Western Union CO·4

Feb 27, 5:56 PM ET

McGranahan Devin 4

Research Summary

AI-generated summary

Updated

Western Union CEO Devin McGranahan Sells 22,055 Shares

What Happened
Devin McGranahan, CEO, President and a director of Western Union (WU), had 22,055 shares withheld by the company on February 26, 2026 to satisfy tax withholding obligations. The shares were valued at $9.53 each, for a total of $210,184. This was not an open-market sale but a tax-withholding disposition tied to the vesting of restricted stock units (RSUs).

Key Details

  • Transaction date: 2026-02-26; Filing date: 2026-02-27 (timely filing).
  • Shares withheld/disposed: 22,055 at $9.53 per share; total value $210,184.
  • Reason: Tax withholding (transaction code F) in connection with the vesting and settlement of 49,479 RSUs (the second vesting installment from a grant on Feb 26, 2024).
  • Withholding rate: roughly 44.6% of the vested RSUs were withheld to cover taxes.
  • Shares owned after transaction: not specified in this Form 4.
  • No indication this was a market sale or indicative of a trading plan — it’s a routine tax withholding event.

Context
Tax-withholding dispositions like this are common when RSUs vest: companies often withhold a portion of the vested shares to cover required payroll and income taxes. These transactions are administrative and don’t necessarily signal the insider’s view of the company’s prospects.