Restricted Stock Units, RSUs, Beneficial Ownership, SEC Filing, Power of Attorney, Stock Transaction
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