Western Union 2014 Annual Report Download - page 83

65 | The Western Union Company – Proxy Statement
NOTICE OF 2015 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
Executive Compensation PROXY STATEMENT
(14) Represents restricted stock units that vested on February 23, 2015.
(15) Represents restricted stock units that were awarded on March 17, 2014, and vest in 25% increments on each of
the first through fourth year anniversaries of the date of grant; provided that the executive is still employed by the
Company on the applicable vesting date or as otherwise provided for pursuant to the Executive Severance Policy.
(16) Represents restricted stock units that were awarded on April 26, 2012, and scheduled to vest on April 26, 2015;
provided the executive is still employed on the vesting date or as otherwise provided pursuant to the Executive
Severance Policy.
(17) Represents restricted stock units that were awarded on February 20, 2014, and vest in 25% increments on each of
the first through fourth year anniversaries of the date of grant; provided that the executive is still employed by the
Company on the applicable vesting date or as otherwise provided for pursuant to the Executive Severance Policy.
(18) Represents performance-based restricted stock units that are scheduled to vest on February 20, 2017 based on the
Company’s revenue and operating income performance during 2014, 2015 and 2016, provided that the executive is
still employed by the Company on the vesting date or as otherwise provided for pursuant to the Executive Severance
Policy. In accordance with the SEC executive compensation disclosure rules, the amounts reported in this column are
based on achieving the target performance goals.
(19) Represents performance-based restricted stock units that are scheduled to vest on February 20, 2017 based on the
Company’s TSR performance relative to the S&P 500 Index over the 2014-2016 performance period, provided that
the executive is still employed by the Company on the applicable vesting date or as otherwise provided for pursuant
to the Executive Severance Policy. In accordance with the SEC executive compensation disclosure rules, the amounts
reported in this column are based on achieving target vesting levels.
(20) Represents performance-based restricted stock units that are scheduled to vest on February 20, 2016; provided that
the executive is still employed by the Company on the vesting date or as otherwise provided for pursuant to the
Executive Severance Policy. The amounts reported represent the initial payout level for these performance-based
restricted stock units and was determined based on the Company’s revenue and operating income performance
during the 2013-2014 performance period. The final payout level of these performance-based restricted stock
units will be determined after the conclusion of the 2013-2015 performance period based on the Company’s TSR
performance relative to the S&P 500 Index over that period.