# EDGAR Filing Document

**Accession Number:** 0001786767
**File Stem:** 0000921895-25-002769
**Filing Date:** 2025-10
**Character Count:** 69049
**Document Hash:** 31d8693fa242aca81b538c6bc5152a2e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000921895-25-002769.hdr.sgml**: 20251020

**ACCESSION NUMBER**: 0000921895-25-002769

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20251020

**DATE AS OF CHANGE**: 20251020

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WEX Inc.
- **CENTRAL INDEX KEY:** 0001309108
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 010526993
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-80578
- **FILM NUMBER:** 251404507

**BUSINESS ADDRESS:**
- **STREET 1:** 1 HANCOCK STREET
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101
- **BUSINESS PHONE:** (207) 773-8171

**MAIL ADDRESS:**
- **STREET 1:** 1 HANCOCK STREET
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Wright Express CORP
- **DATE OF NAME CHANGE:** 20041118
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Impactive Capital LP
- **CENTRAL INDEX KEY:** 0001786767

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 450 WEST 14 STREET
- **STREET 2:** 12TH FLOOR
- **CITY:** NEW YORK CITY
- **STATE:** NY
- **ZIP:** 10014
- **BUSINESS PHONE:** (212) 218-8810

**MAIL ADDRESS:**
- **STREET 1:** 450 WEST 14 STREET
- **STREET 2:** 12TH FLOOR
- **CITY:** NEW YORK CITY
- **STATE:** NY
- **ZIP:** 10014

## Ex-1

Exhibit 1

**<u>Transactions in the Securities of the Issuer in the Last Sixty Days</u>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;<u>Nature of the Transaction</u> | &nbsp;&nbsp; Amount of Securities<br> <u>Purchased/(Sold)</u> | &nbsp;&nbsp;<u>Price ($)</u> | &nbsp;&nbsp; Date of<br> <u>Purchase/Sale</u> |

---

**<u>Ellen R. Alemany</u>**

Purchase of Common Stock 6,000 161.5821 10/03/2025 <br> Disposition of Common Stock<sup>1</sup> (6,000) - 10/14/2025

**<u>Alemany October 2025 GRAT No. 1</u>**

Acquisition of Common Stock<sup>1</sup> 6,000 - 10/14/2025

**<u>Cornick Family Investor, LLC</u>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;2500 | &nbsp;&nbsp;168.0800 | &nbsp;&nbsp;09/19/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;2000 | &nbsp;&nbsp;165.0000 | &nbsp;&nbsp;09/19/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;1500 | &nbsp;&nbsp;160.0000 | &nbsp;&nbsp;09/23/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;238 | &nbsp;&nbsp;157.7000 | &nbsp;&nbsp;09/25/2025 |
| &nbsp;&nbsp;Purchase of Common Stock | &nbsp;&nbsp;762 | &nbsp;&nbsp;158.2600 | &nbsp;&nbsp;09/26/2025 |

---

**<u>James L. Fox</u>**

Purchase of Common Stock 1,000 152.7100 10/13/2025

**<u>Kushagra Saxena</u>**

Purchase of Common Stock 619 160.9780 10/02/2025 <br> Purchase of Common Stock 2 160.4700 10/02/2025 <br> Purchase of Common Stock 0.209 161.0100 10/02/2025

------

<sup>1</sup> Represents a transfer from Ms. Alemany to Alemany Trust.

## Exhibit 99.1

Exhibit 99.1

**<u>GROUP AGREEMENT</u>**

WHEREAS, certain of the undersigned are stockholders, direct or beneficial, of WEX Inc., a Delaware corporation (the "<u>Company</u>"); and

WHEREAS, Impactive Capital Master Fund LP, Impactive Capital LP, Impactive Capital LLC, Impactive Capital GP LLC, Christian Asmar and Lauren Taylor Wolfe (collectively, "<u>Impactive</u>"), Ellen R. Alemany, Kenneth L. Cornick, James L. Fox, and Kushagra Saxena (collectively, the "<u>External Director Candidates</u>"), Alemany October 2025 GRAT No. 1 and Cornick Family Investor, LLC wish to form a group for the purpose of (i) seeking representation on the Board of Directors of the Company (the "<u>Board</u>") at the 2026 annual meeting of stockholders of the Company (including any other meeting of stockholders held in lieu thereof, and any adjournments, postponements, reschedulings or continuations thereof, the "<u>Annual Meeting</u>"), (ii) soliciting proxies for the election of certain persons nominated for election to the Board at the Annual Meeting (including those nominated by or on behalf of Impactive), (iii) taking all other action necessary to achieve the foregoing and (iv) taking any other actions the Group (as defined below) determines to undertake in connection with their respective investment in the Company (collectively, the "<u>Purposes</u>").

NOW, IT IS AGREED, this 20<sup>th</sup> day of October 2025 by the Parties hereto:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended (the "<u>Exchange Act</u>"), each of the undersigned (collectively, the "<u>Group</u>") agrees to the joint filing on behalf of each of them of statements on Schedule 13D, and any amendments thereto, with respect to the securities of the Company. Each member of the Group shall be responsible for the accuracy and completeness of his/her/its own disclosure therein, and is not responsible for the accuracy and completeness of the information concerning the other members, unless such member knows or has reason to know that such information is inaccurate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.So long as this agreement is in effect, each of the undersigned shall provide written notice to Olshan Frome Wolosky LLP ("<u>Olshan</u>"), such notice to be given no later than 24 hours after each such transaction, of (i) any of their purchases or sales of securities of the Company or (ii) any securities of the Company over which they acquire or dispose of beneficial ownership. For purposes of this agreement, the term "beneficial ownership" shall have the meaning of such term set forth in Rule 13d-3 under the Exchange Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.So long as this agreement is in effect, each of the External Director Candidates agrees to provide Impactive advance written notice prior to effecting any purchase, sale, acquisition or disposition of any securities of the Company which he or she has, or would have, direct or indirect beneficial ownership so that Impactive has an opportunity to review the potential implications of any such transaction in the securities of the Company and pre-clear any such potential transaction in the securities of the Company by any of the External Director Candidates. Each of the External Director Candidates agrees that he or she shall not undertake or effect any purchase, sale, acquisition or disposition of any securities of the Company without the prior written consent of Impactive.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.Each of the undersigned agrees to form the Group for the Purposes as set forth above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.Impactive shall have the right to pre-approve all expenses incurred in connection with the Group's activities and agrees to pay directly all such pre-approved expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.Each of the undersigned agrees that any filing with the Securities and Exchange Commission, press release or other communication proposed to be made or issued by the Group or any member of the Group in connection with the Group's activities set forth in Section 4 shall be as directed by Impactive.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.The relationship of the parties hereto shall be limited to carrying on the business of the Group in accordance with the terms of this agreement. Such relationship shall be construed and deemed to be for the sole and limited purpose of carrying on such business as described herein. Nothing herein shall be construed to authorize any party to act as an agent for any other party, or to create a joint venture or partnership, or to constitute an indemnification. Nothing herein shall restrict any party's right to purchase or sell securities of the Company, as he/it deems appropriate, in his, her or its sole discretion, provided that all such sales are made in compliance with all applicable securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.This agreement may be executed in counterparts, each of which shall be deemed an original and all of which, taken together, shall constitute but one and the same instrument, which may be sufficiently evidenced by one counterpart.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.This agreement is governed by and will be construed in accordance with the laws of the State of New York. In the event of any dispute arising out of the provisions of this agreement or their investment in the Company, the parties hereto consent and submit to the exclusive jurisdiction of the Federal and State Courts in the State of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.Any Party hereto may terminate his/her/its obligations under this agreement on 24 hours' written notice to all other Parties, with a copy by fax to Andrew M. Freedman at Olshan, Fax No. (212) 451-2222.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.Each Party acknowledges that Olshan shall act as counsel for both the Group and Impactive relating to their investment in the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.Each of the undersigned Parties hereby agrees that this agreement shall be filed as an exhibit to any Schedule 13D required to be filed under applicable law pursuant to Rule 13d-1(k)(1)(iii) under the Exchange Act.

[Signature page follows]

IN WITNESS WHEREOF, the Parties hereto have caused this agreement to be executed as of the day and year first above written.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**IMPACTIVE CAPITAL MASTER FUND LP** | &nbsp;&nbsp;**IMPACTIVE CAPITAL MASTER FUND LP** | &nbsp;&nbsp;**IMPACTIVE CAPITAL MASTER FUND LP** |
| &nbsp;&nbsp;By: | &nbsp;&nbsp;Impactive Capital GP LLC | &nbsp;&nbsp;Impactive Capital GP LLC |
|  | &nbsp;&nbsp;its General Partner | &nbsp;&nbsp;its General Partner |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Lauren Taylor Wolfe | &nbsp;&nbsp; /s/ Lauren Taylor Wolfe |
|  | &nbsp;&nbsp;Name: | &nbsp;&nbsp;Lauren Taylor Wolfe |
|  | &nbsp;&nbsp;Title: | &nbsp;&nbsp;Managing Member |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**IMPACTIVE CAPITAL LP** | &nbsp;&nbsp;**IMPACTIVE CAPITAL LP** | &nbsp;&nbsp;**IMPACTIVE CAPITAL LP** |
| &nbsp;&nbsp;By: | &nbsp;&nbsp;Impactive Capital LLC | &nbsp;&nbsp;Impactive Capital LLC |
|  | &nbsp;&nbsp;its General Partner | &nbsp;&nbsp;its General Partner |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Lauren Taylor Wolfe | &nbsp;&nbsp; /s/ Lauren Taylor Wolfe |
|  | &nbsp;&nbsp;Name: | &nbsp;&nbsp;Lauren Taylor Wolfe |
|  | &nbsp;&nbsp;Title: | &nbsp;&nbsp;Managing Member |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**IMPACTIVE CAPITAL GP LLC** | &nbsp;&nbsp;**IMPACTIVE CAPITAL GP LLC** | &nbsp;&nbsp;**IMPACTIVE CAPITAL GP LLC** |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Lauren Taylor Wolfe | &nbsp;&nbsp; /s/ Lauren Taylor Wolfe |
|  | &nbsp;&nbsp;Name: | &nbsp;&nbsp;Lauren Taylor Wolfe |
|  | &nbsp;&nbsp;Title: | &nbsp;&nbsp;Managing Member |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**IMPACTIVE CAPITAL LLC** | &nbsp;&nbsp;**IMPACTIVE CAPITAL LLC** | &nbsp;&nbsp;**IMPACTIVE CAPITAL LLC** |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Lauren Taylor Wolfe | &nbsp;&nbsp; /s/ Lauren Taylor Wolfe |
|  | &nbsp;&nbsp;Name: | &nbsp;&nbsp;Lauren Taylor Wolfe |
|  | &nbsp;&nbsp;Title: | &nbsp;&nbsp;Managing Member |

---

---

| |
|:---|
| &nbsp;&nbsp; /s/ Lauren Taylor Wolfe |
| &nbsp;&nbsp;Lauren Taylor Wolfe |

---

---

| |
|:---|
| &nbsp;&nbsp; /s/ Christian Asmar |
| &nbsp;&nbsp;Christian Asmar |

---

---

| |
|:---|
| &nbsp;&nbsp; /s/ Ellen R. Alemany |
| &nbsp;&nbsp;Ellen R. Alemany |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Alemany October 2025 GRAT No. 1** | &nbsp;&nbsp;**Alemany October 2025 GRAT No. 1** | &nbsp;&nbsp;**Alemany October 2025 GRAT No. 1** |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Ellen R. Alemany | &nbsp;&nbsp; /s/ Ellen R. Alemany |
|  | &nbsp;&nbsp;Name: | &nbsp;&nbsp;Ellen R. Alemany |
|  | &nbsp;&nbsp;Title: | &nbsp;&nbsp;Trustee |

---

---

| |
|:---|
| &nbsp;&nbsp; /s/ Kenneth L. Cornick |
| &nbsp;&nbsp;Kenneth L. Cornick |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Cornick Family Investor, LLC** | &nbsp;&nbsp;**Cornick Family Investor, LLC** | &nbsp;&nbsp;**Cornick Family Investor, LLC** |
| &nbsp;&nbsp;By: | &nbsp;&nbsp; /s/ Kenneth L. Cornick | &nbsp;&nbsp; /s/ Kenneth L. Cornick |
|  | &nbsp;&nbsp;Name: | &nbsp;&nbsp;Kenneth L. Cornick |
|  | &nbsp;&nbsp;Title: | &nbsp;&nbsp;Manager |

---

---

| |
|:---|
| &nbsp;&nbsp; /s/ James L. Fox |
| &nbsp;&nbsp;James L. Fox |

---

---

| |
|:---|
| &nbsp;&nbsp; /s/ Kushagra Saxena |
| &nbsp;&nbsp;Kushagra Saxena |

---

## Exhibit 99.2

Exhibit 99.2

**IMPACTIVE CAPITAL MASTER FUND LP**

**c/o IMPACTIVE CAPITAL LP**

**450 W 14th St, 12th Floor**

**New York, New York 10014**

__________, 2025

[Nominee]

[Address]

Dear [Nominee]:

This letter sets forth our mutual agreement with respect to compensation to be paid to you for your agreement to be named and serve as a nominee of Impactive Capital Master Fund and certain of its affiliates (collectively "Impactive"), including Impactive Capital LP, for election as a director of WEX Inc. (the "Company") at the Company's 2026 annual meeting of stockholders including any other meeting of stockholders held in lieu thereof, and any adjournments, postponements, reschedulings or continuations thereof (the "Annual Meeting").

In consideration of your agreement to be named and serve as a nominee of Impactive for election as a director of the Company at the Annual Meeting, the undersigned hereby agrees to pay you (i) $25,000 in cash upon the execution of this letter agreement and (ii) $25,000 in cash upon Impactive submitting a letter to the Company nominating you for election as a director of the Company (with such payment to be made as soon as reasonably practicable after you have been nominated). You hereby agree to use the after-tax proceeds from such compensation, or an equivalent amount of other funds, to acquire securities of the Company (the "Nominee Shares") at such time that you shall determine, but in any event no later than fourteen (14) days after receipt of such compensation; provided, however, in the event you are unable to transact in the securities of the Company due to possession of material non-public information or any other limitation or restriction, you shall have fourteen (14) days from the first date that you can transact in the securities of the Company to acquire such securities; provided, further, that Impactive shall have the right to waive the requirement to purchase Nominee Shares at any time by providing you with prior notice of any such waiver. During the term of this letter agreement, you agree not to sell, transfer or otherwise dispose of any Nominee Shares; provided, however, in the event that the Company enters into a business combination with a third party, you may sell, transfer or exchange the Nominee Shares in accordance with the terms of such business combination.

The term of this letter agreement shall commence on the date hereof and shall remain in effect until the earliest to occur of (i) the Company's appointment or nomination of you for election as a director of the Company, (ii) the date of any agreement with the Company in furtherance of your nomination or appointment as a director of the Company, (iii) Impactive's withdrawal of your nomination for election as a director of the Company, and (iv) the date of the Annual Meeting.

The validity, interpretation, construction and performance of this letter agreement shall be governed by the laws of the State of New York, without regard to its principles of conflict of laws, and by applicable laws of the United States. The parties hereto consent to the jurisdiction of the New York State and United States courts located in New York County, New York for the resolution of any disputes hereunder and agree that venue shall be proper in any such court notwithstanding any principle of forum non conveniens and that service of process on the parties hereto in any proceeding in any such court may be effected in the manner provided herein for the giving of notices. The parties hereto waive trial by jury in respect of any such proceeding.

This letter agreement shall bind and inure to the benefit of you and your heirs, successors and assigns.

This letter agreement may be executed in counterparts, each of which shall be deemed an original, and all of which, taken together, shall constitute one and the same instrument.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**IMPACTIVE CAPITAL MASTER FUND LP** | &nbsp;&nbsp;**IMPACTIVE CAPITAL MASTER FUND LP** | &nbsp;&nbsp;**IMPACTIVE CAPITAL MASTER FUND LP** |
| &nbsp;&nbsp;By: | &nbsp;&nbsp;Impactive Capital GP LLC | &nbsp;&nbsp;Impactive Capital GP LLC |
|  | &nbsp;&nbsp;its General Partner | &nbsp;&nbsp;its General Partner |
| &nbsp;&nbsp;By: |  |  |
|  | &nbsp;&nbsp;Name: | &nbsp;&nbsp;Lauren Taylor Wolfe |
|  | &nbsp;&nbsp;Title: | &nbsp;&nbsp;Managing Member |

---

---

| |
|:---|
| &nbsp;&nbsp;**Accepted and Agreed to:** |
| &nbsp;&nbsp;[NOMINEE] |

---

## Exhibit 99.3

Exhibit 99.3

**<u>POWER OF ATTORNEY</u>**

Know all by these presents, that the undersigned hereby constitutes and appoints Lauren Taylor Wolfe the undersigned's true and lawful attorney-in-fact to take any and all action in connection with (i) the undersigned's beneficial ownership of, or participation in a group with respect to, securities of WEX Inc., a Delaware corporation (the "Company"), directly or indirectly beneficially owned by Impactive Capital Master Fund LP or any of its affiliates or members of its group (as such term is used in Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) (collectively, the "Group") and (ii) any proxy solicitation that may be pursued by the Group to elect the Group's slate of director nominees to the board of directors of the Company at the 2026 annual meeting of stockholders of the Company, including any adjournments or postponements thereof (the "Solicitation"). Such action shall include, but not be limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.if applicable, executing for and on behalf of the undersigned any Schedule 13D, and amendments thereto, filed by the Group that are required to be filed under Section 13(d) of the Exchange Act, and the rules thereunder in connection with the undersigned's beneficial ownership of, or participation in a group with respect to, securities of the Company or the Solicitation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.if applicable, executing for and on behalf of the undersigned all Forms 3, 4 and 5 required to be filed under Section 16(a) of the Exchange Act and the rules thereunder in connection with the undersigned's beneficial ownership of, or participation in a group with respect to, securities of the Company or the Solicitation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.executing for and on behalf of the undersigned all Group Agreements or similar documents pursuant to which the undersigned shall agree to be a member of the Group;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.performing any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete and execute any such document, complete and execute any amendment or amendments thereto, and timely file such form with the United States Securities and Exchange Commission and any stock exchange or similar authority; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.taking any other action of any type whatsoever in connection with the Solicitation, including entering into any settlement agreement, that in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.

The undersigned hereby grants to such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned's responsibilities to comply with Section 13(d), Section 16 or Section 14 of the Exchange Act.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer a member of the Group unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorney-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 20<sup>th</sup> day of October 2025.

---

| |
|:---|
| &nbsp;&nbsp; /s/ Ellen R. Alemany |
| &nbsp;&nbsp;**ELLEN R. ALEMANY** |

---

**<u>POWER OF ATTORNEY</u>**

Know all by these presents, that the undersigned hereby constitutes and appoints Lauren Taylor Wolfe the undersigned's true and lawful attorney-in-fact to take any and all action in connection with (i) the undersigned's beneficial ownership of, or participation in a group with respect to, securities of WEX Inc., a Delaware corporation (the "Company"), directly or indirectly beneficially owned by Impactive Capital Master Fund LP or any of its affiliates or members of its group (as such term is used in Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) (collectively, the "Group") and (ii) any proxy solicitation that may be pursued by the Group to elect the Group's slate of director nominees to the board of directors of the Company at the 2026 annual meeting of stockholders of the Company, including any adjournments or postponements thereof (the "Solicitation"). Such action shall include, but not be limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.if applicable, executing for and on behalf of the undersigned any Schedule 13D, and amendments thereto, filed by the Group that are required to be filed under Section 13(d) of the Exchange Act, and the rules thereunder in connection with the undersigned's beneficial ownership of, or participation in a group with respect to, securities of the Company or the Solicitation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.if applicable, executing for and on behalf of the undersigned all Forms 3, 4 and 5 required to be filed under Section 16(a) of the Exchange Act and the rules thereunder in connection with the undersigned's beneficial ownership of, or participation in a group with respect to, securities of the Company or the Solicitation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.executing for and on behalf of the undersigned all Group Agreements or similar documents pursuant to which the undersigned shall agree to be a member of the Group;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.performing any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete and execute any such document, complete and execute any amendment or amendments thereto, and timely file such form with the United States Securities and Exchange Commission and any stock exchange or similar authority; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.taking any other action of any type whatsoever in connection with the Solicitation, including entering into any settlement agreement, that in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.

The undersigned hereby grants to such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned's responsibilities to comply with Section 13(d), Section 16 or Section 14 of the Exchange Act.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer a member of the Group unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorney-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 20<sup>th</sup> day of October 2025.

---

| |
|:---|
| &nbsp;&nbsp; /s/ Kenneth L. Cornick |
| &nbsp;&nbsp;**KENNETH L. CORNICK** |

---

**<u>POWER OF ATTORNEY</u>**

Know all by these presents, that the undersigned hereby constitutes and appoints Lauren Taylor Wolfe the undersigned's true and lawful attorney-in-fact to take any and all action in connection with (i) the undersigned's beneficial ownership of, or participation in a group with respect to, securities of WEX Inc., a Delaware corporation (the "Company"), directly or indirectly beneficially owned by Impactive Capital Master Fund LP or any of its affiliates or members of its group (as such term is used in Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) (collectively, the "Group") and (ii) any proxy solicitation that may be pursued by the Group to elect the Group's slate of director nominees to the board of directors of the Company at the 2026 annual meeting of stockholders of the Company, including any adjournments or postponements thereof (the "Solicitation"). Such action shall include, but not be limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.if applicable, executing for and on behalf of the undersigned any Schedule 13D, and amendments thereto, filed by the Group that are required to be filed under Section 13(d) of the Exchange Act, and the rules thereunder in connection with the undersigned's beneficial ownership of, or participation in a group with respect to, securities of the Company or the Solicitation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.if applicable, executing for and on behalf of the undersigned all Forms 3, 4 and 5 required to be filed under Section 16(a) of the Exchange Act and the rules thereunder in connection with the undersigned's beneficial ownership of, or participation in a group with respect to, securities of the Company or the Solicitation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.executing for and on behalf of the undersigned all Group Agreements or similar documents pursuant to which the undersigned shall agree to be a member of the Group;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.performing any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete and execute any such document, complete and execute any amendment or amendments thereto, and timely file such form with the United States Securities and Exchange Commission and any stock exchange or similar authority; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.taking any other action of any type whatsoever in connection with the Solicitation, including entering into any settlement agreement, that in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.

The undersigned hereby grants to such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned's responsibilities to comply with Section 13(d), Section 16 or Section 14 of the Exchange Act.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer a member of the Group unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorney-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 20<sup>th</sup> day of October 2025.

---

| |
|:---|
| &nbsp;&nbsp; /s/ James L. Fox |
| &nbsp;&nbsp;**JAMES L. FOX** |

---

**<u>POWER OF ATTORNEY</u>**

Know all by these presents, that the undersigned hereby constitutes and appoints Lauren Taylor Wolfe the undersigned's true and lawful attorney-in-fact to take any and all action in connection with (i) the undersigned's beneficial ownership of, or participation in a group with respect to, securities of WEX Inc., a Delaware corporation (the "Company"), directly or indirectly beneficially owned by Impactive Capital Master Fund LP or any of its affiliates or members of its group (as such term is used in Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) (collectively, the "Group") and (ii) any proxy solicitation that may be pursued by the Group to elect the Group's slate of director nominees to the board of directors of the Company at the 2026 annual meeting of stockholders of the Company, including any adjournments or postponements thereof (the "Solicitation"). Such action shall include, but not be limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.if applicable, executing for and on behalf of the undersigned any Schedule 13D, and amendments thereto, filed by the Group that are required to be filed under Section 13(d) of the Exchange Act, and the rules thereunder in connection with the undersigned's beneficial ownership of, or participation in a group with respect to, securities of the Company or the Solicitation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.if applicable, executing for and on behalf of the undersigned all Forms 3, 4 and 5 required to be filed under Section 16(a) of the Exchange Act and the rules thereunder in connection with the undersigned's beneficial ownership of, or participation in a group with respect to, securities of the Company or the Solicitation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.executing for and on behalf of the undersigned all Group Agreements or similar documents pursuant to which the undersigned shall agree to be a member of the Group;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.performing any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete and execute any such document, complete and execute any amendment or amendments thereto, and timely file such form with the United States Securities and Exchange Commission and any stock exchange or similar authority; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.taking any other action of any type whatsoever in connection with the Solicitation, including entering into any settlement agreement, that in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.

The undersigned hereby grants to such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned's responsibilities to comply with Section 13(d), Section 16 or Section 14 of the Exchange Act.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer a member of the Group unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorney-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 20<sup>th</sup> day of October 2025.

---

| |
|:---|
| &nbsp;&nbsp; /s/ Kushagra Saxena |
| &nbsp;&nbsp;**KUSHAGRA SAXENA** |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 4)**

**WEX Inc.**

*(Name of Issuer)*

**Common Stock, $0.01 par value per share**

*(Title of Class of Securities)*

**96208T104**

*(CUSIP Number)*

**CHRISTIAN ASMAR**<br>IMPACTIVE CAPITAL LP<br>450 West 14th Street, 12th Floor<br>New York NY 10014<br>212-218-8810

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**10/20/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **96208T104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Impactive Capital LP** | Name of reporting person<br>**Impactive Capital LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**2195253.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**2195253.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2195253.00** | Aggregate amount beneficially owned by each reporting person<br>**2195253.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.4%** | Percent of class represented by amount in Row (11)<br>**6.4%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

| **CUSIP No.** | **96208T104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Impactive Capital LLC** | Name of reporting person<br>**Impactive Capital LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**2195253.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**2195253.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2195253.00** | Aggregate amount beneficially owned by each reporting person<br>**2195253.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.4%** | Percent of class represented by amount in Row (11)<br>**6.4%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **96208T104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Wolfe Lauren Taylor** | Name of reporting person<br>**Wolfe Lauren Taylor** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**2195253.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**2195253.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2195253.00** | Aggregate amount beneficially owned by each reporting person<br>**2195253.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.4%** | Percent of class represented by amount in Row (11)<br>**6.4%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **96208T104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Asmar Christian** | Name of reporting person<br>**Asmar Christian** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**2195253.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**2195253.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2195253.00** | Aggregate amount beneficially owned by each reporting person<br>**2195253.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.4%** | Percent of class represented by amount in Row (11)<br>**6.4%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **96208T104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Ellen R. Alemany** | Name of reporting person<br>**Ellen R. Alemany** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**6000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**6000.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**6000.00** | Aggregate amount beneficially owned by each reporting person<br>**6000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0%** | Percent of class represented by amount in Row (11)<br>**0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **96208T104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Alemany October 2025 GRAT No. 1** | Name of reporting person<br>**Alemany October 2025 GRAT No. 1** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**NEW YORK** | Citizenship or place of organization<br>**NEW YORK** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**6000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**6000.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**6000.00** | Aggregate amount beneficially owned by each reporting person<br>**6000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0%** | Percent of class represented by amount in Row (11)<br>**0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **96208T104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Kenneth L. Cornick** | Name of reporting person<br>**Kenneth L. Cornick** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**7000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**7000.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7000.00** | Aggregate amount beneficially owned by each reporting person<br>**7000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0%** | Percent of class represented by amount in Row (11)<br>**0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **96208T104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Cornick Family Investor, LLC** | Name of reporting person<br>**Cornick Family Investor, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**NEW YORK** | Citizenship or place of organization<br>**NEW YORK** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**7000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**7000.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7000.00** | Aggregate amount beneficially owned by each reporting person<br>**7000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0%** | Percent of class represented by amount in Row (11)<br>**0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **96208T104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**James L. Fox** | Name of reporting person<br>**James L. Fox** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**1000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**1000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1000.00** | Aggregate amount beneficially owned by each reporting person<br>**1000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0%** | Percent of class represented by amount in Row (11)<br>**0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **96208T104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Kushagra Saxena** | Name of reporting person<br>**Kushagra Saxena** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**PF** | Source of funds (See Instructions)<br>**PF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**621.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**621.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**621.00** | Aggregate amount beneficially owned by each reporting person<br>**621.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0%** | Percent of class represented by amount in Row (11)<br>**0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, $0.01 par value per share

**(b) Name of Issuer:**
WEX Inc.

**(c) Address of Issuer's Principal Executive Offices:**
1 HANCOCK STREET, PORTLAND, ME, 04101

**Item 4. Purpose of Transaction**

Item 4 is hereby amended to add the following:

Impactive Capital is a longstanding investor in the Issuer and has made significant efforts to engage constructively with the Board and management to address the persistent challenges facing the Issuer. Despite these efforts, the Issuer continues to underperform, and current leadership has not demonstrated the necessary urgency to implement meaningful change.

Prior to the Issuer's 2025 annual meeting of stockholders (the "2025 Annual Meeting"), Impactive Capital sent an open letter highlighting its disappointment in the Board's failure to work with Impactive Capital to add a stockholder representative to the Board and disclosing that Impactive Capital would be voting against three directors - Melissa Smith, Chair of the Issuer, Jack VanWoerkom, lead director, and James Neary - at the 2025 Annual Meeting. Each of the three directors that Impactive Capital voted against received a high percentage of against votes at the 2025 Annual Meeting with their respective support decreasing by at least 33% from the prior year's annual meeting.

Accordingly, Impactive Capital is reaffirming its intention to nominate a slate of director candidates for election at the Issuer's 2026 annual meeting of stockholders (the "2026 Annual Meeting"), and, to that end, has recruited highly qualified candidates, including Ms. Alemany and Messrs. Cornick, Fox and Saxena, as well as Ms. Taylor Wolfe (collectively, the "Director Candidates"). Impactive Capital also intends to closely monitor the Issuer's performance in the coming months and will continue to assess the extent of change it believes is necessary at the Issuer and may expand or reduce its slate of director candidates as it deems appropriate.

Despite the Issuer's lack of progress and engagement to date, Impactive Capital firmly believes in the Issuer's core strengths and long-term potential. Accordingly, Impactive Capital stands ready to work collaboratively and engage in discussions with members of management and the Board regarding topics including: (1) addressing the widening gap between the Issuer's market valuation and its intrinsic value, (2) enhancing operational performance and evaluating strategic alternatives, (3) the apparent lack of urgency from the Board and management in addressing ongoing issues at the Issuer, and (4) the need for meaningful corporate governance change, as demonstrated by the significant decline in shareholder support for Board candidates at the 2025 Annual Meeting.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5(a) is hereby amended and restated as follows:

The aggregate percentage of Shares reported beneficially owned by the Reporting Persons is based upon 34,264,311 Shares outstanding as of July 18, 2025, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on July 24, 2025.

A. Impactive Capital
As of the close of business on the date hereof, Impactive Capital beneficially owned 2,195,253 Shares held by the Impactive Funds.
Percentage: Approximately 6.4%

B. Impactive Capital GP
Impactive Capital GP, as the general partner of Impactive Capital, may be deemed to beneficially own the 2,195,253 Shares beneficially owned by Impactive Capital.
Percentage: Approximately 6.4%

C. Ms. Taylor Wolfe
Ms. Taylor Wolfe, as a Managing Member of Impactive Capital GP, may be deemed to beneficially own the 2,195,253 Shares beneficially owned by Impactive Capital.
Percentage: Approximately 6.4%

D. Mr. Asmar
Mr. Asmar, as a Managing Member of Impactive Capital GP, may be deemed to beneficially own the 2,195,253 Shares beneficially owned by Impactive Capital.
Percentage: Approximately 6.4%

E. Ms. Alemany
Ms. Alemany, as trustee of Alemany Trust, may be deemed to beneficially own the 6,000 Shares beneficially owned by Alemany Trust.
Percentage: Less than 1%

F. Alemany Trust
As of the close of business on the date hereof, Alemany Trust beneficially owned 6,000 Shares.
Percentage: Less than 1%

G. Mr. Cornick
Mr. Cornick, as a manager of Cornick Family Investor with his spouse, may be deemed to beneficially own the 7,000 Shares beneficially owned by Cornick Family Investor.
Percentage: Less than 1%

H. Cornick Family Investor
As of the close of business on the date hereof, Cornick Family Investor beneficially owned 7,000 Shares.
Percentage: Less than 1%

I. Mr. Fox
As of the close of business on the date hereof, Mr. Fox beneficially owned 1,000 Shares.
Percentage: Less than 1%

J. Mr. Saxena
As of the close of business on the date hereof, Mr. Saxena beneficially owned 621.209 Shares.
Percentage: Less than 1%

**(b)**
Item 5(b) is hereby amended and restated as follows:

Impactive Capital:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 2,195,253
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 2,195,253

Impactive Capital GP:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 2,195,253
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 2,195,253

Ms. Taylor Wolfe:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 2,195,253
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 2,195,253

Mr. Asmar:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 2,195,253
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 2,195,253

Ms. Alemany:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 6,000
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 6,000

Alemany Trust:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 6,000
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 6,000

Mr. Cornick:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 7,000
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 7,000

Cornick Family Investor:
1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: 7,000
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 7,000

Mr. Fox:
1. Sole power to vote or direct vote: 1,000
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 1,000
4. Shared power to dispose or direct the disposition: 0

Mr. Saxena:
1. Sole power to vote or direct vote: 621.209
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 621.209
4. Shared power to dispose or direct the disposition: 0

**(c)**
Item 5(c) is hereby amended and restated as follows:

The transactions in the Shares by the Reporting Persons in the last sixty days are set forth in Exhibit 1 and are incorporated herein by reference.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 6 is hereby amended to add the following:

On October 20, 2025, the Reporting Persons entered into a Group Agreement in which, among other things, (a) the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer, (b) the Reporting Persons agreed to solicit proxies for the election of the Director Candidates at the 2026 Annual Meeting, (c) each of the Director Candidates (other than Ms. Taylor Wolfe) agreed that he or she will not undertake or effect any purchase, sale, acquisition or disposition of any securities of the Issuer without the prior written consent of Impactive Capital and (d) Impactive Capital shall have the right to pre-approve all expenses incurred in connection with the Reporting Person's activities and agrees to pay directly all such pre-approved expenses. The Group Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Impactive Capital has entered into compensation letter agreements (the "Compensation Agreements") with each of the Director Candidates (other than Ms. Taylor Wolfe), pursuant to which it has agreed to pay such Director Candidates: (i) $25,000 in cash upon the execution of such Compensation Agreement and (ii) $25,000 in cash upon Impactive Capital submitting a letter to the Issuer nominating such Director Candidate for election as a director of the Issuer. Pursuant to the Compensation Agreements, each such Director Candidate has agreed to use the after-tax proceeds from such compensation to acquire securities of the Issuer (the "Nominee Shares"), subject to Impactive Capital's right to waive the requirement to purchase the Nominee Shares. The Compensation Agreements shall remain in effect until the earliest to occur of (i) the Issuer's appointment or nomination of such Director Candidate for election as a director of the Issuer, (ii) the date of any agreement with the Issuer in furtherance of such Director Candidate's nomination or appointment as a director of the Issuer, (iii) Impactive Capital's withdrawal of such Director Candidate's nomination for election as a director of the Issuer, and (iv) the date of the 2026 Annual Meeting. A form of the Compensation Agreement is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

Each of the Director Candidates has granted Ms. Taylor Wolfe a power of attorney to execute certain SEC filings and other documents, as necessary, in connection with the solicitation of proxies at the Annual Meeting (collectively, the "Powers of Attorney"). Such Powers of Attorney are attached hereto as Exhibit 99.3 and are incorporated herein by reference.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Impactive Capital LP

**Signature:** /s/ Lauren Taylor Wolfe

**Name/Title:** Lauren Taylor Wolfe, Managing Member of Impactive Capital LLC, its General Partner

**Date:** 10/20/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Impactive Capital LLC

**Signature:** /s/ Lauren Taylor Wolfe

**Name/Title:** Lauren Taylor Wolfe, Managing Member

**Date:** 10/20/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Wolfe Lauren Taylor

**Signature:** /s/ Lauren Taylor Wolfe

**Name/Title:** Lauren Taylor Wolfe

**Date:** 10/20/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Asmar Christian

**Signature:** /s/ Christian Asmar

**Name/Title:** Christian Asmar

**Date:** 10/20/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Ellen R. Alemany

**Signature:** /s/ Lauren Taylor Wolfe

**Name/Title:** Lauren Taylor Wolfe, Attorney-in-Fact for Ellen R. Alemany

**Date:** 10/20/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Alemany October 2025 GRAT No. 1

**Signature:** /s/ Ellen R. Alemany

**Name/Title:** Ellen R. Alemany, Trustee

**Date:** 10/20/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Kenneth L. Cornick

**Signature:** /s/ Lauren Taylor Wolfe

**Name/Title:** Lauren Taylor Wolfe, Attorney-in-Fact for Kenneth L. Cornick

**Date:** 10/20/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Cornick Family Investor, LLC

**Signature:** /s/ Kenneth L. Cornick

**Name/Title:** Kenneth L. Cornick, Manager

**Date:** 10/20/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** James L. Fox

**Signature:** /s/ Lauren Taylor Wolfe

**Name/Title:** Lauren Taylor Wolfe, Attorney-in-Fact for James L. Fox

**Date:** 10/20/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Kushagra Saxena

**Signature:** /s/ Lauren Taylor Wolfe

**Name/Title:** Lauren Taylor Wolfe, Attorney-in-Fact for Kushagra Saxena

**Date:** 10/20/2025