Western Union (NYSE: WU) risk chief granted stock, uses shares for taxes

Rhea-AI Filing Summary

Western Union CO Chief Enterprise Risk Officer Cherie Axelrod reported equity compensation activity in company stock. She acquired 22,017 shares of common stock at no cost upon settlement of performance-based restricted stock units granted on February 22, 2023, following certification of performance by the board. To cover tax withholding from the vesting of 5,205 time-based restricted stock units and 22,017 performance-based units, the company withheld 1,393 and 7,067 shares, respectively, as non-market dispositions at $9.27 per share. After these transactions, she directly holds 113,853 shares of Western Union common stock.

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

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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^*

Axelrod Cherie

(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 Enterprise Risk Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/22/2026

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	02/22/2026		A		22,017(1)	A	$0.0000	122,313	D
Common Stock	02/22/2026		F		1,393(2)	D	$9.27	120,920	D
Common Stock	02/22/2026		F		7,067(3)	D	$9.27	113,853	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

Explanation of Responses:

1. Shares acquired upon the settlement of performance-based restricted stock unit awards granted by the Company to the reporting person on February 22, 2023, based on the performance factor applied in accordance with the terms of the award and certification of performance results by the Board.

2. 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 5,205 restricted stock units, representing the final vesting installment of the restricted stock unit award granted by the Company to the reporting person on February 22, 2023.

3. 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 22,017 performance based restricted stock units granted by the company to the reporting person on February 22, 2023 and reported herein.

	Lisa A. Atkins, As Attorney-in-Fact	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Western Union (WU) report for Cherie Axelrod?

Western Union reported that Chief Enterprise Risk Officer Cherie Axelrod received a stock award and had shares withheld for taxes. She acquired 22,017 performance-based restricted stock units and 8,460 shares were withheld to satisfy tax obligations tied to vesting awards.

How many Western Union shares did Cherie Axelrod acquire in this Form 4?

Cherie Axelrod acquired 22,017 Western Union common shares at no cash cost through settlement of performance-based restricted stock units. These units were originally granted on February 22, 2023 and settled after the board certified the applicable performance results under the award terms.

Why were some of Cherie Axelrod’s Western Union shares disposed of in this filing?

The reported share dispositions were for tax withholding, not open-market sales. Western Union withheld 1,393 shares from 5,205 vesting restricted stock units and 7,067 shares from 22,017 performance-based units to cover the reporting person’s related tax obligations in stock form.

What is Cherie Axelrod’s Western Union share ownership after these transactions?

After the reported award settlement and tax-withholding share dispositions, Cherie Axelrod directly owns 113,853 Western Union common shares. This total reflects the net result after acquiring 22,017 shares from performance-based units and having 8,460 shares withheld to satisfy associated tax liabilities.

What types of equity awards are involved in Western Union’s Form 4 for Cherie Axelrod?

The filing involves both time-based and performance-based restricted stock units. It notes vesting and settlement of 5,205 time-based restricted stock units and 22,017 performance-based restricted stock units that were granted on February 22, 2023 under Western Union’s equity compensation program.