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Michael Dubyak is a prominent figure in the finance and payment processing industry, serving as CEO of WEX Inc. from 1998 to 2014. He has a long history with the company, having joined in 1985, and has played crucial roles...

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Michael Dubyak

Ex-CEO of WEX

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Technology

Born

January 1, 1960 - 65 years ago

CEO of WEX for

7 years 0 months (Jan 2007 - Jan 2014)

Previous Experience

Various positions within WEX Inc.

Holdings

See how much did Michael Dubyak make over time.

Michael Dubyak's holdings in WEX have seen significant fluctuations over the years, illustrating his confidence in the company's potential. Throughout 2019 to 2024, his stock values routinely ranged from about $3.57 million to over $7.67 million. In early 2020, his...

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Total Stock Sold

$11.69M

WEX

$11.69M

93,034 WEX shares

What if they kept their stock?

If Michael Dubyak didn't sell their stock, today they would have:
Extra WEX93,034 shares worth $15.32M.
This is 31.08% and $3.63M more than what they got when they sold the stock.

Charitable Transactions

WEX

14,987 shares

WEX

Recent Charitable Transactions

WEX

1,095 shares

WEX

Feb 21, 2020

Charity

WEX

255 shares

WEX

Nov 14, 2019

Charity

WEX

1,608 shares

WEX

May 9, 2019

Charity

WEX

8,395 shares

WEX

Dec 31, 2018

Charity

WEX

560 shares

WEX

Dec 31, 2017

Charity

WEX

196 shares

WEX

Aug 18, 2017

Charity

Insider Trading

See recent insider trades of Michael Dubyak.

WEX

1,095 shares

WEX

Feb 21, 2020

Charity

WEX

255 shares

WEX

Nov 14, 2019

Charity

WEX

$214.12K

WEX at $204.31/share

May 22, 2019

Sale

WEX

$1.58M

WEX at $200.16/share

May 15, 2019

Sale

WEX

1,608 shares

WEX

May 9, 2019

Charity

WEX

$3.00M

WEX at $200.00/share

May 9, 2019

Sale

WEX

8,395 shares

WEX

Dec 31, 2018

Charity

WEX

560 shares

WEX

Dec 31, 2017

Charity

WEX

196 shares

WEX

Aug 18, 2017

Charity

WEX

424 shares

WEX

Mar 3, 2017

Charity

Compensation History

See how much did Michael Dubyak make over time.

In 2013, Michael Dubyak's total compensation came to about $474,522, which reflected a mix of salary, bonuses, and other benefits. His salary was approximately $592,111, and he earned a bonus based on performance metrics, which were contingent upon achieving specific financial goals. The bonus program indicates a strong alignment between his incentives and the company's financial success. Over his tenure, Dubyak's compensation package included stock grants that rewarded long-term performance. Notably, he received RSUs valued at about $1.7 million in 2013, which reflects the company's commitment to motivating its executives based on shared objectives and long-term value for shareholders. This structure is designed to ensure that executives like Dubyak are focused on enhancing WEX's overall performance and shareholder value.

Year

2013

Total Compensation

$1.35M

Salary

$592.11K

Board Justification

WEX's philosophy regarding executive compensation is straightforward: reward our executives for their contribution to the Company's annual and long-term performance by tying a significant portion of their total compensation to key drivers of increased stockholder value.

Bonus

$714.68K

Board Justification

The short-term annual incentive compensation program (STIP) is an annual bonus opportunity for employees at all levels of the organization who generally share the same key goals, contingent upon Committee-approved financial performance goals. In 2013, the Company was required to achieve threshold results for Adjusted Net Income in order for any portion of the STIP to be paid to any employees, including the executive officers.

Other

$46.14K

Board Justification

Includes amounts contributed by each named executive officer on a pre-tax basis to the company's 401(k) plan and Executive Deferred Compensation Plan.

Restricted Stock

$0.00(0 RSU)

Board Justification

The Company provides long-term equity-based incentives through the LTIP. Grants under the LTIP have generally been provided as a mix of PSUs, which vest based on the achievement of performance goals and RSUs, which vest based on the passage of time. The metric used to determine the vesting of PSUs has generally been the achievement of adjusted net income targets and/or revenue targets set by the Committee. PSUs and RSUs generally vest over a three or four year period of employment.

Performance Metrics

The performance measures used in our compensation programs include revenue adjusted for changes in fuel prices, the impact of acquisitions, adjusted net income and other operational and strategic goals.

Other WEX CEOs

Here are other CEOs of WEX