Western Union COO has shares withheld for taxes
Western Union’s COO had shares withheld to cover taxes on RSU vesting, leaving a direct holding of 313,891 shares.
Rhea-AI Filing Summary
Western Union CO (WU) reported that Chief Operating Officer Benjamin Scott Hawksworth had 8,569 shares of common stock withheld on September 8, 2026 to satisfy tax withholding obligations from the vesting and settlement of 19,562 restricted stock units granted on September 8, 2023.
These shares were withheld by the company rather than sold in the market at a reported value of $7.00 per share, and Hawksworth now holds 313,891 shares of Western Union common stock directly. No Rule 10b5-1 trading plan is reported for this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 8,569 shares
Tax Withholding
1 txn
Insider
Hawksworth Benjamin Scott
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 8,569 | $7.00 | $60K |
Holdings After Transaction:
Common Stock — 313,891 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 19,562 restricted stock units, representing the final vesting installment of the restricted stock unit award granted by the Company to the reporting person on September 8, 2023.
Key Figures
Shares withheld for taxes: 8,569 shares
Per-share value for withholding: $7.00 per share
RSUs vested: 19,562 units
+2 more
5 metrics
Shares withheld for taxes
8,569 shares
Common stock withheld on September 8, 2026 to satisfy tax withholding obligations
Per-share value for withholding
$7.00 per share
Value applied to 8,569 withheld shares for tax withholding
RSUs vested
19,562 units
Restricted stock units vesting and settling for the COO on September 8, 2026
Shares held after transaction
313,891 shares
Direct holdings of Western Union common stock by the COO following the transaction
Transaction shares classified as exercise price or tax liability
8,569 shares
Shares reported under the exercise price or tax liability category in transaction summary
Key Terms
restricted stock units, tax withholding obligations, vesting and settlement, Rule 10b5-1
4 terms
restricted stock units financial
"in connection with the vesting and settlement of 19,562 restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares withheld by the Company to satisfy tax withholding obligations"
vesting and settlement financial
"that arose in connection with the vesting and settlement of 19,562 restricted stock units"
Rule 10b5-1 regulatory
"no Rule 10b5-1 trading plan is reported for this transaction"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What transaction did Western Union (WU) report for its COO on this Form 4?
Western Union reported that COO Benjamin Scott Hawksworth had 8,569 shares of common stock withheld on September 8, 2026 to satisfy tax withholding obligations arising from the vesting of 19,562 restricted stock units granted on September 8, 2023.
How many Western Union (WU) restricted stock units vested for the COO?
The Form 4 footnote states that 19,562 restricted stock units vested and settled for the COO, representing the final vesting installment of an RSU award granted on September 8, 2023.
Was the Western Union (WU) COO’s transaction under a Rule 10b5-1 trading plan?
No. The filing indicates that the Rule 10b5-1 checkbox is not affirmed, so no Rule 10b5-1 trading plan is reported in connection with this tax-withholding transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.