Matthew Cagwin, born in 1975, is currently the CEO of Western Union, a position he has held since January 2023 after serving as Interim CFO. He quickly moved through the ranks at Western Union, beginning as the Head of Business...

Matthew Cagwin, born in 1975, is currently the CEO of Western Union, a position he has held since January 2023 after serving as Interim CFO. He quickly moved through the ranks at Western Union, beginning as the Head of Business Unit Financial Planning and Analysis shortly after joining in July 2022. Before his time at Western Union, Cagwin had significant roles at Fiserv and First Data Corporation, where he honed his skills in finance and management. His compensation for 2023 was around $1.18 million, including a base salary of $525,000 and a performance-based bonus. The bonus reflects performance in finance and strategic goals, showing that he's not just about numbers on a spreadsheet but also about driving the company's success. This experience gives Cagwin a well-rounded view of finance, focusing on growth and strategic execution. He's about results, balancing immediate metrics with long-term strategy.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Western Union CEOs

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Matthew Cagwin

CEO of Western Union

Education

N/A

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1975 - 50 years ago

CEO of Western Union for

2 years 9 months (Sep 2022 - Present)

Previous Experience

Various positions in financial planning and analysis

Rivals

Competitors/colleagues of Matthew Cagwin

P

Alex Chriss

CEO of PayPal Holdings, Inc.

2023 Compensation

Stock

$0.00

Salary

$302.89K

Bonus

$0.00

Other

$311.84K

Total Holdings

$11.94M

Holdings

See how much did Matthew Cagwin make over time.

Matthew Cagwin has quite a bit invested in his work at Western Union. As of 2023, he received approximately $63,941 in vested stocks, showcasing his financial commitment to the company’s success. The years leading up to his current position saw...

Matthew Cagwin has quite a bit invested in his work at Western Union. As of 2023, he received approximately $63,941 in vested stocks, showcasing his financial commitment to the company’s success. The years leading up to his current position saw changes in his wealth tied closely to the performance of these stocks. His compensation includes a substantial base salary and a bonus system that rewards excellent performance, underscoring how important it is for him to align with the company’s market value. In 2022, his total compensation was higher at $1.39 million, primarily due to stock value increases. It’s clear that Cagwin has seen fluctuations in his holdings, with a notable drop in stock value from the previous year, emphasizing the nature of investments in competitive markets.

Insider Trading

See recent insider trades of Matthew Cagwin.

WU

55,665 shares

WU

Feb 26, 2024

Received

WU

63,941 shares

WU

Feb 22, 2023

Received

Compensation History

See how much did Matthew Cagwin make over time.

In 2023, Matthew Cagwin's total compensation was reported at about $1.18 million. This includes his base salary of $525,000 and a performance bonus of $635,300, highlighting how his pay is tied directly to the company's success. The bonus was set at 110% of the target based on performance metrics related to financial and strategic goals. His locker bush, which includes restricted stock units (RSUs), means his earnings are also influenced by the company's stock price over time. In contrast, his 2022 earnings reached around $1.39 million, mainly due to significant vested stocks valued at over $1 million, pushing him to focus more on driving results and less on short-term gains. His compensation philosophy aligns performance with shareholder interests, making his role pivotal to Western Union's financial future.

Year

2023

Total Compensation

$1.16M

Salary

$525.00K

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with stockholder interests, and retaining top talent through competitive compensation packages.

Bonus

$635.30K

Board Justification

The bonus is based on the Annual Incentive Plan, which includes performance metrics related to financial, strategic, and compliance goals, with a potential payout ranging from 0% to 200% of the target based on achievement levels. For 2023, the final bonus was determined to be 110% of the target due to performance results.

Other

$0.00

Board Justification

Restricted Stock

$0.00(63.94K RSU)

Board Justification

The vested stock consists of restricted stock units (RSUs) that vest in one-third annual increments based on continued service. The value of the RSUs is dependent on the stock price over the vesting period.

Performance Metrics

The performance metrics for the 2023 compensation include adjusted revenue growth, adjusted EPS, and strategic performance objectives related to customer retention and growth.

Other Western Union CEOs

Here are other CEOs of Western Union

Raj Agrawal

Ex-CEO of Western Union

June 2022 - August 2022