Western Union 2015 Annual Report Download - page 76

NOTICE OF 2016 ANNUAL MEETING OF STOCKHOLDERS AND PROXY STATEMENT
58 | The Western Union Company
EXECUTIVE COMPENSATION
(8) Represents restricted stock units that were granted under the 2013 Annual Incentive Plan based on the achievement of performance-based
conditions during 2013. These restricted stock units vested on February 20, 2016.
(9) Represents restricted stock units that were awarded on March 16, 2015 under the Long-Term Incentive Plan. This award vests in three
equal installments. The first installment of these restricted stock units vested on February 20, 2016 and remaining installments will vest on
February 20, 2017 and 2018; 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.
(10) Represents restricted stock units that were awarded on July 15, 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.
(11) Represents restricted stock units that were awarded on March 28, 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.
(12) These restricted stock units vested on February 7, 2016.
(13) 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.
(14) Represents performance-based restricted stock units that vested on February 20, 2016 based on the Company’s revenue and operating
income performance during the 2013-2014 performance period and the Company’s TSR performance relative to the S&P 500 Index over the
2013-2015 performance period.
(15) Represents performance-based restricted stock units that are scheduled to vest on February 19, 2018 based on the Company’s revenue and
operating income performance during 2015, 2016 and 2017; 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 maximum performance goals.
(16) Represents performance-based restricted stock units that are scheduled to vest on February 19, 2018 based on the Company’s TSR
performance relative to the S&P 500 Index over the 2015-2017 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.
(17) 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.
(18) 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.