Axelrod Cherie 4/A
4/A · Western Union CO · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Western Union (WU) Cherie Axelrod Receives Award
What Happened
Cherie Axelrod, Chief Enterprise Risk Officer at Western Union (WU), was granted a total of 69,562 restricted stock units (RSUs) on March 2, 2026. The awards consist of 41,737 performance-based RSUs (vests in full on March 2, 2029) and 27,825 time-based RSUs (vests in three substantially equal installments on March 2, 2027, 2028 and 2029). The grants were reported at $0.00 per share (award grant), so no cash was paid for these shares at grant.
Key Details
- Transaction date: March 2, 2026 (reported via an amended Form 4 filed March 11, 2026). Transaction code: A (award/grant).
- Award breakdown: 41,737 performance-based RSUs (vest 3/2/2029) and 27,825 time-based RSUs (vest 3/2/2027–3/2/2029).
- Reported acquisition price: $0.00 (standard for RSU grants); reported cash value at grant: $0.
- Shares owned after transaction: Not disclosed in the amended filing.
- Footnotes: F1 = performance-based RSUs vesting in full on 3/2/2029; F2 = RSUs vesting in three substantially equal installments on 3/2/2027, 2028, 2029, each subject to continued employment and award agreement termination provisions.
- Filing status: This is an amendment filed to correct an earlier Form 4 (the March 4, 2026 filing had inadvertently overreported the number of RSUs).
Context
These awards are restricted stock units that vest over time (and, for a portion, based on performance). RSU grants do not involve an immediate purchase or sale of stock and do not by themselves indicate a decision to buy or sell shares on the open market. The amended filing corrects the reported grant quantity; the underlying awards remain subject to standard vesting and employment conditions.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-02+41,737→ 151,576 total - Award
Common Stock
[F2]2026-03-02+27,825→ 179,401 total
Footnotes (2)
- [F1]Represents a grant of performance-based restricted stock unit awards which vests in full on March 2, 2029, subject to the reporting person's continued employment with the Company and any applicable termination provisions contained in the award agreement.
- [F2]Represents a restricted stock unit award which vests in three substantially equal installments on March 2, 2027, 2028, and 2029, subject to the reporting person's continued employment with the Company and any applicable termination provisions contained in the award agreement.