Disclosed in a recent SEC filing, JEFFREY JOERRES, Board Member at Western Union (NYSE:WU), made a strategic move by acquiring company stock options on February 26,.
What Happened: In a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday, JOERRES, Board Member at Western Union, acquired stock options for 433,037 shares of WU. These options provide JOERRES with the right to purchase the company’s stock at $10.64 per share.
The Thursday morning update indicates Western Union shares down by 0.0%, currently priced at $10.74. At this value, JOERRES’s 433,037 shares are worth $43,260.
All You Need to Know About Western Union
Western Union provides domestic and international money transfers through its global network of about 600,000 outside agents. The company handled over 270 million transactions in 2023 and is the largest money transfer company in the world.
A Deep Dive into Western Union’s Financials
Revenue Growth: Western Union’s remarkable performance in 3 months is evident. As of 31 December, 2024, the company achieved an impressive revenue growth rate of 0.56%. This signifies a substantial increase in the company’s top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than …
