Western Union (WU) CLO reports tax-withholding share disposition
Rhea-AI Filing Summary
Western Union's Chief Legal Officer, Benjamin Carlton Adams, reported a Form 4 transaction involving a tax-related share disposition. On the transaction date, 4,214 shares of common stock at an indicated price of $9.53 per share were withheld by the company to satisfy tax withholding obligations from the vesting of 8,281 restricted stock units. After this tax-withholding disposition, Adams directly owned 143,733 shares of Western Union common stock.
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Insider Trade Summary
Net Seller: 4,214 shares
Net Sell
1 txn
Insider
Adams Benjamin Carlton
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 4,214 | $9.53 | $40K |
Holdings After Transaction:
Common Stock — 143,733 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 8,281 restricted stock units, representing the second vesting installment of the restricted stock unit award granted by the Company to the reporting person on February 26, 2024.
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FAQ
What insider transaction did Western Union (WU) report for its Chief Legal Officer?
Western Union reported a Form 4 for Chief Legal Officer Benjamin Carlton Adams. The company withheld 4,214 common shares to cover tax obligations from the vesting of 8,281 restricted stock units granted on February 26, 2024.
What triggered the tax-withholding disposition in Western Union (WU)'s Form 4 filing?
The tax-withholding disposition was triggered by the vesting and settlement of 8,281 restricted stock units. These units were the second vesting installment of a restricted stock unit award granted to Benjamin Carlton Adams on February 26, 2024.
What does transaction code "F" mean in Western Union (WU)'s Form 4?
Transaction code “F” indicates payment of an exercise price or tax liability by delivering securities. In this case, it reflects 4,214 Western Union shares withheld by the company to satisfy tax withholding obligations on vested restricted stock units.
Is the Western Union (WU) insider transaction categorized as a disposal or acquisition?
The transaction is categorized as a disposal. The Form 4 labels it as a tax-withholding disposition, meaning shares were effectively disposed of to cover tax obligations associated with the vesting of restricted stock units.