WEX Management

Management criteria checks 3/4

WEX's CEO is Melissa Smith, appointed in Apr 2013, has a tenure of 11.08 years. total yearly compensation is $11.65M, comprised of 7.5% salary and 92.5% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth €24.62M. The average tenure of the management team and the board of directors is 4.7 years and 5.2 years respectively.

Key information

Melissa Smith

Chief executive officer

US$11.7m

Total compensation

CEO salary percentage	7.5%
CEO tenure	11.1yrs
CEO ownership	0.3%
Management average tenure	4.7yrs
Board average tenure	5.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Melissa Smith's remuneration changed compared to WEX's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$264m
Dec 31 2023	US$12m	US$875k	US$267m
Sep 30 2023	n/a	n/a	US$270m
Jun 30 2023	n/a	n/a	US$242m
Mar 31 2023	n/a	n/a	US$147m
Dec 31 2022	US$10m	US$855k	US$201m
Sep 30 2022	n/a	n/a	US$101m
Jun 30 2022	n/a	n/a	US$193m
Mar 31 2022	n/a	n/a	US$125m
Dec 31 2021	US$10m	US$792k	US$100k
Sep 30 2021	n/a	n/a	-US$222m
Jun 30 2021	n/a	n/a	-US$336m
Mar 31 2021	n/a	n/a	-US$230m
Dec 31 2020	US$20m	US$726k	-US$244m
Sep 30 2020	n/a	n/a	US$45m
Jun 30 2020	n/a	n/a	US$125m
Mar 31 2020	n/a	n/a	US$67m
Dec 31 2019	US$6m	US$763k	US$99m
Sep 30 2019	n/a	n/a	US$66m
Jun 30 2019	n/a	n/a	US$108m
Mar 31 2019	n/a	n/a	US$132m
Dec 31 2018	US$6m	US$730k	US$168m
Sep 30 2018	n/a	n/a	US$227m
Jun 30 2018	n/a	n/a	US$204m
Mar 31 2018	n/a	n/a	US$183m
Dec 31 2017	US$11m	US$700k	US$160m

Compensation vs Market: Melissa's total compensation ($USD11.65M) is above average for companies of similar size in the German market ($USD3.34M).

Compensation vs Earnings: Melissa's compensation has been consistent with company performance over the past year.

CEO

Melissa Smith (54 yo)

11.1yrs

Tenure

US$11,650,671

Compensation

Ms. Melissa D. Smith has been Chairman of the Board from September 12, 2019 at WEX Inc. She began with WEX in 1997 as a senior financial analyst for the financial technology service provider. She has been...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Melissa Smith	Chairman of the Board	11.1yrs	US$11.65m	0.30% $ 24.6m
Jagtar Narula	Chief Financial Officer	2yrs	US$3.57m	0.013% $ 1.1m
Sachin Dhawan	Chief Technology Officer	less than a year	US$3.46m	no data
Joel Dearborn	Chief Strategy Officer	6.4yrs	US$3.35m	0.048% $ 3.9m
Robert Deshaies	Chief Operating Officer of Americas	4.7yrs	US$4.35m	0.027% $ 2.2m
Jennifer Kimball	Chief Accounting Officer	3.8yrs	US$1.63m	0.0074% $ 606.9k
Steven Elder	Senior Vice President of Global Investor Relations	no data	US$650.34k	no data
Hilary Rapkin	Chief Legal Officer & Secretary	26.1yrs	US$855.48k	0.035% $ 2.8m
Ann Drew	Chief Risk & Compliance Officer	3.4yrs	no data	0.016% $ 1.3m
Melanie Tinto	Chief Human Resources Officer	6.3yrs	US$2.08m	0.024% $ 2.0m
Marcelo Velloso	Managing Director of Latin America	4.8yrs	no data	no data
Carlos Carriedo	Chief Operating Officer - International	2.3yrs	no data	0.0033% $ 266.7k

4.7yrs

Average Tenure

52yo

Average Age

Experienced Management: WL9's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Melissa Smith	Chairman of the Board	10.3yrs	US$11.65m	0.30% $ 24.6m
James Neary	Independent Director	7.8yrs	US$305.03k	0.015% $ 1.2m
Jack VanWoerkom	Vice Chair & Lead Independent Director	19.3yrs	US$330.47k	0.0041% $ 334.5k
Shikhar Ghosh	Independent Director	19.3yrs	US$292.28k	0.013% $ 1.1m
James Groch	Independent Director	4yrs	US$285.03k	0.016% $ 1.3m
Regina Sommer	Independent Director	19.3yrs	US$295.90k	0.021% $ 1.7m
Nancy Altobello	Independent Director	2.9yrs	US$295.84k	0% $ 0
Daniel Callahan	Independent Director	5yrs	US$306.84k	0.0025% $ 201.2k
Susan Sobbott	Independent Director	5.4yrs	US$285.03k	0.010% $ 821.2k
Stephen Smith	Independent Director	4.7yrs	US$300.96k	0.012% $ 949.6k
Derrick Roman	Independent Director	2.9yrs	US$304.15k	0.0036% $ 294.5k
Aimee Cardwell	Independent Director	less than a year	US$5.77k	no data

5.2yrs

Average Tenure

60yo

Average Age

Experienced Board: WL9's board of directors are considered experienced (5.2 years average tenure).

WEX Management

Management criteria checks 3/4

Key information

Recent management updates

Chief Legal Officer & Secretary recently sold €864k worth of stock

WEX Inc. Names Sachin Dhawan New Chief Technology Officer

WEX Inc. Announces Appointment of Aimee Cardwell to its Board of Directors

Chief Accounting Officer recently sold €83k worth of stock

Chief Operating Officer of Americas recently sold €167k worth of stock

Independent Director recently sold €226k worth of stock

Recent updates

WEX Inc. Revises Earnings Guidance for the Full Year 2024

First quarter 2024 earnings released: EPS: US$1.57 (vs US$1.58 in 1Q 2023)

WEX Streamlines Commercial EV Adoption with General Availability of At-Home and En Route Charging Products

WEX Inc. to Report Q1, 2024 Results on Apr 25, 2024

Chief Legal Officer & Secretary recently sold €864k worth of stock

Full year 2023 earnings released: EPS: US$6.23 (vs US$4.54 in FY 2022)

WEX Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024

WEX Inc. to Report Q4, 2023 Results on Feb 08, 2024

WEX Inc. Names Sachin Dhawan New Chief Technology Officer

WEX Inc. Announces Appointment of Aimee Cardwell to its Board of Directors

WEX Inc. (NYSE:WEX) completed the acquisition of Payzer Holdings, Inc.

WEX Inc. (NYSE:WEX) completed the acquisition of Payzer Holdings, Inc.

WEX Inc. Revises Earnings Guidance for the Year 2023

WEX Inc. (NYSE:WEX) entered into a definitive agreement to acquire Payzer Holdings, Inc for approximately $261 million.

New minor risk - Insider selling

WEX Inc. to Report Q3, 2023 Results on Oct 26, 2023

Second quarter 2023 earnings released: EPS: US$2.22 (vs US$0.76 in 2Q 2022)

WEX Inc. to Report Q2, 2023 Results on Jul 27, 2023

Chief Accounting Officer recently sold €83k worth of stock

Chief Operating Officer of Americas recently sold €167k worth of stock

First quarter 2023 earnings released: EPS: US$1.58 (vs US$2.73 in 1Q 2022)

Independent Director recently sold €226k worth of stock

Senior VP & Chief Technology Officer recently sold €734k worth of stock

Full year 2022 earnings released: EPS: US$4.54 (vs US$0.003 in FY 2021)

WEX Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2023

WEX Inc. to Report Q4, 2022 Results on Feb 09, 2023

Now 20% undervalued

Impactive Capital LP Engages in Discussions with WEX Inc

WEX Inc. Launches Driver App in Australia to Help SMBs Save Money on Fuel

Chief Operating Officer of Americas recently sold €165k worth of stock

Third quarter 2022 earnings released: US$1.00 loss per share (vs US$1.08 profit in 3Q 2021)

WEX Inc. Raises Earnings Guidance for the Full Year of 2022

WEX Inc. to Report Q3, 2022 Results on Oct 27, 2022

Wex Inc. Announces Tpublic Launch of Flume

WEX Inc. Announces Resignation of Bhavana Bartholf, Member of Class I of Board of Directors

Independent Director recently bought €74k worth of stock

Chief Human Resources Officer recently sold €126k worth of stock

WEX Inc. (NYSE:WEX) announces an Equity Buyback for $150 million worth of its shares.

Chief Operating Officer of Americas recently sold €200k worth of stock

WEX Inc. Appoints Jay Dearborn Chief Strategy Officer

Second quarter 2022 earnings released: EPS: US$0.76 (vs US$0.76 loss in 2Q 2021)

WEX Inc. (NYSE:WEX) agreed to acquire business card portfolio of Exxon Mobil from Exxon Mobil Corporation (NYSE:XOM).

Wex Inc. Provides Earnings Guidance for the Third Quarter 2022

WEX Inc. to Report Q2, 2022 Results on Jul 28, 2022

Chief Accounting Officer recently sold €274k worth of stock

First quarter 2022 earnings released: EPS: US$2.73 (vs US$0.058 loss in 1Q 2021)

High number of new directors

Wex Inc. Announces CFO Changes

WEX Inc. to Report Q1, 2022 Results on Apr 28, 2022

Chief Human Resources Officer recently sold €188k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

WEX Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2022

WEX Inc. to Report Q4, 2021 Results on Feb 10, 2022

WEX Inc. Increases Its Fourth Quarter and Full Year Guidance 2021

Third quarter 2021 earnings released: EPS US$1.08 (vs US$1.49 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.76 loss per share (vs US$1.67 profit in 2Q 2020)

Independent Director John Bachman has left the company

Independent Director recently bought €494k worth of stock

WEX Inc. (NYSE:WEX) completed the acquisition of Benefit Express Services, LLC.

RoadSync to Include WEX’S EFS and Fleet One Payment Solutions

WEX Teams up With Ford for New Commercial Fleet Referral Arrangement

WEX Expands Presence in Europe with OMV Win

Wex Inc. Withdraw its Full Fiscal Year 2020

Full year 2020 earnings released: US$5.56 loss per share (vs US$2.29 profit in FY 2019)

Revenue beats expectations

WEX Inc. (NYSE:WEX) agreed to acquire Certain HSA Assets of HealthcareBank for $250 million.

New 90-day high: €176

WEX Inc. to Report Q4, 2020 Results on Feb 24, 2021

WEX Works with MYOB to Increase Ease of B2B Payments for Australia