Western Union (NYSE: WU) CLO Benjamin Adams to retire under voluntary program
Rhea-AI Filing Summary
The Western Union Company reports that Benjamin Adams, Executive Vice President and Chief Legal Officer, has elected to participate in its Voluntary Retirement Program and will depart his role effective November 2, 2026. Until then, he will continue overseeing legal, privacy, public policy and enterprise risk and assist with transitioning his responsibilities to a successor.
The Voluntary Retirement Program, approved in 2026, applies to certain eligible U.S.-based employees. Employees may elect to retire if, on or before December 31, 2027, they are at least 50 years old, have at least five years of service, and their age plus years of service equals at least 60. After a three-month notice period and execution and non‑revocation of a release of claims, participants receive six months of base salary, a prorated 2026 target annual incentive award, and continued vesting of outstanding equity awards under the company’s 2015 and 2024 Long‑Term Incentive Plans.
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Retirement effective date: November 2, 2026
Program eligibility deadline: December 31, 2027
Minimum age for eligibility: 50 years
+4 more
7 metrics
Retirement effective date
November 2, 2026
Effective date of Benjamin Adams’ departure as EVP and Chief Legal Officer
Program eligibility deadline
December 31, 2027
Date by which employees must meet age and service criteria for the Voluntary Retirement Program
Minimum age for eligibility
50 years
Minimum age requirement for U.S.-based employees to participate in the Voluntary Retirement Program
Minimum service for eligibility
5 years
Minimum completed years of service required for the Voluntary Retirement Program
Age plus service threshold
60 years
Combined age and years of service required for Voluntary Retirement Program eligibility
Notice period
3 months
Required notice period before retirement benefits are provided under the program
Severance base salary
6 months
Length of base salary continuation provided to program participants
Key Terms
Voluntary Retirement Program, prorated 2026 target annual incentive award, continued vesting of outstanding equity awards, release of claims, +1 more
5 terms
Voluntary Retirement Program financial
"elected to participate in, and will be entitled to retirement benefits in accordance with, a Voluntary Retirement Program"
prorated 2026 target annual incentive award financial
"such employees will receive: (i) six months of base salary; (ii) a prorated 2026 target annual incentive award"
continued vesting of outstanding equity awards financial
"and (iii) continued vesting of outstanding equity awards in accordance with the applicable award agreements"
release of claims regulatory
"Following a three-month notice period and the execution and non-revocation of a release of claims in favor of the Company"
Long-Term Incentive Plan financial
"under The Western Union Company 2024 Long-Term Incentive Plan and The Western Union Company 2015 Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What executive leadership change did Western Union (WU) disclose?
Western Union disclosed that Benjamin Adams, Executive Vice President and Chief Legal Officer, elected to participate in its Voluntary Retirement Program and will leave his role effective November 2, 2026, while assisting with the transition of his responsibilities.
When will Benjamin Adams’ retirement from Western Union (WU) be effective?
Benjamin Adams’ retirement from Western Union will be effective on November 2, 2026. Until that date, he will continue to serve as Executive Vice President and Chief Legal Officer and help transition his duties to a successor.
What is Western Union’s (WU) Voluntary Retirement Program eligibility criteria?
Western Union’s Voluntary Retirement Program covers certain U.S.-based employees who, by December 31, 2027, are at least 50 years old, have at least five years of service, and have a combined age and service of at least 60 years.
What benefits does Western Union’s (WU) Voluntary Retirement Program provide?
Eligible participants receive six months of base salary, a prorated 2026 target annual incentive award, and continued vesting of outstanding equity awards, subject to program conditions including a three‑month notice period and a release of claims.
Which incentive plans are affected by continued vesting for Western Union (WU) retirees?
Continued vesting applies to outstanding equity awards under The Western Union Company 2024 Long-Term Incentive Plan and The Western Union Company 2015 Long-Term Incentive Plan, in accordance with the applicable award agreements.
What conditions must Western Union (WU) employees meet to receive retirement benefits?
Employees must satisfy age and service thresholds by December 31, 2027, provide a three‑month notice, and execute and not revoke a release of claims in favor of Western Union to receive the Voluntary Retirement Program benefits.