Western Union Form 3/A: Hawksworth Discloses 147,811 Shares, Fixes Over-Report
Rhea-AI Filing Summary
Benjamin Scott Hawksworth, Chief Operating Officer of The Western Union Company (WU), reported ownership of 147,811 shares of common stock in an amended Form 3/A. The filing states this total includes restricted stock units totaling 129,519 shares across four grant schedules vesting between September 8, 2025 and March 7, 2028, with detailed installment schedules for each tranche. The amendment corrects a clerical over-reporting of 9,864 shares that appeared in the original filing. The corporate role is identified as Director and Officer (Chief Operating Officer) and the event requiring the statement occurred on 06/27/2025. The form shows the amendment and a signature by an attorney-in-fact on 09/10/2025.
Positive
- Amendment corrects a clerical error, reducing previously over-reported holdings by 9,864 shares
- Full disclosure of restricted stock unit schedules with specific vesting dates through 2028
- Reporting by an officer and director improves transparency about insider ownership
Negative
- Initial filing contained an over-reporting of 9,864 shares, indicating a clerical error
- No transactions (purchases/sales) disclosed that would clarify recent insider activity or intent
Insights
TL;DR: Officer disclosed holdings and corrected a clerical error; disclosure supports transparency but is not materially impactful.
The amended Form 3/A shows the COO of Western Union reporting 147,811 shares of common stock, largely comprising restricted stock units with staggered vesting through 2028. Correcting an over-reporting of 9,864 shares demonstrates adherence to Section 16 reporting obligations and internal controls for disclosure. From a governance perspective, timely amendment and attorney-in-fact signature indicate procedural compliance. The ownership size relative to large-cap market caps is modest and the filing contains no additional transactions, pledges, or derivative positions.
TL;DR: Ownership details clarify compensation-related equity but do not signal a material change to investor stakes.
The report details that 129,519 RSUs form the bulk of the 147,811 shares, with vesting schedules in 2025–2028 across four grants. There are no derivative securities reported and no purchases or sales disclosed in this form. The amendment corrects an earlier over-reporting of 9,864 shares, reducing apparent holdings. For investors monitoring insider alignment, the filing confirms ongoing equity-based compensation vesting but contains no immediate liquidity events or material transfers affecting share count.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- [object Object]
FAQ
What did Benjamin Scott Hawksworth report in his Form 3/A for WU?
Why was an amended Form 3/A filed for WU?
What is the role of the reporting person in the WU filing?
Do the filings show any derivative securities or recent trades for WU insider?
When did the event requiring this Form 3/A occur?