On May 6, 2021, The Western Union Company announced that Khalid Fellahi will cease serving as President, Consumer Money Transfer, effective as of June 30, 2021. Mr. Fellahi will continue serving the Company through July 31, 2021 in a senior advisory capacity to assist the Company during the transition. Upon his departure, Mr. Fellahi will be eligible for benefits under the Company’s existing Severance/Change in Control Policy (Executive Committee Level), which are described in the Company’s 2021 Proxy Statement.