Western Union 2014 Annual Report Download - page 44

Compensation of Directors PROXY STATEMENT
The Western Union Company – Proxy Statement | 26
NOTICE OF 2015 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
Compensation of Directors
The following table provides information regarding the compensation of our outside directors for 2014. Mr. Ersek, our
President and Chief Executive Officer, does not receive additional compensation for his service as a director.
2014 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 19.6 494.6
Dinyar S. Devitre 115.4 130.0 —23.4 268.8
Richard A. Goodman 110.0 65.0 65.0 25.0 265.0
Betsy D. Holden 110.0 130.0 —30.0 270.0
Linda Fayne Levinson 95.0 130.0 — — 225.0
Roberto G. Mendoza 95.0 65.0 65.0 —225.0
Michael A. Miles, Jr. 95.0(1) 130.0 —9.5 234.5
Wulf von Schimmelmann(6) 32.0 130.0 —1.0 163.0
Robert W. Selander(6) 38.8(1) 29.9 29.9 25.0 123.6
Frances Fragos Townsend 96.5 65.0 65.0 —226.5
Solomon D. Trujillo 85.0 65.0 65.0 —215.0
Footnotes:
(1) Mr. Miles and Mr. Selander elected to receive their annual retainer fees for 2014 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, 2014 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, 2014 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 2014. 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 2014 on behalf of the following directors:
Messrs. Greenberg, Devitre, Goodman, Miles and Selander and Ms. Holden. 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 every $1 contributed. The charitable contributions made by Ms. Holden
represent matches made by the Company in 2014 with respect to charitable contributions made by Ms. Holden in
2014 and 2013.