Form 4: Western Union Executive Cherie Axelrod Reports Changes in Beneficial Ownership

Cherie Axelrod, Chief Enterprise Risk Officer at Western Union, reports the acquisition and disposal of common stock, resulting in a net beneficial ownership of 77,637 shares.

Summary

• Cherie Axelrod, Chief Enterprise Risk Officer of Western Union, filed a Form 4 detailing changes in her beneficial ownership of the company's common stock.
• On February 22, 2025, she disposed of 1,952 shares at a price of $10.66.
• On February 23, 2025, she acquired 4,578 shares upon the settlement of performance-based restricted stock unit awards granted on February 23, 2022.
• Also on February 23, 2025, she disposed of 1,041 shares and 2,017 shares, both at a price of $10.66.
• Following these transactions, Axelrod's total beneficial ownership of Western Union common stock is 77,637 shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of 4,578 shares indicates a vesting of performance-based restricted stock units, suggesting the achievement of certain performance goals.

Industry Context

Form 4 filings are standard practice for corporate insiders to report their transactions in company stock, providing transparency to the market.

Comparison to Industry Standards

• Form 4 filings are a regulatory requirement for all publicly traded companies in the United States, ensuring transparency of insider transactions.
• Companies like MoneyGram and Remitly, which are also in the money transfer business, have similar insider transaction reporting requirements.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates