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- Departure of CEO (new) — Chief Legal Officer Benjamin Adams is departing the company effective November 2, 2026 through voluntary retirement.
Western Union CLO Benjamin Adams to retire Nov. 2 under voluntary retirement program
Filed July 23, 2026 · Period ending July 20, 2026 · ~1 min read
Key Changes
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Chief Legal Officer Benjamin Adams will retire effective November 2, 2026, participating in the company's Voluntary Retirement Program after providing three months' notice.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Adams will receive six months of base salary, a prorated 2026 target annual incentive award, and continued vesting of outstanding equity awards under the program terms.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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The Voluntary Retirement Program is available to U.S. employees age 50+ with at least five years of service and combined age/service of 60+ years, with elections accepted through December 31, 2027.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Adams will continue overseeing legal, privacy, public policy, and enterprise risk functions during the transition period until a successor is appointed.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Western Union's Chief Legal Officer Benjamin Adams will retire on November 2, 2026, under the company's Voluntary Retirement Program. Adams, who oversees legal, privacy, public policy, and enterprise risk functions, provided the required three-month notice and will assist with the transition until a successor is named. The departure of a C-suite executive responsible for legal and compliance oversight warrants attention, particularly as the company navigates regulatory requirements in the financial services sector.
Under the program terms, Adams will receive six months of base salary, a prorated 2026 annual incentive award, and continued vesting of outstanding equity grants. The broader Voluntary Retirement Program, approved by the Compensation Committee in 2026, remains open to eligible U.S. employees through December 31, 2027, suggesting potential for additional senior departures. Investors should monitor the successor appointment and any impact on the company's legal and regulatory posture during the transition.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Under the Voluntary Retirement Program, eligible U.S.-based employees may elect to retire if, on or before December 31, 2027, they are at least 50 years of age, have completed at least five years of service, and have a combined age and years of service equal to at least 60 years. Following a three-month notice period and the execution and non-revocation of a release of claims in favor of the Company, such employees will receive: (i) six months of base salary; (ii) a prorated 2026 target annual incentive award; and (iii) continued vesting of outstanding equity awards in accordance with the applicable award agreements under The Western Union Company 2024 Long-Term Incentive Plan and The Western Union Company 2015 Long-Term Incentive Plan.
The company disclosed a Voluntary Retirement Program approved by the Compensation Committee in 2026 for eligible U.S. employees. Participants receive six months of base salary, a prorated 2026 target annual incentive award, and continued equity vesting after a three-month notice period and release of claims.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 24, 2026 · How we verify