Western Union Files Definitive Proxy Statement

Ticker: WU · Form: DEF 14A · Filed: Apr 2, 2024 · CIK: 1365135

Sentiment: neutral

Topics: Proxy Statement, Executive Compensation, Stock Awards, Western Union, Shareholder Information

TL;DR

<b>Western Union Co. has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023, detailing executive compensation and stock award valuations.</b>

AI Summary

Western Union CO (WU) filed a Proxy Statement (DEF 14A) with the SEC on April 2, 2024. Western Union Co. filed a Definitive Proxy Statement on April 2, 2024. The filing covers the fiscal year ending December 31, 2023. It includes details on executive compensation for members like Devin McGranahan. Information pertains to stock options and awards granted, vested, and their fair values. The filing also details changes in fair value for outstanding and unvested awards.

Why It Matters

For investors and stakeholders tracking Western Union CO, this filing contains several important signals. This filing provides shareholders with crucial information regarding executive compensation packages, including stock options and awards, which can influence voting decisions on corporate governance matters. The detailed breakdown of stock award valuations and changes over the fiscal year offers insights into the company's performance and management's alignment with shareholder interests.

Risk Assessment

Risk Level: — Western Union CO shows moderate risk based on this filing. The filing is a routine proxy statement, providing standard disclosures without immediate financial performance indicators or significant strategic shifts.

Analyst Insight

Review the executive compensation details and stock award valuations to assess management's performance and alignment with shareholder interests.

Executive Compensation

NameTitleTotal Compensation
Devin McGranahanMember

Key Numbers

Key Players & Entities

FAQ

When did Western Union CO file this DEF 14A?

Western Union CO filed this Proxy Statement (DEF 14A) with the SEC on April 2, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Western Union CO (WU).

Where can I read the original DEF 14A filing from Western Union CO?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Western Union CO.

What are the key takeaways from Western Union CO's DEF 14A?

Western Union CO filed this DEF 14A on April 2, 2024. Key takeaways: Western Union Co. filed a Definitive Proxy Statement on April 2, 2024.. The filing covers the fiscal year ending December 31, 2023.. It includes details on executive compensation for members like Devin McGranahan..

Is Western Union CO a risky investment based on this filing?

Based on this DEF 14A, Western Union CO presents a moderate-risk profile. The filing is a routine proxy statement, providing standard disclosures without immediate financial performance indicators or significant strategic shifts.

What should investors do after reading Western Union CO's DEF 14A?

Review the executive compensation details and stock award valuations to assess management's performance and alignment with shareholder interests. The overall sentiment from this filing is neutral.

How does Western Union CO compare to its industry peers?

Western Union operates in the financial services sector, specifically focusing on money transfer and payment services.

Are there regulatory concerns for Western Union CO?

The filing is a Definitive Proxy Statement (DEF 14A) under the Securities Exchange Act of 1934, requiring public companies to disclose information to shareholders regarding meetings and voting matters.

Industry Context

Western Union operates in the financial services sector, specifically focusing on money transfer and payment services.

Regulatory Implications

The filing is a Definitive Proxy Statement (DEF 14A) under the Securities Exchange Act of 1934, requiring public companies to disclose information to shareholders regarding meetings and voting matters.

What Investors Should Do

  1. Analyze the compensation details for key executives, particularly Devin McGranahan.
  2. Review the valuation and changes in stock options and awards for 2023.
  3. Understand the implications of the proxy statement for upcoming shareholder votes.

Year-Over-Year Comparison

This is the initial filing of the Definitive Proxy Statement for the fiscal year ending December 31, 2023.

Filing Stats: 4,537 words · 18 min read · ~15 pages · Grade level 14.4 · Accepted 2024-04-02 16:05:44

Key Financial Figures

Filing Documents

Executive Compensation Framework

Executive Compensation Framework 33 Establishing and Evaluating Executive Compensation 35 The Western Union 2023 Executive Compensation Program 40 Table of Contents Executive Compensation 51 2023 Summary Compensation Table 51 2023 All Other Compensation Table 52 2023 Grants of Plan-Based Awards Table 53 2023 Outstanding Equity Awards at Fiscal Year-End Table 55 2023 Option Exercises and Stock Vested Table 57 2023 Nonqualified Deferred Compensation Table 57 Potential Payments upon Termination or Change-In-Control 58 Payments upon Termination or Change-in-Control Tables 61 Risk Management and Compensation 63 CEO Pay Ratio 64 Pay Versus Performance 65 Proposal 2—Advisory Vote to Approve Executive Compensation 70 Proposal 3—Ratification of Selection of Auditors 72 Proposal 4—Approval of The Western Union Company 2024 Long-Term Incentive Plan 73 Equity Compensation Plan Information 80 Stock Beneficially Owned by Directors, Executive Officers and Our Largest Stockholders 81 Certain Transactions and Other Matters 83 Annex A A-1 Reconciliation of Non-GAAP Measures A-1 Annex B B-1 The Western Union Company 2024 Long-Term Incentive Plan B-1 Table of Contents This page intentionally left blank. Table of Contents PROXY SUMMARY This summary highlights information contained elsewhere in this Proxy Statement. This summary does not contain all of the information you should consider, and you should read the entire Proxy Statement before voting. 2024 ANNUAL MEETING OF STOCKHOLDERS OF THE WESTERN UNION COMPANY (the "Company," "Western Union," "we," "our," or "us") When: May 17, 2024 at 8:00 a.m. Mountain Time Where: Company Headquarters 7001 E. Belleview Avenue Denver, Colorado 80237 Record Date: March 20, 2024 MEETING AGENDA AND VOTING MATTERS ITEM MANAGEMENT PROPOSALS BOARD VOTE RECOMMENDATION PAGE REFERENCE (FOR MORE DETAIL) 1 Election of Dire

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