Form 4: WEX Inc. Director Susan Sobbott Reports Stock Transactions

Director Susan Sobbott reports acquisition and disposal of WEX Inc. stock and restricted stock units.

Summary

• On May 11, 2024, Susan Sobbott, a director of WEX Inc., had 1,147 Restricted Stock Units (RSUs) vest, which were then converted into common stock.
• These shares are held under the WEX Inc. Non-Employee Deferred Compensation Plan and will be transferred to Sobbott 200 days after her service as a board member ends.
• Sobbott also acquired 960 Restricted Stock Units on May 9, 2024, which will vest on May 9, 2025, and will be paid as common stock 200 days after her board service ends.
• Following these transactions, Sobbott directly owns 5,354 shares of WEX Inc. common stock and 960 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This Form 4 filing is a routine disclosure of stock transactions by a company director and does not inherently indicate positive or negative sentiment. It's a neutral reporting event.

Future Outlook

The reporting person will receive common stock 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 standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. These filings are common and provide transparency into the trading activities of company directors and officers.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine compensation-related stock activity by a director.

Key Dates