secwatch.observer — SEC 8-K summary
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Issuer:     Western Union CO (WU)
CIK:        0001365135
Form:       8-K
Filed at:   2021-11-15T23:59:59+00:00
Accession:  0001193125-21-329036
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Western Union appoints Devin McGranahan as CEO, replacing Hikmet Ersek effective Dec 31, 2021
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- McGranahan joins from Fiserv, where he was EVP & Senior Group President, Global Business Solutions.
- Compensation includes $1M base salary, 170% target bonus, and LTI target no less than $8M annually.
- Sign-on package: $6.5M RSUs, $6.6M stock options, and $1M cash bonus to replace forfeited compensation.
- Ersek to serve as special advisor through June 30, 2022, with continued salary and benefits.
- Ersek retires after 21 years at Western Union, including 11 as CEO; board thanks him.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1365135/000119312521329036/0001193125-21-329036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1365135/000119312521329036/d239197d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-329036

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