Adams Benjamin Carlton 4
Research Summary
AI-generated summary
Western Union (WU) Chief Legal Officer Benjamin Adams Sells 5,069 Shares
What Happened
- Benjamin Carlton Adams, Chief Legal Officer of Western Union Co. (WU), had 5,069 shares withheld by the company on Feb 24, 2026 to satisfy tax withholding obligations. The withheld shares were valued at $9.36 per share, totaling $47,446. This filing reports the shares as a disposition (code F — tax withholding), not an open-market sale.
Key Details
- Transaction date: 2026-02-24; filing date: 2026-02-26 (appears timely).
- Withheld/disposed: 5,069 shares at $9.36 per share; total value $47,446.
- Underlying award: withholding related to the vesting and settlement of 9,962 restricted stock units (first vesting installment from the RSU award granted on Feb 24, 2025). Footnote: 5,069 shares were withheld to satisfy tax obligations arising from vesting.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Transaction type: F (tax withholding) — routine withholding to cover taxes, not a market sale or purchase.
Context
- This was a cashless tax-withholding event tied to RSU vesting: the company retained shares to cover taxes rather than the insider selling shares on the open market. Such withholdings reduce the number of shares the insider ultimately receives and are common when equity awards vest; they do not necessarily signal a buy/sell judgement by the insider.