Western Union 2015 Annual Report Download - page 43

2016 Proxy Statement | 25
NOTICE OF 2016 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
COMPENSATION OF DIRECTORS
The following table provides information regarding the compensation of our outside directors for 2015. Mr. Ersek, our President
and Chief Executive Officer, does not receive additional compensation for his service as a director.
2015 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)
Martin I. Cole(6) 48.6 32.4 32.4 25.0 138.4
Dinyar S. Devitre(6) 44.5 140.0 —21.3 205.8
Richard A. Goodman 120.0 140.0 —25.0 285.0
Jack M. Greenberg 125.0 180.0 180.0 21.5 506.5
Betsy D. Holden 120.0 140.0 —15.0 275.0
Jeffrey A. Joerres(6) 66.1(1) 44.3 44.3 —154.7
Linda Fayne Levinson 105.0 140.0 — — 245.0
Roberto G. Mendoza 105.0 70.0 70.0 —245.0
Michael A. Miles, Jr. 105.0(1) 140.0 — — 245.0
Robert W. Selander 120.9(1) 70.0 70.0 —260.9
Frances Fragos Townsend 120.0(1) 105.0 35.0 —260.0
Solomon D. Trujillo 101.3 70.0 70.0 —241.3
Footnotes:
(1) Mr. Joerres, Mr. Miles, Mr. Selander, and Ms. Fragos Townsend elected to receive their annual retainer fees for 2015 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, 2015
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, 2015 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 2015. 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 2015 on behalf of the following directors: Messrs. Cole,
Devitre, Greenberg and Goodman 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.