Large equity grants boost Western Union (NYSE: WU) CFO share exposure

Rhea-AI Filing Summary

Western Union Chief Financial Officer Matthew Cagwin received new equity awards on March 2, 2026. He was granted employee stock options covering 361,539 shares at an exercise price of $0.00 per share, along with two awards of common stock totaling 196,653 restricted stock units. One performance-based restricted stock unit award vests in full on March 2, 2029, while another restricted stock unit award vests in three installments on March 2, 2027, 2028, and 2029. The stock option grant vests in four installments on March 2, 2027, 2028, 2029, and 2030, in each case subject to his continued employment and the terms of the award agreements. Following these awards, his directly owned common stock holdings increased to 444,264.361 shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cagwin Matthew

(Last) (First) (Middle)

7001 EAST BELLEVIEW AVENUE

(Street)

DENVER CO 80237

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Western Union CO [ WU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/02/2026		A		122,908(1)	A	$0.0000	370,519.361	D
Common Stock	03/02/2026		A		73,745(2)	A	$0.0000	444,264.361	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$9.56	03/02/2026		A		361,539		(3)	03/02/2036	Common Stock	361,539	$0.0000	361,539	D

Explanation of Responses:

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.

2. 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.

3. This option vests in four substantially equal installments on March 2, 2027, 2028, 2029, and 2030, subject to the reporting person's continued employment with the Company and any applicable termination provisions contained in the award agreement.

	Benjamin C. Adams, As Attorney-in-Fact	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What equity awards did Western Union (WU) CFO Matthew Cagwin receive?

Western Union CFO Matthew Cagwin received stock options for 361,539 shares and 196,653 restricted stock units. The grants include performance-based and time-based RSUs and will vest over several years, subject to his continued employment and the award agreements.

How do the new grants affect Matthew Cagwin’s Western Union (WU) share holdings?

After the March 2, 2026 awards, Matthew Cagwin’s directly owned Western Union common stock holdings rose to 444,264.361 shares. He also holds 361,539 employee stock options that vest over time, further increasing his potential future equity exposure to the company.

When do Matthew Cagwin’s new Western Union (WU) restricted stock units vest?

One performance-based restricted stock unit award vests entirely on March 2, 2029. Another restricted stock unit award vests in three substantially equal installments on March 2, 2027, 2028, and 2029, assuming he remains employed and meets the award agreement conditions.

What is the vesting schedule for Matthew Cagwin’s Western Union (WU) stock options?

The employee stock option grant to CFO Matthew Cagwin vests in four substantially equal installments. Vesting dates are March 2, 2027, 2028, 2029, and 2030, and each installment requires his continued employment and compliance with the terms of the option agreement.

Are Matthew Cagwin’s new Western Union (WU) equity awards performance-based?

One of Matthew Cagwin’s restricted stock unit awards is performance-based and vests in full on March 2, 2029. Another RSU award and the stock options are time-based, vesting in scheduled installments provided he remains employed under the award terms.