Boardroom Alpha
Meeting calendar
WU · Annual meeting · Thursday, May 14, 2026

Western Union Co

12 nominees · 5 ballot items.

Election of twelve directors; advisory (say-on-pay) approval of executive compensation; ratification of Ernst & Young LLP as independent auditors; approval of the 2026 Employee Stock Purchase Plan (ESPP); and a stockholder proposal to permit stockholder action by written consent.

Market cap
$2.6B
1Y TSR
+1.1%
Board grade
D
Record date
Mar 17, 2026
Filing
DEF 14A
Meeting concluded · May 14, 2026

Follow how the vote landed and what changed on Western Union Co’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.

Proposals

On the ballot5

  1. 1

    Election of Directors

    ManagementBoard: FOR

    Elect the twelve director nominees named in the proxy to serve one-year terms until the 2027 Annual Meeting.

  2. 2

    Advisory Vote to Approve Executive Compensation (Say-on-Pay

    ManagementBoard: FOR

    Non-binding, advisory vote to approve the compensation of the Company’s named executive officers as disclosed in the proxy statement.

    More detail

    This advisory proposal asks stockholders to approve, on a non-binding basis, the compensation of the Company’s named executive officers as disclosed in the Compensation Discussion and Analysis and related tables. Management seeks this vote annually to confirm stockholder support for its executive compensation framework, which emphasizes pay-for-performance, a heavy weighting toward at-risk and equity-based compensation, and multi-year performance metrics tied to the Company’s strategic transformation. The Committee responded to a 46% support outcome in 2025 with enhanced stockholder engagement, eliminated above-target/one-time CEO awards in 2025, adjusted incentive designs for 2026 to remove overlapping metrics, and improved proxy disclosures to increase transparency. The Board recommends a FOR vote arguing the program aligns management incentives with long-term shareholder value creation and retention through PSUs, RSUs and performance metrics including adjusted revenue, EPS, consumer services growth, and TSR modifiers. Critics historically cited concerns about perceived one-time grants and pay-for-performance alignment; management’s recent changes were intended to address those issues. While advisory, the outcome guides the Compensation Committee on future program adjustments and disclosures; a negative vote typically triggers further engagement and potential design changes. Institutional investors will weigh the Company’s recent governance responsiveness, the Committee’s changes, and ongoing business performance in deciding their vote. Overall, the proposal is governance-focused rather than transaction-specific and reflects routine annual stockholder oversight of executive pay.

  3. 3

    Ratification of Selection of Ernst & Young LLP as Independent Registered Public Accounting Firm for 2026

    ManagementBoard: FOR

    Ratify the Board and Audit Committee’s selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for the 2026 fiscal year.

  4. 4

    Approval of The Western Union Company 2026 Employee Stock Purchase Plan (ESPP

    ManagementBoard: FOR

    Approve the adoption of the Company’s 2026 ESPP, which authorizes issuance of up to 3,000,000 shares and provides employees the ability to purchase stock via payroll deductions plus receive matching RSUs.

  5. 5

    Stockholder Proposal Regarding Stockholder Right To Act By Written Consent

    Shareholder — John CheveddenBoard: AGAINST

    A stockholder proposal requesting the Board to permit stockholders entitled to cast the minimum number of votes necessary to authorize an action at a meeting to act by written consent without unnecessary restrictions.

    More detail

    The proponent requests that the Board enable stockholders holding the minimal votes needed to take action at a meeting to instead effect that action by written consent, removing restrictions such as minimum holding periods and the method of share ownership. The core argument is that written consent would give shareholders a faster, complementary tool to special meetings for presenting proposals or removing directors when the company underperforms; the proponent cites Western Union’s recent operating and stock-price headwinds as evidence of urgency. Management counters that the Company already provides robust stockholder rights—annual director elections with majority standard, proxy access, and a 10% special meeting threshold implemented after prior engagement—and that written consent can produce confusion, duplicate or contradictory solicitations, and deprive shareholders of transparent, well-informed debate. Board opposition cites historical stockholder votes (limited prior support) and engagement feedback favoring a lowered special-meeting threshold rather than written consent; it also emphasizes market practice among large companies and the protections of in-person or proxy-vote meetings. The governance debate centers on balancing faster shareholder remedies and coordination risks in a widely held public company; the Company favors engagement and existing mechanisms while proponents favor adding written consent as an additional tool. Given the Company’s prior changes to governance (10% special meeting threshold) and ongoing investor outreach, the proposal’s adoption would mark a material change to stockholder procedure and could alter how shareholder activism and board accountability operate at Western Union.

Director elections

Nominees on the ballot12

Independent
Tenure on this board
11.6 yrs
Also a director at
Western Digital Corp (WDC)
Independent
Tenure on this board
0.3 yrs
Also a director at
Joint Corp (JYNT)
Independent
Tenure on this board
24.5 yrs
Also a director at
Dentsply Sirona Inc (XRAY)Nnn REIT Inc (NNN)Kenvue Inc (KVUE)
Independent
Tenure on this board
6.6 yrs
Also a director at
Marsh & Mclennan Companies Inc (MRSH)
Independent
Tenure on this board
11.5 yrs
Also a director at
Artisan Partners Asset Management Inc (APAM)Conocophillips (COP)
Independent
Tenure on this board
8.0 yrs
Also a director at
Cushman & Wakefield Ltd (CWK)
Ownership

Top institutional holders10

Latest 13F quarter
1VANGUARD PORTFOLIO MANAGEMENT LLC5.8%18,080,563$158M
2SCHRODER INVESTMENT MANAGEMENT GROUP5.3%16,699,725$146M
3BlackRock, Inc.5.2%16,373,094$143M
4Capital Research Global Investors4.7%14,646,547$128M
5VANGUARD CAPITAL MANAGEMENT LLC4.5%14,187,010$124M
6STATE STREET CORP3.6%11,282,347$98M
7CHARLES SCHWAB INVESTMENT MANAGEMENT INC3.5%10,957,104$96M
8AQR CAPITAL MANAGEMENT LLC3.4%10,683,539$93M
9LSV ASSET MANAGEMENT3.2%10,017,734$87M
10Allianz Asset Management GmbH2.9%9,137,212$80M
Filings

Recent key filings

Periodic reports
Definitive proxies
Reference

Frequently asked questions

When is the Western Union Co 2026 annual meeting?
Western Union Co (WU) holds its 2026 annual shareholder meeting on Thursday, May 14, 2026.
What is the record date for the Western Union Co 2026 meeting?
The record date for the Western Union Co 2026 meeting is Tuesday, March 17, 2026. Shareholders of record on or before that date are eligible to vote.
Who are the director nominees for Western Union Co's 2026 meeting?
The board is presenting 12 director nominees at the Western Union Co 2026 meeting, listed with their independence status and background.
What proposals will shareholders vote on at the Western Union Co 2026 meeting?
Shareholders will vote on 5 proposals at the Western Union Co 2026 meeting, each tagged with who proposed it and the board's recommendation.
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