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Payments & Financial Infrastructure

The Western Union Company Executive Compensation (FY25)

WU · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 18, 2026
240 figures on this page: 229 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Devin B. McGranahan was paid $10,697,800 in total compensation as President and Chief Executive Officer for fiscal 2025, and the company reported a chief executive pay ratio of 293:1 for fiscal 2025, against median employee compensation of $36,000. Meanwhile, 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. Separately, the disclosed peer group names Bread Financial Holdings,, Broadridge Financial Solutions,, Corpay, Inc., eBay Inc. and Euronet Worldwide, Inc., among others. The fiscal 2025 disclosure covers 5 named executive officers.
Chief executive, fiscal 2025
◇
Devin B. McGranahan
Latest say-on-pay support
=
May 14, 2026
Chief executive pay ratio
◇
To the median employee
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: $13,273 → $10,697,800
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 up from the $13,273 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
◇—◇◇◇—◇◇
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
Giovanni Angelini
President, Europe, Middle East and Africa
◇◇◇◇◇—◇◇
Devin McGranahan
President and Chief Executive Officer
◇—◇◇◇—◇◇
Matt Cagwin
Executive Vice President, Chief Financial 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 HawksworthPSU◇— withheld◇—◇—◇
Devin McGranahanOPTION◇——◇—◇◇
Giovanni AngeliniOPTION◇——◇—◇◇
Matt CagwinOPTION◇——— withheld—◇◇
Fiscal 2023 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
Giovanni AngeliniOption◇—◇2/24/2035
RSU◇◇——
Benjamin HawksworthOption◇—◇2/26/2034
RSU◇◇——
Matt CagwinOption◇—◇2/24/2035
RSU◇◇——
Devin McGranahanOption◇—◇2/24/2035
RSU◇◇——
RSU◇◇——
Option◇—◇2/26/2034
Option◇—◇2/23/2033
Option◇—◇2/24/2032
Benjamin AdamsOption◇—◇2/24/2035
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

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
◇—◇———◇
Solomon D. Trujillo
◇◇◇———◇
Julie M. Cameron-Doe
◇—◇———◇
Martin I. Cole
◇◇————◇
Suzette M. Deering
◇◇————◇
Devin B. McGranahan and Milind Pant 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◇

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. FISV
  • Genpact Limited G
  • Global Payments Inc. GPN
  • Jack Henry & Associates, Inc. JKHY
  • NCR Atleos Corporation NATL
  • Paychex, Inc. PAYX
  • Rocket Companies, Inc. RKT
  • Services, Inc. symbol not shown
  • 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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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.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
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.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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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.
240 figures on this page: 229 cited to the filing that reported them, 11 calculated from figures it prints.
229 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 · CEO Pay Ratio · Compensation Of Directors
  3. 0000950170-25-073532
  4. 0001206774-25-000176
  5. 0000950170-24-063489
  6. 0001206774-24-000329
  7. 0000950170-23-023020
  8. 0001206774-23-000419
  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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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.Euronet Worldwide, Inc.Fidelity National InformationGlobal Payments Inc.Jack Henry & Associates, Inc.SS&C Technologies Holdings,WEX Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
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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