WEX enters $300M accelerated share repurchase agreement with JPMorgan

WEX Inc.

ASR under existing $1.05B buyback authorization announced Feb 2024; $300M initial payment to JPMorgan.
Initial delivery of ~1.3M shares based on $180.44 closing price, ~80% of expected total.
Final share count based on VWAP less discount; final settlement expected in Q4 2024.
Repurchase immediately reduces outstanding shares, supporting EPS accretion.

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