Western Union (WU) COO has shares withheld to cover tax obligations
Rhea-AI Filing Summary
Western Union's Chief Operating Officer reports a tax-related share withholding. On February 26, 2026, 4,224 shares of Western Union common stock were withheld to cover the executive's tax obligations tied to equity compensation.
The withholding arose from the vesting and settlement of 8,594 restricted stock units, representing the second vesting installment of an award granted on February 26, 2024. This is a non-market, tax-withholding disposition rather than an open-market sale, and the executive continued to hold 126,860 shares directly after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,224 shares
Net Sell
1 txn
Insider
Hawksworth Benjamin Scott
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 4,224 | $9.53 | $40K |
Holdings After Transaction:
Common Stock — 126,860 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 8,594 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 COO?
Western Union reported a tax-withholding disposition by its Chief Operating Officer. On February 26, 2026, 4,224 common shares were withheld to satisfy tax obligations arising from the vesting of 8,594 restricted stock units, rather than being sold on the open market.
Was the Western Union (WU) COO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 4,224 Western Union shares were withheld by the company to satisfy tax liabilities associated with the vesting and settlement of restricted stock units, a common administrative step in equity compensation.
What equity award triggered the Western Union (WU) COO’s tax withholding?
The tax withholding stemmed from 8,594 restricted stock units vesting for the COO. This was the second vesting installment of a restricted stock unit award granted by Western Union on February 26, 2024, leading to shares being withheld to cover related tax obligations.