Western Union (NYSE: WU) COO receives large new stock unit grants
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Hawksworth Benjamin Scott reported acquisition or exercise transactions in this Form 4 filing.
Western Union’s Chief Operating Officer, Benjamin Scott Hawksworth, received significant equity-based compensation in the form of restricted stock units. He was granted 119,247 performance-based restricted stock units that vest in full on March 2, 2029, subject to continued employment and award agreement terms.
He also received a separate award of 79,498 restricted stock units that vest in three substantially equal installments on March 2, 2027, 2028 and 2029, also contingent on his continued employment and applicable termination provisions. These are non-cash compensation grants, not open-market share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hawksworth Benjamin Scott
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 119,247 | $0.00 | -- |
| Grant/Award | Common Stock | 79,498 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 246,107 shares (Direct)
Footnotes (1)
- Represents a grant of performance-based restricted stock unit awards which vests in full on March 2, 2029, subject to the reporting person's continued employment with the Company and any applicable termination provisions contained in the award agreement. Represents a restricted stock unit award which vests in three substantially equal installments on March 2, 2027, 2028, and 2029, subject to the reporting person's continued employment with the Company and any applicable termination provisions contained in the award agreement.
FAQ
What did Western Union (WU) COO Benjamin Scott Hawksworth report on this Form 4/A?
Benjamin Scott Hawksworth reported receiving equity awards in Western Union common stock. He was granted performance-based and time-based restricted stock units, which are compensation grants that vest over future years rather than immediate cash payments, aligning his incentives with longer-term company performance.
How many restricted stock units did Western Union’s COO receive in total?
The COO received 119,247 performance-based restricted stock units and 79,498 time-based restricted stock units. These grants are structured to vest over several years, rewarding continued employment and performance rather than providing an immediate lump-sum benefit on the grant date.
What are the vesting terms for the performance-based RSU award at Western Union (WU)?
The performance-based restricted stock unit award of 119,247 units vests in full on March 2, 2029. Vesting is subject to Benjamin Scott Hawksworth’s continued employment with Western Union and the termination and performance provisions outlined in the governing award agreement.
What is the vesting schedule for the time-based RSU award granted to WU’s COO?
The time-based restricted stock unit award of 79,498 units vests in three substantially equal installments on March 2, 2027, 2028, and 2029. Each installment requires that Hawksworth remain employed and comply with the termination provisions specified in the related award documents.
How do these RSU grants affect Western Union COO Benjamin Hawksworth’s compensation mix?
These RSU grants increase the equity component of Hawksworth’s compensation. Because the units vest in future years and depend on continued employment and award conditions, they are designed to tie a meaningful portion of his pay to Western Union’s long-term performance and retention goals.