Western Union (NYSE: WU) awards RSUs and performance stock units to Giovanni Angelini
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Western Union CO granted equity awards to executive Giovanni Angelini, President Europe, Africa, MEPA. He received two awards of 33,423 shares of common stock each, reported as stock granted at no cash purchase price.
One award is a restricted stock unit grant that vests in three substantially equal installments on June 1, 2027, 2028 and 2029. The second is a performance-based restricted stock unit grant that vests in full on June 1, 2029. Both awards are subject to Angelini’s continued employment with Western Union and the termination provisions in the applicable award agreements, and represent routine compensation-related share acquisitions rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Angelini Giovanni
Role
President Europe, Africa, MEPA
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 33,423 | $0.00 | -- |
| Grant/Award | Common Stock | 33,423 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 344,715 shares (Direct, null)
Footnotes (1)
- Represents a restricted stock unit award which vests in three substantially equal installments on June 1, 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. Represents a grant of performance-based restricted stock unit awards which vests in full on June 1, 2029, subject to the reporting person's continued employment with the Company and any applicable termination provisions contained in the award agreement.
Key Figures
Time-based RSU grant: 33,423 shares
Performance-based RSU grant: 33,423 shares
Total equity granted: 66,846 shares
+2 more
5 metrics
Time-based RSU grant
33,423 shares
Restricted stock unit award vesting June 1, 2027, 2028, 2029
Performance-based RSU grant
33,423 shares
Performance-based restricted stock unit award vesting June 1, 2029
Total equity granted
66,846 shares
Sum of time-based and performance-based awards
Transaction price per share
$0.00 per share
Both awards reported as granted at no cash cost
Acquire transaction count
2 transactions
Form 4 transaction summary shows two acquisitions (code A)
Key Terms
restricted stock unit award, performance-based restricted stock unit awards, vesting, termination provisions
4 terms
restricted stock unit award financial
"Represents a restricted stock unit award which vests in three substantially equal installments"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
performance-based restricted stock unit awards financial
"Represents a grant of performance-based restricted stock unit awards which vests in full on June 1, 2029"
vesting financial
"vests in three substantially equal installments on June 1, 2027, 2028 and 2029"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
termination provisions financial
"subject to the reporting person's continued employment with the Company and any applicable termination provisions contained in the award agreement"
FAQ
What insider transaction did Western Union (WU) report for Giovanni Angelini?
Western Union reported that executive Giovanni Angelini received two stock awards. Each award covers 33,423 shares of common stock as equity compensation, not open-market purchases. Both were granted at no cash price and are tied to future vesting conditions and continued employment.
When do Giovanni Angelini’s Western Union (WU) restricted stock units vest?
One Western Union restricted stock unit award to Giovanni Angelini vests in three equal installments on June 1, 2027, 2028 and 2029. A separate performance-based restricted stock unit grant vests in full on June 1, 2029, assuming continued employment and satisfaction of applicable award terms.
Are Giovanni Angelini’s Western Union (WU) stock awards time-based or performance-based?
Giovanni Angelini received both time-based and performance-based stock awards from Western Union. One restricted stock unit grant vests in three time-based installments, while a separate grant consists of performance-based restricted stock units vesting in full on June 1, 2029, subject to award conditions.
What conditions apply to Giovanni Angelini’s Western Union (WU) stock unit awards?
Angelini’s stock unit awards require his continued employment with Western Union through the respective vesting dates. They are also governed by termination provisions in the applicable award agreements, meaning vesting and ultimate share delivery depend on ongoing service and the contracts’ detailed terms.