WEX Inc
For the period ended Mar 31, 2024. Filed Apr 25, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 25, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
The following table presents the Company’s common stock repurchases during each month of the first quarter of 2024:
| Total Number of Shares Purchased | Average Price Paid per Share2, 3 | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs1 | |
|---|---|---|---|---|
| January 1 - January 31, 2024 | 174,913 | $198.11 | 174,913 | $178,790,810 |
| February 1 - February 29, 2024 | 116,108 | $214.87 | 116,108 | $553,842,773 |
| March 1 - March 31, 2024 | 62,086 | $225.85 | 62,086 | $539,820,517 |
| Total | 353,107 | $208.50 | 353,107 |
(1)On February 15, 2024, the Company's board of directors authorized an amended share repurchase program under which up to an additional $400.0 million worth of WEX's common stock may be repurchased by the Company in the open market and through various other means pursuant to the share repurchase plan, through December 31, 2025, expanding the total authorization from $650.0 million to $1.05 billion.
(2)Includes commissions paid on stock repurchases.
(3)The Inflation Reduction Act of 2022, which was enacted into law on August 16, 2022, imposed a nondeductible one percent excise tax on the net value of certain stock repurchases. All dollar amounts presented exclude such excise taxes, as applicable.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.