Western Union (NYSE: WU) CLO granted performance and time-based RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Western Union’s Chief Legal Officer receives new stock awards. Benjamin Carlton Adams acquired 66,528 performance-based restricted stock units that vest in full on March 2, 2029, subject to continued employment and the award agreement’s termination provisions.
He also received 44,352 restricted stock units that vest in three substantially equal installments on March 2, 2027, March 2, 2028, and March 2, 2029, also conditioned on continued employment and applicable termination terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Adams Benjamin Carlton
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 66,528 | $0.00 | -- |
| Grant/Award | Common Stock | 44,352 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 210,261 shares (Direct)
Footnotes (1)
- 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. 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.
FAQ
What insider transaction did Western Union (WU) disclose for Benjamin Carlton Adams?
Western Union reported that Chief Legal Officer Benjamin Carlton Adams acquired two grants of restricted stock units. One is performance-based and the other time-based, both awarded at no cash cost and subject to continued employment and award agreement termination provisions.
When do Benjamin Carlton Adams’ new Western Union (WU) stock awards vest?
The performance-based restricted stock units vest in full on March 2, 2029. The time-based restricted stock units vest in three substantially equal installments on March 2, 2027, March 2, 2028, and March 2, 2029, assuming continued employment and applicable terms.
Are Benjamin Carlton Adams’ Western Union (WU) stock awards performance-based?
One grant of 66,528 restricted stock units is performance-based and vests fully on March 2, 2029. A second grant of 44,352 restricted stock units is time-based, vesting over three years, with both awards subject to continued employment and award agreement provisions.
Does this Western Union (WU) Form 4 show open-market buying or selling?
No open-market buying or selling is shown. The Form 4 reports equity compensation grants of restricted stock units awarded at a stated price of $0.00 per share, increasing Benjamin Carlton Adams’ holdings through stock-based compensation rather than market transactions.