WEX Inc. DEF 14A: Executive Compensation Details
Ticker: WEX · Form: DEF 14A · Filed: 2025-04-17T00:00:00.000Z
Sentiment: neutral
Topics: executive-compensation, proxy-statement, equity-awards
TL;DR
WEX DEF 14A out: exec comp details for 2024, incl. stock awards & fair value changes.
AI Summary
WEX Inc. filed its DEF 14A on April 17, 2025, detailing executive compensation for the fiscal year ending December 31, 2024. The filing includes information on stock awards granted, changes in their fair value, and outstanding equity awards for both PEO and Non-PEO NEO members. Specific dollar amounts and dates related to these compensation elements are provided within the extensive filing.
Why It Matters
This filing provides shareholders with crucial information regarding how WEX Inc. compensates its top executives, impacting corporate governance and investor confidence.
Risk Assessment
Risk Level: medium — DEF 14A filings related to executive compensation can reveal potential issues with pay practices or governance that may affect stock performance.
Key Numbers
- 2024-12-31 — Fiscal Year End (The period for which executive compensation is detailed.)
- 20250417 — Filing Date (Date the DEF 14A was submitted to the SEC.)
Key Players & Entities
- WEX Inc. (company) — Filer of the DEF 14A
- 0001309108 (company) — Central Index Key for WEX Inc.
- 1 HANCOCK STREET, PORTLAND, ME 04101 (address) — Business and Mail Address for WEX Inc.
FAQ
What is the primary purpose of a DEF 14A filing?
A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit proxies from shareholders and provides detailed information about matters to be voted on at a shareholder meeting, including executive compensation, director elections, and other corporate governance issues.
When is the fiscal year end for WEX Inc. as indicated in this filing?
The fiscal year end for WEX Inc. is December 31, as indicated by the 'FISCAL YEAR END: 1231' data point.
What type of compensation elements are detailed in this filing for WEX Inc. executives?
The filing details elements such as year-end fair value of equity awards granted, changes in fair value of outstanding equity awards, and fair value changes as of vesting dates for prior year equity awards.
Who are the key individuals or groups whose compensation is detailed?
The filing details compensation for 'PEO' (Principal Executive Officer) and 'Non-PEO NEO' (Non-Principal Executive Officer Named Executive Officer) members.
What is the filing date of this DEF 14A for WEX Inc.?
The filing date for this DEF 14A for WEX Inc. is April 17, 2025.
From the Filing
0001309108-25-000073.txt : 20250417 0001309108-25-000073.hdr.sgml : 20250417 20250417160713 ACCESSION NUMBER: 0001309108-25-000073 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 86 CONFORMED PERIOD OF REPORT: 20250515 FILED AS OF DATE: 20250417 DATE AS OF CHANGE: 20250417 FILER: 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: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-32426 FILM NUMBER: 25847325 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 DEF 14A 1 wex-20250417.htm DEF 14A wex-20250417 0001309108 DEF 14A FALSE iso4217:USD iso4217:USD xbrli:shares 0001309108 2024-01-01 2024-12-31 0001309108 2023-01-01 2023-12-31 0001309108 2022-01-01 2022-12-31 0001309108 2021-01-01 2021-12-31 0001309108 2020-01-01 2020-12-31 0001309108 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2024-01-01 2024-12-31 0001309108 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2024-01-01 2024-12-31 0001309108 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2024-01-01 2024-12-31 0001309108 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001309108 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001309108 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2024-01-01 2024-12-31 0001309108 3 2024-01-01 2024-12-31 0001309108 1 2024-01-01 2024-12-31 0001309108 2 2024-01-01 2024-12-31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Rule 14a-101) SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) þ Filed by the Registrant ¨ Filed by a Party other than the Registrant CHECK THE APPROPRIATE BOX: ¨ Preliminary Proxy Statement ¨ Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) þ Definitive Proxy Statement ¨ Definitive Additional Materials ¨ Soliciting Material Pursuant to Section 240.14a-12 WEX Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) PAYMENT OF FILING FEE (CHECK ALL BOXES THAT APPLY): þ   No fee required. ¨ Fee paid previously with preliminary materials. ¨ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.                          PROXY STATEMENT SUMMARY This summary highlights information contained elsewhere in this Proxy Statement. This summary does not contain all of the information that you should consider, and you should read the entire Proxy Statement carefully before voting. Page references are supplied to help you find further information in this Proxy Statement. This proxy statement is furnished in connection with the solicitation of proxies by and on behalf of the Board of Directors of WEX Inc. ("WEX", "our(s)", "we", or "the Company") for use at the Annual Meeting of Stockholders, to be held virtually at https://web.lumiconnect.com/289188153 , password wex2025, on May 15, 2025, at 8:00 a.m. EDT (the "Annual Meeting") , and any postponement or adjournment thereof. We will begin mailing this Proxy Statement, our Annual Report to stockholders, which includes the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, fil