Western Union (WU) risk chief has 2,396 shares withheld for tax obligations
Rhea-AI Filing Summary
Western Union’s Chief Enterprise Risk Officer reports tax share withholding. Cherie Axelrod had 2,396 shares of Western Union common stock withheld at $9.36 per share to cover taxes arising from the vesting of 8,333 restricted stock units. After this tax-withholding disposition, she holds 111,457 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,396 shares
Net Sell
1 txn
Insider
Axelrod Cherie
Role
Chief Enterprise Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,396 | $9.36 | $22K |
Holdings After Transaction:
Common Stock — 111,457 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 8,333 restricted stock units, representing the first vesting installment of the restricted stock unit award granted by the Company to the reporting person on February 24, 2025.
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FAQ
What insider transaction did Western Union (WU) report for Cherie Axelrod?
Western Union reported a tax-withholding disposition for executive Cherie Axelrod. The company withheld 2,396 common shares to satisfy tax obligations triggered by the vesting and settlement of 8,333 restricted stock units granted earlier.
Was the Western Union (WU) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by Western Union to pay taxes due on vesting restricted stock units, a common administrative mechanism for equity compensation.
What does transaction code "F" mean in the Western Union (WU) Form 4?
Transaction code “F” indicates payment of an exercise price or tax liability by delivering securities. In this case, it reflects Western Union withholding 2,396 shares from an executive’s vesting restricted stock units to cover tax obligations.