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Payments & Financial Infrastructure

The Western Union Company Executive Compensation (FY25)

WU · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Devin B. McGranahan
Latest say-on-pay support
=
May 14, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 18, 2026
15 filings cited on this page
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The Western Union Company brief$1,500Get the executive brief
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273 figures on this page: 262 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Devin B. McGranahan: $13,272,700 → $10,697,800 (19.4% lower)
Say-on-pay support: 45.5% → 97.1% (51.6 points higher)
CEO pay ratio: 403:1 → 293:1 (27.3% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is The Western Union Company's chief executive and what were they paid?
Devin B. McGranahan was paid $10,697,800 in total compensation as President and Chief Executive Officer for fiscal 2025. McGranahan's total moved 19.4% lower from the $13,272,700 reported for fiscal 2024.
What was The Western Union Company's say-on-pay result?
The say-on-pay proposal drew 97.1% of votes cast for or against in favor at the meeting held May 14, 2026 for fiscal 2025.
Which companies are in The Western Union Company's peer group?
The disclosed peer group names Bread Financial Holdings,, Broadridge Financial Solutions,, Corpay, Inc., eBay Inc. and Euronet Worldwide, Inc., among others.
What is The Western Union Company's chief executive pay ratio?
The company reported a chief executive pay ratio of 293:1 for fiscal 2025, against median employee compensation of $36,000.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Devin McGranahan
President and Chief Executive Officer
◇—◇◇◇—◇◇
Raj Agrawal
Former Chief Financial Officer
Departed during or after this year
◇—◇———◇◇
Gabriella Fitzgerald
Former President, North America
Departed during or after this year
◇◇◇—◇—◇◇
Benjamin Adams
Executive Vice President, Chief Legal Officer
◇—◇—◇—◇◇
Jean Claude Farah
President, Western Union Business Solutions
◇—◇—◇—◇◇
Matt Cagwin
Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Devin B. McGranahan
President and Chief Executive Officer
◇—◇◇◇—◇◇
Matt Cagwin
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Jean Claude Farah
President, Middle East and Asia Pacific
◇—◇—◇—◇◇
Andrew Walker
Executive Vice President, Chief Operations Officer
◇—◇—◇—◇◇
Benjamin Adams
Executive Vice President, Chief Legal Officer
◇—◇—◇—◇◇
Giovanni Angelini
President, Europe and Africa
◇◇◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Devin McGranahan
President and Chief Executive Officer
◇—◇◇◇—◇◇
Matt Cagwin
Executive Vice President, Chief Financial Officer
◇—◇◇◇—◇◇
Giovanni Angelini
President, Europe, Middle East and Africa
◇◇◇◇◇—◇◇
Andrew Walker
Executive Vice President, Chief Operations Officer
◇—◇—◇—◇◇
Benjamin Adams
Executive Vice President, Chief Legal Officer
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Devin B. McGranahan
President and Chief Executive Officer
◇—◇◇◇—◇◇
Matt Cagwin
Executive Vice President, Chief Financial Officer
◇—◇◇◇—◇◇
Benjamin Hawksworth
Executive Vice President, Chief Operating Officer
◇—◇—◇—◇◇
Giovanni Angelini
President, Europe, Middle East and Africa
◇—◇◇◇—◇◇
Benjamin Adams
Executive Vice President, Chief Legal Officer
◇—◇◇◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Benjamin AdamsOPTION◇——◇—◇◇
Benjamin HawksworthRSU◇——◇——◇
Devin McGranahanOPTION◇——◇—◇◇
Giovanni AngeliniOPTION◇——◇—◇◇
Matt CagwinOPTION◇——◇—◇◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Benjamin HawksworthOption◇—◇2/26/2034
Giovanni AngeliniOption◇—◇2/26/2034
Option◇—◇2/24/2035
Devin B. McGranahanOption◇—◇2/24/2032
Option◇—◇2/24/2035
Option◇—◇2/26/2034
Option◇—◇2/23/2033
Matt CagwinOption◇—◇2/24/2035
Option◇—◇2/26/2034
Benjamin AdamsOption◇—◇2/24/2035
Option◇—◇2/26/2034
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Benjamin Adams
Executive Vice President, Chief Legal Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Benjamin Hawksworth
Executive Vice President, Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Devin B. McGranahan
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Giovanni Angelini
President, Europe, Middle East and Africa · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Non-compete period◇
Matt Cagwin
Executive Vice President, Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeffrey A. Joerres
Board chair
◇—◇———◇
Timothy P. Murphy
◇◇————◇
Jan Siegmund
◇◇————◇
Betsy D. Holden
◇—◇——◇◇
Angela A. Sun
◇◇◇——◇◇
Michael A. Miles Jr
◇—◇———◇
Julie M. Cameron-Doe
◇—◇———◇
Solomon D. Trujillo
◇◇◇———◇
Martin I. Cole
◇◇————◇
Suzette M. Deering
◇◇————◇
Milind Pant and Devin B. McGranahan served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Rsus/Options.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Bread Financial Holdings, BFH
  • Broadridge Financial Solutions, BR
  • Corpay, Inc. CPAY
  • eBay Inc. EBAY
  • Euronet Worldwide, Inc. EEFT
  • Fidelity National Information FIS
  • Fiserv, Inc. FI
  • Genpact Limited G
  • Global Payments Inc. GPN
  • Jack Henry & Associates, Inc. JKHY
  • NCR Atleos Corporation NATL
  • Paychex, Inc. PAYX
  • Rocket Companies, Inc. RKT
  • SS&C Technologies Holdings, SSNC
  • WEX Inc. WEX

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 14, 2026=◇◇◇
2024May 15, 2025=◇◇◇
2023May 17, 2024=◇◇◇
2022May 12, 2023=◇◇◇
2021May 19, 2022=◇◇◇
2020May 14, 2021=◇◇◇
2019May 14, 2020=◇◇◇
2018May 17, 2019=◇◇◇
2017May 18, 2018=◇◇◇
2016May 11, 2017=◇◇◇
2015May 12, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- Devin B. McGranahan (President and Chief Executive Officer), FY2025 total compensation $10,697,800 (base salary $1,000,000) [exec_comp, SEC accession 0001206774-26-000167, filed 2026-03-31]

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What this page does not include

Everything above is a fact The Western Union Company disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where The Western Union Company sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
273 figures on this page: 262 cited to the filing that reported them, 11 calculated from figures it prints.
262 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-229030
  2. 0001206774-26-000167
    2025 Grants Of Plan-Based Awards Table · 2025 Outstanding Equity Awards At Fiscal Year-End Table · 2025 Summary Compensation Table · CEO Pay Ratio · and 2 more sections
  3. 0000950170-25-073532
  4. 0001206774-25-000176
    2024 Summary Compensation Table
  5. 0000950170-24-063489
  6. 0001206774-24-000329
  7. 0000950170-23-023020
  8. 0001206774-23-000419
    2022 Summary Compensation Table
  9. 0000950170-22-010579
  10. 0001558370-21-007496
  11. 0001558370-20-006797
  12. 0001558370-19-005205
  13. 0001365135-18-000024
  14. 0001365135-17-000021
  15. 0001365135-16-000080
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Velarion, “The Western Union Company executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/WU (accessed 2026).
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15 filings cited on this page
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Payments & Financial Infrastructure rankings

Chief executive pay — Payments & Financial InfrastructureCEO pay ratio — Payments & Financial InfrastructureSay-on-pay support — Payments & Financial Infrastructure

Peers The Western Union Company discloses

The companies named in WU's own disclosed peer group.

Bread Financial Holdings,Broadridge Financial Solutions,Corpay, Inc.eBay Inc.Euronet Worldwide, Inc.Fidelity National InformationGenpact LimitedGlobal Payments Inc.Jack Henry & Associates, Inc.NCR Atleos CorporationPaychex, Inc.Rocket Companies, Inc.SS&C Technologies Holdings,WEX Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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