Sundar PichaiSundar Pichai earned $164M in 2023

Raj Agrawal was the Chief Financial Officer at Western Union and has an extensive career in finance. He joined the company in 2006 and worked his way up through various roles, including Executive Vice President. When he was promoted to...

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Raj Agrawal

Ex-CEO of Western Union

Education

N/A

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1973 - 52 years ago

CEO of Western Union for

0 years 1 month (Jun 2022 - Aug 2022)

Previous Experience

Various positions at Western Union since 2006

Holdings

See how much did Raj Agrawal make over time.

Raj Agrawal had notable stakes in Western Union during his tenure, demonstrating the typical alignment between executive interests and company performance. However, his holdings fluctuated over time, reflecting the company's ups and downs. At peak moments in his career, his...

Total Stock Sold

$4.42M

WU

$4.42M

184,300 WU shares

What if they kept their stock?

If Raj Agrawal didn't sell their stock, today they would have:
Extra WU184,300 shares worth $4.33M.
This is -2.04% and $90.13K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Raj Agrawal.

WU

76,687 shares

WU

Feb 23, 2022

Received

WU

$2.78M

WU at $24.92/share

May 17, 2021

Sale

WU

$396.14K

WU at $23.45/share

Feb 21, 2021

Sale

WU

53,744 shares

WU

Feb 21, 2021

Received

WU

35,745 shares

WU

Feb 18, 2021

Received

WU

85,119 shares

WU

Feb 21, 2020

Received

WU

27,460 shares

WU

Feb 19, 2020

Received

WU

$661.46K

WU at $26.94/share

Jan 2, 2020

Sale

WU

82,765 shares

WU

Feb 20, 2019

Received

WU

$402.81K

WU at $18.35/share

Feb 1, 2019

Sale

Compensation History

See how much did Raj Agrawal make over time.

In 2022, Raj Agrawal's total compensation reached $689,200, primarily comprising a base salary of $650,000. However, he did not receive any bonuses that year, signaling either company performance issues or perhaps a misalignment with incentive metrics. In his earlier years, particularly notable was his compensation package upon his promotion, which included a substantial stock unit grant contingent on future performance. His past compensation structures usually aligned closely with the financial health of Western Union, linking his pay directly to overall company performance metrics like revenue and profit margins. The framework is designed to attract and retain executive talent while pushing for performance, yet Raj's financial benefits were not fully realized after his departure.

Year

2022

Total Compensation

$689.20K

Salary

$650.00K

Board Justification

The compensation philosophy is to align executive compensation with the company's performance and stockholder interests, focusing on attracting and retaining top talent while rewarding performance.

Bonus

$0.00

Board Justification

Mr. Agrawal was not eligible to receive any payment under the 2022 Annual Incentive Plan due to his resignation.

Other

$39.20K

Board Justification

Other compensation includes contributions made to defined contribution plans and insurance premiums.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2022 as Mr. Agrawal resigned before any performance conditions could be met.

Performance Metrics

The performance metrics for determining compensation included adjusted revenue, adjusted profit margin, adjusted EPS, and other strategic goals.