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Western Union (NYSE: WU) CEO receives stock award and withholds shares for taxes

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Western Union CEO Devin McGranahan reported equity award activity in company stock. He acquired 403,771 shares of common stock at no cost upon settlement of performance-based restricted stock units granted on February 23, 2023, following the Board’s certification of performance results.

On the same date, 21,274 shares and 180,306 shares of common stock were withheld by the company to satisfy his tax withholding obligations tied to the vesting and settlement of restricted stock units, including the 403,771 performance-based units. After these transactions, he directly owned 1,115,316 shares of Western Union common stock.

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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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
McGranahan Devin

(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO & President
3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026
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 02/23/2026 A 403,771(1) A $0.0000 1,316,896 D
Common Stock 02/23/2026 F 21,274(2) D $9.21 1,295,622 D
Common Stock 02/23/2026 F 180,306(3) D $9.21 1,115,316 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 23, 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 47,727 restricted stock units, representing the final vesting installment of the restricted stock unit award granted by the Company to the reporting person on February 23, 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 403,771 performance based restricted stock units granted by the company to the reporting person on February 23, 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.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Western Union (WU) report for Devin McGranahan?

Devin McGranahan reported a large stock award and related tax withholding. He acquired 403,771 Western Union common shares from performance-based restricted stock units, while separate share withholdings covered his tax obligations on vesting, leaving him with 1,115,316 directly owned shares after the transactions.

How many Western Union shares were granted to CEO Devin McGranahan?

He was credited with 403,771 Western Union common shares at no cost. These came from the settlement of performance-based restricted stock unit awards granted on February 23, 2023, after the Board certified the performance results that determined the final payout level for the award.

Why were some of Devin McGranahan’s Western Union shares disposed of in this Form 4?

The reported disposals reflect tax-withholding transactions, not open-market selling. Western Union withheld 21,274 and 180,306 shares to satisfy his tax obligations arising from vesting and settlement of restricted stock units, including a final 47,727-unit vesting installment and the 403,771 performance-based units.

What does the Form 4 say about Devin McGranahan’s Western Union share ownership after these transactions?

After the award settlement and tax-withholding share disposals, Devin McGranahan directly owned 1,115,316 Western Union common shares. The filing shows this as his total direct beneficial ownership following the reported transactions on February 23, 2026, all classified as non-derivative holdings.

What are performance-based restricted stock units in the Western Union CEO’s award?

Performance-based restricted stock units convert into shares only if specified performance goals are met. In this case, units granted to the Western Union CEO on February 23, 2023, settled into 403,771 common shares after the Board applied the performance factor and certified the final performance results.

Were Devin McGranahan’s Western Union transactions open-market buys or sells?

The Form 4 reflects an equity award settlement and tax-withholding, not open-market trading. Shares were acquired through a grant classified as a performance-based restricted stock unit settlement, while the reported disposals represent shares withheld by the company solely to cover related tax liabilities.
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