Western Union (WU) CFO has shares withheld to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Western Union’s Chief Financial Officer disposes shares to cover taxes from RSU vesting. Matthew Cagwin had 8,118 shares of Western Union common stock withheld at $9.53 per share in a tax-withholding disposition related to equity compensation, rather than an open-market trade.
The shares were withheld to satisfy tax obligations arising from the vesting and settlement of 18,555 restricted stock units. After this transaction, Cagwin beneficially owns 247,611.361 shares of Western Union common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cagwin Matthew
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 8,118 | $9.53 | $77K |
Holdings After Transaction:
Common Stock — 247,611.361 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Western Union (WU) report for its CFO?
Western Union reported that CFO Matthew Cagwin had 8,118 shares of common stock withheld in a tax-withholding disposition. This was to cover taxes from the vesting and settlement of 18,555 restricted stock units, not an open-market stock sale.
Was the Western Union (WU) CFO’s Form 4 transaction a stock sale?
The Form 4 shows no open-market sale by Western Union’s CFO. Instead, 8,118 shares were withheld by the company to satisfy tax obligations triggered by the vesting of 18,555 restricted stock units granted in February 2024.
What does transaction code F mean in Western Union (WU) CFO’s Form 4?
Transaction code F indicates payment of tax liability by delivering securities. For Western Union’s CFO, it means 8,118 shares were withheld by the company to pay taxes on vested restricted stock units, rather than representing a voluntary stock sale.
How is the Western Union (WU) CFO’s Form 4 transaction characterized?
The Form 4 characterizes the transaction as a tax-withholding disposition, with direction marked as dispose. 8,118 common shares were withheld by the company at $9.53 per share to satisfy tax obligations from 18,555 vested restricted stock units.