Western Union 2015 Annual Report Download - page 14
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ii | The Western Union Company
NOTICE OF 2016 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
PROXY SUMMARY
INFORMATION ABOUT OUR BOARD (PAGE 6)
92%
INDEPENDENT
12
MEMBERS
50%
CEO EXPERIENCE
75%
REGULATED
INDUSTRY/
GOVERNMENT
EXPERIENCE
92%
GLOBAL
OPERATIONS
EXPERIENCE
42%
DIVERSITY
GOVERNANCE HIGHLIGHTS (PAGE 15)
✓ Annual Election of Directors
✓ Proxy Access
✓ Majority Vote Standard in Uncontested Elections
✓ Stockholder Right to Call Special Meetings
✓ No Stockholder Rights Plan (“Poison Pill”)
✓ No Supermajority Voting Provisions in the Company’s Organizational Documents
✓ Independent Board, except our Chief Executive Officer
✓ Independent Non-Executive Chairman
✓ Independent Board Committees
✓ Confidential Stockholder Voting
✓ Committee Authority to Retain Independent Advisors
✓ Robust Codes of Conduct
✓ Stock Ownership Guidelines for Senior Executives and Directors
✓ Prohibition Against Pledging and Hedging of Company Stock by Senior Executives and Directors
✓ Stockholder Engagement
CORE COMPONENTS OF 2015 EXECUTIVE COMPENSATION (PAGE 41)
• Base Salary - Fixed compensation component payable in cash
• Annual Incentive Awards - Variable compensation component payable in cash based on performance against annually established
performance objectives
• Performance-Based Restricted Stock Units (“PSUs”) - Restricted stock units that vest based on the Company’s achievement of
financial performance objectives and standalone restricted stock units that vest based on the Company’s relative total shareholder
return (“TSR“) versus the Standard & Poor’s 500 Index (“S&P 500 Index”)
• Stock Options - Nonqualified stock options granted with an exercise price at fair market value on the date of grant that expire
10 years after grant and become exercisable in 25% annual increments over a four-year vesting period
• Restricted Stock Units - Restricted stock units that generally vest in 25% annual increments over a four-year vesting period