Western Union (WU) grants RSU and performance stock awards to accounting chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Western Union CO reported that Chief Accounting Officer Barry D. Cooper received two equity awards in the form of common stock on March 2. He acquired 9,183 shares in a restricted stock unit grant and 9,183 shares in a performance-based restricted stock unit grant, both at no cash cost.
The time-based restricted stock units vest in three substantially equal installments on March 2, 2027, 2028, and 2029, while the performance-based units vest in full on March 2, 2029. Vesting for both awards depends on his continued employment and the termination provisions in the award agreements.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cooper Barry D.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,183 | $0.00 | -- |
| Grant/Award | Common Stock | 9,183 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 37,985 shares (Direct)
Footnotes (1)
- 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. 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.
FAQ
What insider transaction did Western Union (WU) disclose for Barry D. Cooper?
Western Union disclosed that Chief Accounting Officer Barry D. Cooper received two equity awards of company common stock. He was granted 9,183 restricted stock units and 9,183 performance-based restricted stock units on March 2, both recorded at a price of $0.00 per share.
When do Barry D. Cooper’s Western Union (WU) restricted stock units vest?
Barry D. Cooper’s restricted stock unit award vests in three substantially equal installments. Vesting dates are March 2, 2027, 2028, and 2029, with each installment requiring his continued employment and compliance with termination provisions in the award agreement.
What are the vesting terms for Barry D. Cooper’s performance-based RSUs at Western Union (WU)?
His performance-based restricted stock unit award vests in full on March 2, 2029. Vesting is subject to his continued employment with Western Union and any applicable termination provisions contained in the governing award agreement, as described in the Form 4 footnotes.
Did Barry D. Cooper pay cash for his Western Union (WU) stock awards?
No cash was paid for these awards; the Form 4 lists a price of $0.00 per share. The grants represent equity compensation in the form of restricted stock units and performance-based restricted stock units tied to employment and vesting conditions.
What role does continued employment play in Barry D. Cooper’s Western Union (WU) awards?
Continued employment is a key condition for vesting of both awards. The restricted stock units and performance-based restricted stock units vest only if Barry D. Cooper remains employed and meets the termination provisions detailed in each related award agreement.