Form 4: WEX Inc. Executive Joel A. Dearborn JR Reports Stock Transactions
SEC Form 4 Filing
Joel A. Dearborn JR, COO, International of WEX Inc., reports acquisition and disposal of common stock and derivative securities on March 15 and 17, 2025, according to a Form 4 filing.
Summary
- On March 15, 2025, Joel A. Dearborn JR, COO, International of WEX Inc., engaged in multiple transactions involving WEX Inc. common stock and derivative securities.
- These transactions included the vesting of Restricted Stock Units (RSUs) and Market Share Units (MSUs), and the subsequent conversion of these units into common stock.
- Tax withholding obligations related to the vesting of RSUs and MSUs resulted in the disposal of some common stock.
- On March 17, 2025, Dearborn acquired 2,531 Restricted Stock Units and 2,531 Market Share Units.
- Following these transactions, Dearborn directly owns 27,318 shares of WEX Inc. common stock, 2,531 Restricted Stock Units, and 2,531 Market Share Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership of company stock. This allows investors to monitor management's alignment with shareholder interests.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
- The vesting of RSUs and MSUs is part of the executive compensation plan, impacting employee benefits.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of grant for the first tranche of the MSU award. |
| 03/15/2025 | Date of multiple transactions including vesting of RSUs and MSUs, and disposal of shares for tax withholding. |
| 03/17/2025 | Date of acquisition of 2,531 Restricted Stock Units and 2,531 Market Share Units. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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