Western Union (WU) CLO awarded 54,516 shares as company withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Western Union’s Chief Legal Officer Benjamin Carlton Adams received 54,516 shares of common stock through the settlement of performance-based restricted stock units granted in 2023. To cover tax withholding obligations tied to this and another vesting award, the Company withheld 6,558 and 28,417 shares at $9.27 per share. After these grant and tax-withholding dispositions, Adams directly holds 153,016 Western Union shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Adams Benjamin Carlton
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 54,516 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,558 | $9.27 | $61K |
| Tax Withholding | Common Stock | 28,417 | $9.27 | $263K |
Holdings After Transaction:
Common Stock — 187,991 shares (Direct)
Footnotes (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. 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 12,888 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. 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 54,516 performance-based restricted stock units granted by the Company to the reporting person on February 22, 2023 and reported herein.
FAQ
What insider transactions did Western Union (WU) report for Benjamin Carlton Adams?
Western Union reported that Chief Legal Officer Benjamin Carlton Adams received 54,516 shares of common stock from performance-based restricted stock units, and had 6,558 and 28,417 shares withheld to satisfy tax obligations related to vesting awards, leaving him with 153,016 directly held shares.
Was the Western Union (WU) Form 4 a stock sale by Benjamin Carlton Adams?
The Form 4 does not show open-market sales. It records a stock grant of 54,516 shares and two tax-withholding dispositions of 6,558 and 28,417 shares, where shares were withheld by Western Union to cover Adams’ tax liabilities from vesting restricted stock units.