Western Union (WU) director receives 33,474-share stock awards grant
Rhea-AI Filing Summary
Western Union director Michael Miles reported stock-based awards that increased his direct holdings. On March 2, 2026, he acquired two grants of Western Union common stock totaling 33,474 shares at no cash cost, raising his directly held stake to 209,796 shares.
According to a footnote, one of the awards is a restricted stock unit grant that vests in full on March 2, 2027, as long as Miles continues to serve on the company’s board and subject to any termination provisions in the award agreement. This filing reflects equity compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 33,474 shares
Net Buy
2 txns
Insider
Miles Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 20,921 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 12,553 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 209,796 shares (Direct)
Footnotes (1)
- F1. Represents a restricted stock unit award which vests in full on March 2, 2027, subject to the reporting person's continued service on the Company's board and any applicable termination provisions contained in the award agreement.
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FAQ
What did Western Union (WU) director Michael Miles report in this Form 4?
Michael Miles reported receiving two stock-based awards totaling 33,474 Western Union common shares. These equity grants, recorded at zero cash price, increased his directly held stake to 209,796 shares as of the March 2, 2026 transaction date.
What is the vesting schedule of Michael Miles’s new Western Union restricted stock units?
One award is a restricted stock unit grant that vests in full on March 2, 2027. Vesting is contingent on Miles’s continued service on Western Union’s board and on any applicable termination provisions in the governing award agreement.
Were Michael Miles’s Western Union (WU) awards open-market purchases or sales?
No, the reported transactions are equity grants classified as “Grant, award, or other acquisition.” The Form 4 lists a zero transaction price per share, indicating stock-based compensation rather than open-market buying or selling activity.
What type of security did Michael Miles receive from Western Union (WU)?
The Form 4 lists the security as Western Union common stock, with one grant further described in a footnote as a restricted stock unit award. These units convert into shares upon vesting, provided service and award-agreement conditions are satisfied.