McGranahan Devin 4
4 · Western Union CO · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Western Union CEO Devin McGranahan Withholds 26,532 Shares for Taxes
What Happened
Devin McGranahan, CEO & President and a director of Western Union (WU), had 26,532 shares withheld by the company on Feb 24, 2026 to satisfy tax withholding obligations tied to the vesting and settlement of restricted stock units (RSUs). The withheld shares were valued at $9.36 each, totaling about $248,340. This was a tax-withholding/net-settlement action, not an open-market sale.
Key Details
- Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (filed within the typical two-business-day window).
- Withheld shares: 26,532 at $9.36 per share; total value ≈ $248,340.
- RSUs vested: 59,524 (first vesting installment from the RSU award granted Feb 24, 2025).
- Net shares delivered to McGranahan from this vesting: 59,524 − 26,532 = 32,992 shares.
- Transaction code F = shares withheld to satisfy tax withholding; routine administrative action.
- Filing does not disclose total beneficial ownership after the transaction.
Context
This was a withholding of shares to cover tax obligations on RSU vesting (a common, routine corporate practice), not a market sale indicating a change in insider sentiment. For RSU settlements, companies often retain (withhold) a portion of vested shares to pay required taxes, and the remainder is delivered to the insider.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-24$9.36/sh−26,532$248,340→ 1,088,784 total
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 59,524 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.