Western Union (WU) CEO reports tax-withholding share disposition in Form 4
Rhea-AI Filing Summary
Western Union CEO and President Devin McGranahan reported a tax-related share disposition. 26,532 common shares were withheld by the company at $9.36 per share to satisfy his tax obligations from vesting and settlement of 59,524 restricted stock units. He now directly owns 1,088,784 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 26,532 shares
Net Sell
1 txn
Insider
McGranahan Devin
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 26,532 | $9.36 | $248K |
Holdings After Transaction:
Common Stock — 1,088,784 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld by the Company to satisfy tax withholding obligations of the reporting person that arose in connection with the vesting and settlement of 59,524 restricted stock units, representing the first vesting installment of the restricted stock unit award granted by the Company to the reporting person on February 24, 2025.
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FAQ
What insider transaction did Western Union (WU) report for Devin McGranahan?
Western Union reported a tax-withholding disposition for CEO Devin McGranahan. The company withheld 26,532 common shares at $9.36 per share to cover taxes triggered by the vesting and settlement of 59,524 restricted stock units granted on February 24, 2025.
What transaction code was used in the Western Union (WU) Form 4 filing?
The Form 4 used transaction code F, which denotes payment of exercise price or tax liability by delivering securities. In this case, Western Union withheld 26,532 shares from Devin McGranahan to satisfy tax obligations from vesting and settlement of restricted stock units, rather than an open-market trade.