WEX Management
Management criteria checks 4/4
WEX's CEO is Melissa Smith, appointed in Apr 2013, has a tenure of 10.25 years. total yearly compensation is $10.18M, comprised of 8.4% salary and 91.6% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth $29.45M. The average tenure of the management team and the board of directors is 4.6 years and 5.1 years respectively.
Key information
Melissa Smith
Chief executive officer
US$10.2m
Total compensation
| CEO salary percentage | 8.4% |
| CEO tenure | 11yrs |
| CEO ownership | 0.3% |
| Management average tenure | 4.6yrs |
| Board average tenure | 5.1yrs |
Recent management updates
Recent updates
Here's Why We Think WEX (NYSE:WEX) Is Well Worth Watching
Mar 24
WEX: Growing, And Growing More Appealing
Jan 29Investors Interested In WEX Inc.'s (NYSE:WEX) Earnings
Dec 25WEX: Continues To Succeed In Key Markets
Nov 07WEX: Good Entry Point For A Quality, Compounding Fleet Manager
Oct 23Here's Why We Think WEX (NYSE:WEX) Is Well Worth Watching
Aug 14WEX Inc: Q2 2023 Earnings Was Good, But More Is Needed
Aug 04We Ran A Stock Scan For Earnings Growth And WEX (NYSE:WEX) Passed With Ease
May 14Is Now The Time To Put WEX (NYSE:WEX) On Your Watchlist?
Feb 12WEX: Still Resistant To Monetary Tightening
Feb 07At US$180, Is It Time To Put WEX Inc. (NYSE:WEX) On Your Watch List?
Jan 24WEX (NYSE:WEX) Has A Pretty Healthy Balance Sheet
Dec 30Is There An Opportunity With WEX Inc.'s (NYSE:WEX) 22% Undervaluation?
Dec 09WEX Inc.: Still An Attractive Secular Growth Story
Nov 10WEX Q3 2022 Earnings Preview
Oct 26Wex gains after investor pitches at 13D Monitor Active-Passive conference
Oct 18Is WEX Inc. (NYSE:WEX) Potentially Undervalued?
Sep 15WEX board authorizes up to $150M share repurchase program
Aug 23Here's Why WEX (NYSE:WEX) Can Manage Its Debt Responsibly
Aug 19WEX Q2 2022 Earnings Preview
Jul 27At US$169, Is WEX Inc. (NYSE:WEX) Worth Looking At Closely?
May 30Are Investors Undervaluing WEX Inc. (NYSE:WEX) By 48%?
May 02WEX: Fintech Compounder At A Reasonable Price
Apr 08Is WEX (NYSE:WEX) Using Too Much Debt?
Mar 07WEX: The Selloff I've Been Waiting For Is Here
Dec 19Is There An Opportunity With WEX Inc.'s (NYSE:WEX) 45% Undervaluation?
Dec 06CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | 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$181m |
| 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$160m |
Compensation vs Market: Melissa's total compensation ($USD10.18M) is about average for companies of similar size in the US market ($USD13.05M).
Compensation vs Earnings: Melissa's compensation has been consistent with company performance over the past year.
CEO
Melissa Smith (54 yo)
11yrs
Tenure
US$10,182,949
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 |
|---|---|---|---|---|
| Chairman of the Board | 11yrs | US$10.18m | 0.30% $ 29.4m | |
| Chief Financial Officer | 1.9yrs | US$5.37m | 0.013% $ 1.3m | |
| Chief Accounting Officer | 3.7yrs | US$1.63m | 0.0075% $ 726.1k | |
| Chief Strategy Officer | 6.3yrs | US$2.77m | 0.048% $ 4.7m | |
| Chief Operating Officer of Americas | 4.6yrs | US$3.76m | 0.027% $ 2.6m | |
| Chief Digital Officer | 2.3yrs | US$4.07m | 0.015% $ 1.5m | |
| Chief Technology Officer | less than a year | no data | no data | |
| Senior Vice President of Global Investor Relations | no data | US$650.34k | no data | |
| Chief Legal Officer & Secretary | 26yrs | US$855.48k | 0.035% $ 3.4m | |
| Chief Risk & Compliance Officer | 3.3yrs | no data | 0.016% $ 1.6m | |
| Chief Human Resources Officer | 6.2yrs | US$2.08m | 0.024% $ 2.3m | |
| Managing Director of Latin America | 4.7yrs | no data | no data |
4.6yrs
Average Tenure
52yo
Average Age
Experienced Management: WEX's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 10.3yrs | US$10.18m | 0.30% $ 29.4m | |
| Independent Director | 7.8yrs | US$260.04k | 0.015% $ 1.4m | |
| Vice Chair & Lead Independent Director | 19.3yrs | US$285.04k | 0.020% $ 1.9m | |
| Independent Director | 19.3yrs | US$260.04k | 0.013% $ 1.3m | |
| Independent Director | 3.9yrs | US$240.04k | 0.017% $ 1.6m | |
| Independent Director | 19.3yrs | US$270.04k | 0.021% $ 2.0m | |
| Independent Director | 2.8yrs | US$240.04k | 0.0055% $ 532.1k | |
| Independent Director | 4.9yrs | US$260.04k | 0.0025% $ 240.7k | |
| Independent Director | 5.3yrs | US$240.04k | 0.010% $ 982.4k | |
| Independent Director | 4.6yrs | US$240.04k | 0.012% $ 1.1m | |
| Independent Director | 2.8yrs | US$240.04k | 0.0066% $ 644.2k | |
| Independent Director | less than a year | no data | no data |
5.1yrs
Average Tenure
61yo
Average Age
Experienced Board: WEX's board of directors are considered experienced (5.1 years average tenure).