Impactive Capital (NYSE: WEX) board representative granted 79 deferred RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEX Inc. reported a routine equity compensation grant connected to board service. An entity associated with director Lauren Taylor Wolfe and Impactive Capital received 79 shares of Common Stock in the form of Restricted Stock Units granted in lieu of the annual cash retainer. These RSUs were issued under the Amended and Restated WEX Inc. 2019 Equity and Incentive Plan and deferred under the Non-Employee Directors Deferred Compensation Plan.
Each Restricted Stock Unit will convert into one share of WEX Common Stock 200 days after Taylor Wolfe’s service on the board ends for any reason. Following this grant, the filing shows 1,707,332 shares of Common Stock indirectly held by the reporting group tied to Impactive Capital and its affiliates.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wolfe Lauren Taylor, Impactive Capital LP, Impactive Capital LLC, Asmar Christian
Role
null | null | null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 79 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,707,332 shares (Indirect, See Footnote)
Footnotes (1)
- This Form 4 is filed jointly by Impactive Capital LP ("Impactive Capital"), Impactive Capital LLC ("Impactive GP"), Christian Asmar and Lauren Taylor Wolfe (collectively, the "Reporting Persons"). Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of her, his or its pecuniary interest therein. This Common Stock is represented by Restricted Stock Units granted under the Amended and Restated WEX Inc. 2019 Equity and Incentive Plan (as defined in the 2025 WEX Inc. Proxy Statement filed on April 17, 2025) in lieu of the annual cash retainer. This was deferred in accordance with WEX Inc.'s Non-Employee Directors Deferred Compensation Plan. Each Restricted Stock Unit is payable in one share of WEX Inc. (the "Issuer") Common Stock 200 days immediately following the date upon which Ms. Taylor Wolfe's service as a member of the board of directors (the "Board") of the Issuer terminates for any reason. Because Ms. Taylor Wolfe serves on the Board of the Issuer as a representative of Impactive Capital and its affiliates, Impactive Capital is entitled to receive the direct economic interest in securities granted to Ms. Taylor Wolfe by the Issuer in respect of Ms. Taylor Wolfe's Board position. Ms. Taylor Wolfe disclaims beneficial ownership of the Issuer's securities to which this report relates and at no time has Ms. Taylor Wolfe had any economic interest in such securities except any indirect economic interest through Impactive Capital and its affiliates.
Key Figures
RSUs granted: 79 shares
Price per share: $0.0000 per share
Total shares after transaction: 1,707,332 shares
+1 more
4 metrics
RSUs granted
79 shares
Restricted Stock Units in lieu of annual cash retainer
Price per share
$0.0000 per share
Grant price for RSU award, compensation-related
Total shares after transaction
1,707,332 shares
Indirect Common Stock holdings reported for the group after grant
Settlement timing
200 days
RSUs payable 200 days after end of board service
Key Terms
Restricted Stock Units, Amended and Restated WEX Inc. 2019 Equity and Incentive Plan, Non-Employee Directors Deferred Compensation Plan, pecuniary interest, +1 more
5 terms
Restricted Stock Units financial
"This Common Stock is represented by Restricted Stock Units granted under the Amended and Restated WEX Inc. 2019 Equity and Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Amended and Restated WEX Inc. 2019 Equity and Incentive Plan financial
"Restricted Stock Units granted under the Amended and Restated WEX Inc. 2019 Equity and Incentive Plan"
Non-Employee Directors Deferred Compensation Plan financial
"This was deferred in accordance with WEX Inc.'s Non-Employee Directors Deferred Compensation Plan."
pecuniary interest financial
"Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of her, his or its pecuniary interest therein."
beneficial ownership financial
"Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did WEX (WEX) disclose in this Form 4?
WEX disclosed a grant of 79 Restricted Stock Units of Common Stock related to non-employee director compensation. The award was granted in lieu of an annual cash retainer and is tied to board service for Lauren Taylor Wolfe representing Impactive Capital.
Who is the primary beneficiary of the new WEX (WEX) equity grant?
The economic interest in the grant belongs to Impactive Capital and its affiliates. Lauren Taylor Wolfe serves on WEX’s board as their representative and disclaims beneficial ownership except for any indirect pecuniary interest through Impactive Capital-related entities, as specified in the filing footnotes.
What is the total WEX (WEX) position reported after this Form 4 transaction?
After this grant, the filing shows 1,707,332 shares of WEX Common Stock indirectly held by the reporting group. This reflects securities tied to Impactive Capital and its affiliates, with each reporting person disclaiming beneficial ownership beyond their pecuniary interest.
Was this WEX (WEX) equity grant part of a cashless director compensation arrangement?
Yes. The Common Stock was granted as Restricted Stock Units issued instead of an annual cash retainer. The award falls under WEX’s 2019 Equity and Incentive Plan and its Non-Employee Directors Deferred Compensation Plan, converting into shares only after board service ends.