Matthew Cagwin, born in 1975, is currently the CEO of Western Union, a position he has held since January 2023 after serving as Interim CFO. He quickly moved through the ranks at Western Union, beginning as the Head of Business...

Current Market Cap

$3.64B

Number of Employees

9K

Total Compensation

2022 - 2023

Trending down by -19.69% last year
Showing total compensation for the last 2022 - 2023

Stock

Down by -100.00% last year

Salary

Up by 123.88% last year

Bonus

Up by 0.00% last year

Other

Down by -100.00% last year

Year

2023

Total Compensation

$1.16M

Salary

$525.00K

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with stockholder interests, and retaining top talent through competitive compensation packages.

Bonus

$635.30K

Board Justification

The bonus is based on the Annual Incentive Plan, which includes performance metrics related to financial, strategic, and compliance goals, with a potential payout ranging from 0% to 200% of the target based on achievement levels. For 2023, the final bonus was determined to be 110% of the target due to performance results.

Other

$0.00

Board Justification

Restricted Stock

$0.00(63.94K RSU)

Board Justification

The vested stock consists of restricted stock units (RSUs) that vest in one-third annual increments based on continued service. The value of the RSUs is dependent on the stock price over the vesting period.

Performance Metrics

The performance metrics for the 2023 compensation include adjusted revenue growth, adjusted EPS, and strategic performance objectives related to customer retention and growth.

SEC Filing

From April 2, 2024

Matthew Cagwin

CEO of Western Union

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Education

N/A

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1975 - 49 years ago

Is Founder?

No

Current Tenure

2 years 2 months (Sep 2022 - Present)

Previous Experience

Various positions in financial planning and analysis

View Holdings

Insider Holdings of Matthew Cagwin

WU

$1.79M

$290.43K (19.43%)

Last Insider Trade

WU

55,665 shares

WU

Feb 26, 2024

Received