In 2023, Matthew Cagwin earned $1.16M in total compensation at Western Union, including $525.00K salary and $635.30K bonus. Most recently acquired 55,665 shares in Feb 2024. Currently holds stock worth $2.04M. 3+ years at the helm of Western Union.
Compensation History
Annual executive compensation data for Matthew Cagwin, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$1.16M
Salary
$525.00K
Bonus
$635.30K
Other
$0.00
Salary
$525.00KBoard Justification
The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with stockholder interests, and retaining top talent through competitive compensation packages.
Bonus
$635.30KBoard 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 Compensation
$0.00Board Justification
Restricted Stock
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.
Matthew Cagwin
CEO of Western Union
Education
N/A
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
January 1, 1975 - 50 years ago
CEO of Western Union for
3 years 3 months (Sep 2022 - Present)
Previous Experience
Various positions in financial planning and analysis
Other Western Union CEOs
Holdings
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Insider Trading
Matthew Cagwin's recent stock transactions, purchases, and sales filed with the SEC.
55,665 shares
WU
Feb 26, 2024
Received
63,941 shares
WU
Feb 22, 2023
Received
Rivals
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