Angelini Giovanni 4/A
Research Summary
AI-generated summary
Western Union (WU) Giovanni Angelini Receives Equity Awards
What Happened
- Giovanni Angelini, President, Europe, Africa and MEPA for Western Union (WU), was granted a total of 296,911 equity awards on March 2, 2026: 65,377 RSUs, 39,226 RSUs, and 192,308 derivative awards (an option). All awards show an acquisition price of $0.00 (typical for compensation grants). These are grants/awards, not open-market purchases or sales, and vest over future years per the award terms.
Key Details
- Transaction date: March 2, 2026; Form 4 originally filed March 4, 2026 and amended March 11, 2026 to correct underreported RSU counts.
- Acquisition price: $0.00 for all awards (compensation grants).
- Aggregate awards: 296,911 units (65,377 + 39,226 + 192,308).
- Shares owned after transaction: Not specified in the amended filing.
- Footnotes / vesting:
- F1 (65,377 RSUs): performance-based RSUs vest in full on March 2, 2029, subject to continued employment and award terms.
- F2 (39,226 RSUs): RSUs vest in three substantially equal installments on March 2, 2027, 2028 and 2029, subject to continued employment.
- F3 (192,308 derivative): an option award that vests in four substantially equal installments on March 2, 2027, 2028, 2029 and 2030, subject to continued employment.
- Amendment note: The filing is an amendment to correct an earlier underreporting of RSU amounts due to a clerical error.
Context
- These are compensation awards with multi-year vesting schedules, so they do not represent immediate purchases or sales. Derivative awards (the option) will vest over time and may require exercise before any shares are delivered. The amendment fixes reporting accuracy; it does not change the nature of the awards.