Impactive Capital Reduces WEX Inc. Stake Below 5% and Adjusts Director Nominee Slate

On March 30, 2026, Impactive Capital LP and its affiliates filed Amendment No. 6 to their Schedule 13D regarding WEX Inc., reporting an aggregate beneficial ownership of 1,713,553 shares, which represents approximately 4.9% of the company's outstanding common stock. This filing marks a decrease in ownership to below the 5% threshold. The reporting group, which includes Lauren Taylor Wolfe, Christian Asmar, Kurt P. Adams, and Ellen R. Alemany, entered into a Second Amended and Restated Group Agreement to coordinate activities for the 2026 Annual Meeting. In a significant update to their activist strategy, Impactive has withdrawn its nomination of Kenneth L. Cornick for the Board of Directors, following the Issuer's decision to reduce the board size from ten to nine members. The group continues to seek representation for its other nominees: Kurt Adams, Ellen R. Alemany, and Lauren Taylor Wolfe. The shares were primarily acquired through open market purchases using working capital, with an aggregate purchase price for the Impactive Funds' shares totaling approximately $270.7 million.