Melissa D. Smith is the Chief Executive Officer of WEX Inc., a global leader in payment solutions. She took on the CEO role on January 1, 2014, after serving as President since April 2013. Melissa has a strong background in...

Melissa D. Smith is the Chief Executive Officer of WEX Inc., a global leader in payment solutions. She took on the CEO role on January 1, 2014, after serving as President since April 2013. Melissa has a strong background in finance, which has been essential for the company's growth and innovation in the payments industry. Before becoming CEO, she was the Chief Financial Officer and played a key role in shaping WEX's financial strategies. With over 20 years at WEX, she has held various positions, including President of the Americas and Senior Vice President of Finance. Under her leadership, WEX has seen significant achievements, including a dramatic increase in her compensation from $285,192 in 2015 to over $10 million in 2022. Melissa has actively participated in insider trading activities, with her holdings fluctuating in value, underscoring her commitment to the company's success. Her approach to leadership emphasizes performance and aligning executive pay with results, something that resonates with the company's growth trajectory and innovation in the finance sector. Her long tenure at WEX reflects not just loyalty but a wealth of industry knowledge, making her a prominent figure in corporate finance.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other WEX CEOs

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Melissa D. Smith

Ex-CEO of WEX

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Technology

Born

January 1, 1970 - 55 years ago

CEO of WEX for

8 years 3 months (Jan 2014 - Apr 2022)

Previous Experience

Various positions within WEX Inc., including President, North America and Chief Financial Officer

Rivals

Competitors/colleagues of Melissa D. Smith

G

Cameron M. Bready

CEO of Global Payments

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$1.41M

Other

$185.70K

Total Holdings

$36.26M

Holdings

See how much did Melissa D. Smith make over time.

Melissa D. Smith's holdings in WEX Inc. showcase a dynamic trajectory in value. In 2019, her holdings peaked around $12 million and fluctuated throughout 2020, with a notable drop to $7.04 million in March 2020, reflecting a responsive approach to...

Melissa D. Smith's holdings in WEX Inc. showcase a dynamic trajectory in value. In 2019, her holdings peaked around $12 million and fluctuated throughout 2020, with a notable drop to $7.04 million in March 2020, reflecting a responsive approach to market conditions. However, by 2021, her holdings rebounded significantly, reaching over $20 million by March. By 2022, they consistently hovered between $12 million and $15 million, indicating stability in her investment strategy. As of 2023, particularly in July, her investments soared to an impressive $21.15 million, showcasing confidence in WEX's continued growth. This back-and-forth reflects not only her personal wealth strategy but aligns with the company’s growth and evolving market conditions.

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Total Stock Sold

$61.66M

WEX

$61.66M

302,323 WEX shares

What if they kept their stock?

If Melissa D. Smith didn't sell their stock, today they would have:
Extra WEX302,323 shares worth $46.20M.
This is -25.07% and $15.46M less than what they got when they sold the stock.

Charitable Transactions

WEX

27,485 shares

WEX

Recent Charitable Transactions

WEX

1,126 shares

WEX

Mar 1, 2024

Charity

WEX

1,250 shares

WEX

Mar 2, 2023

Charity

WEX

19,531 shares

WEX

Dec 31, 2022

Charity

WEX

5,078 shares

WEX

Jun 24, 2022

Charity

WEX

500 shares

WEX

Aug 8, 2018

Charity

Insider Trading

See recent insider trades of Melissa D. Smith.

WEX

1,126 shares

WEX

Mar 1, 2024

Charity

WEX

$2.89M

WEX at $222.33/share

Feb 16, 2024

Sale

WEX

$8.43M

WEX at $205.00/share

Jan 22, 2024

Sale

WEX

$8.02M

WEX at $195.00/share

Jul 13, 2023

Sale

WEX

14,051 shares

WEX

Jun 26, 2023

Received

WEX

1,250 shares

WEX

Mar 2, 2023

Charity

WEX

19,531 shares

WEX

Dec 31, 2022

Charity

WEX

5,078 shares

WEX

Jun 24, 2022

Charity

WEX

$10.02M

WEX at $230.00/share

Apr 15, 2021

Sale

WEX

$9.58M

WEX at $220.00/share

Apr 7, 2021

Sale

Compensation History

See how much did Melissa D. Smith make over time.

In 2022, Melissa D. Smith's total compensation reached an impressive $10,182,949. This figure includes her base salary of $854,808 and a significant portion of vested stock worth $19,446,628 from performance-based awards. Interestingly, in 2021, her total compensation was considerably lower at $961,291, demonstrating a direct correlation to the company's performance and her contributions. The compensation structure at WEX is uniquely designed to tie executive salaries to the company's financial metrics, ensuring that her pay aligns with the success she drives. Her compensation philosophy reinforces the connection between executive performance and shareholder outcomes, reflecting the competitive market for executive talent in the finance sector.

Year

2022

Total Compensation

$20.44M

Salary

$854.81K

Board Justification

The compensation philosophy is designed to align executive pay with performance outcomes, including financial results and stockholder value.

Bonus

$0.00

Board Justification

No bonus was reported for 2022 as part of the summary compensation table.

Other

$140.55K

Board Justification

Includes 401(k) match and other compensation such as wellness reimbursements.

Restricted Stock

$19.45M(118.83K PRSUs)

Board Justification

The vested stock includes performance restricted stock units (PRSUs) that were earned based on performance metrics and vested in 2022.

Performance Metrics

Adjusted Revenue and Adjusted Operating Income.

Other WEX CEOs

Here are other CEOs of WEX

Michael Dubyak

Ex-CEO of WEX

January 2007 - January 2014

Jagtar Narula

CEO of WEX

April 2022 - Present