Western Union 2013 Annual Report Download - page 43

Compensation of Directors PROXY STATEMENT
25 | The Western Union Company – Proxy Statement
NOTICE OF 2014 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
Compensation of Directors
The following table provides information regarding the compensation of our outside directors for 2013. Hikmet Ersek,
our President and Chief Executive Officer, does not receive additional compensation for his service as a director. Since
January 1, 2011, our outside directors have not received an increase in their annual Board retainer or annual equity
grant value.
2013 DIRECTOR COMPENSATION
Name
Fees Earned or
Paid in Cash
($000)
Stock
Awards
($000)
(2)
Option
Awards
($000)
(3)
All Other
Compensation
($000)(4)
Total
($000)(5)
Jack M. Greenberg 125.0 175.0 175.0 15.0 490.0
Dinyar S. Devitre 120.0 — 130.0 25.0 275.0
Richard A. Goodman 110.0 65.0 65.0 25.0 265.0
Betsy D. Holden 110.0 130.0 — 28.0 268.0
Linda Fayne Levinson 95.0 130.0 — 25.0 250.0
Roberto G. Mendoza 95.0 65.0 65.0 — 225.0
Michael A. Miles, Jr. 95.0(1) 130.0 — 25.0 250.0
Wulf von Schimmelmann 85.0 130.0 — — 215.0
Frances Fragos Townsend(6) 29.3 22.6 22.6 — 74.5
Solomon D. Trujillo 85.0 65.0 65.0 — 215.0
Footnotes:
(1) Mr. Miles elected to receive his annual retainer fees for 2013 in the form of equity compensation as described
below under “-Equity Compensation.”
(2) The amounts in this column represent the value of stock units granted to each director as annual equity grants.
Stock awards consist of fully vested stock units that are settled in shares of Common Stock and may be subject to a
deferral election consistent with Internal Revenue Code Section 409A. The amounts shown in this column are valued
based on the aggregate grant date fair value computed in accordance with Financial Accounting Standards Board
Accounting Standards Codification Topic 718, Compensation—Stock Compensation (“FASB ASC Topic 718”). See
Note 16 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended
December 31, 2013 for a discussion of the relevant assumptions used in calculating these amounts.
(3) The amounts in this column represent the value of options granted to each director as annual equity grants. The
amounts shown in this column are valued based on the aggregate grant date fair value computed in accordance
with FASB ASC Topic 718. See Note 16 to the Consolidated Financial Statements included in our Annual Report on
Form 10-K for the year ended December 31, 2013 for a discussion of the relevant assumptions used in calculating
these amounts.
(4) All Other Compensation represents matches under the Company’s gift matching program that the Company made
in 2013. Outside directors are eligible to participate in the Company’s gift matching program on the same terms as
Western Union’s executive officers and employees. As noted below, contributions made or directed to be made to
an eligible organization, up to an aggregate amount of $25,000 per calendar year, will be matched by the Company.
Matching contributions to various charities were made in 2013 on behalf of the following directors: Messrs. Devitre,
Goodman, Greenberg and Miles and Ms. Holden and Ms. Fayne Levinson. Contributions up to $100,000 per calendar
year that a director makes to The Western Union Foundation without designating a recipient organization will be
matched by the Company $2 for $1 contributed. In 2013, a match of $3,000 was made by the Company to The
Western Union Foundation on behalf of Ms. Holden.