0001309108-21-000028.txt : 20210302
0001309108-21-000028.hdr.sgml : 20210302
20210302173300
ACCESSION NUMBER: 0001309108-21-000028
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210226
FILED AS OF DATE: 20210302
DATE AS OF CHANGE: 20210302
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Phillips Scott Robert
CENTRAL INDEX KEY: 0001703759
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32426
FILM NUMBER: 21705438
MAIL ADDRESS:
STREET 1: C/O WEX INC.
STREET 2: 97 DARLING AVENUE
CITY: SOUTH PORTLAND
STATE: ME
ZIP: 04106
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: WEX Inc.
CENTRAL INDEX KEY: 0001309108
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
IRS NUMBER: 010526993
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 97 DARLING AVENUE
CITY: SOUTH PORTLAND
STATE: ME
ZIP: 04106
BUSINESS PHONE: (207) 773-8171
MAIL ADDRESS:
STREET 1: 97 DARLING AVENUE
CITY: SOUTH PORTLAND
STATE: ME
ZIP: 04106
FORMER COMPANY:
FORMER CONFORMED NAME: Wright Express CORP
DATE OF NAME CHANGE: 20041118
4
1
wf-form4_161472436481328.xml
FORM 4
X0306
4
2021-02-26
0
0001309108
WEX Inc.
WEX
0001703759
Phillips Scott Robert
C/O WEX INC.
97 DARLING AVENUE
SOUTH PORTLAND
ME
04106
0
1
0
0
President, Global Fleet
Common Stock
2021-02-26
4
M
0
52281
99.69
A
70988
D
Common Stock
2021-02-26
4
M
0
5621
104.95
A
76609
D
Common Stock
2021-02-26
4
S
0
76609
209.53
D
0
D
Stock Option (right to buy)
99.69
2021-02-26
4
M
0
52281
0
D
2027-05-10
Common Stock
52281.0
0
D
Stock Option (right to buy)
104.95
2021-02-26
4
M
0
5621
0
D
Common Stock
5621.0
0
D
Restricted Stock Unit
0.0
2021-03-01
4
A
0
9478
0
A
Common Stock
9478.0
9478
D
The price listed is a weighted average price for all shares sold. All shares were sold for between $205.00 and $217.03. Upon request, the reporting person will provide the Securities and Exchange Commission, WEX Inc. or any security holder of WEX Inc. with full information regarding the number of shares sold at each separate purchase price.
Half of the performance based non-statutory stock options ("Performance-Based NSOs"), reported on the Reporting Person's Form 4 dated May 12, 2017 (the "Original Form 4"), vested on June 26, 2020 when the Company's closing stock price was at least $149.54 for twenty consecutive trading days. Another quarter of the Performance-Based NSOs vested on December 29, 2020 when the Company's closing stock price was at least $174.45 for twenty consecutive trading days. There are 17,427 Performance-Based NSOSs from the Original Form 4 that have not yet vested. Please reference the Original Form 4 for further information regarding the vesting of the Performance-Based NSOs.
This stock option vested with respect to one-third of these shares on each of 3/20/2018, 3/20/2019 and 3/20/2020.
This award was granted as a performance stock unit. The Compensation Committee of the Company's Board of Directors certified that the performance criteria established in connection with this grant had been met as of March 1, 2021. As a result of achieving the performance criteria the award converted from a PSU to an RSU and the reporting person's right to these units was established.
Restricted stock units will vest with respect to all of the underlying shares on March 15, 2021.
/s/ Gregory Wiessner, as attorney-in-fact for Scott Phillips
2021-03-02