Timothy P. Murphy
Director at WU
Board
About Timothy P. Murphy
Timothy P. Murphy, age 63, has served as an independent director of The Western Union Company since 2020; he chairs the Board’s Compliance Committee and sits on the Audit Committee, bringing deep law enforcement, cybersecurity, intelligence, and operational expertise (including prior CFO and COO roles at the FBI) as well as leadership experience as CEO of Consortium Networks and President of Thomson Reuters Special Services (TRSS) . He is considered independent under NYSE and company standards, and the Board affirmed his independence in its 2025 proxy .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Consortium Networks | President & Chief Executive Officer | 2019–2023 | Led cybersecurity and networking firm; brings cyber risk oversight to WU’s Compliance Committee |
| Thomson Reuters Special Services (TRSS) | President | 2015–2019 | Intelligence collection/analysis, insider threat, global risk management; currently Chair of TRSS Board, enhancing risk governance perspective |
| Federal Bureau of Investigation | Deputy Director; prior CFO and COO roles | 1988–2011 | Senior leadership across finance, operations, counterterrorism; directly relevant to AML/sanctions oversight |
External Roles
| Organization | Role | Tenure | Public/Private | Notes |
|---|---|---|---|---|
| TRSS (Thomson Reuters Special Services) | Chair of the Board | Current | Private (subsidiary of Thomson Reuters) | Intelligence, network analysis, insider threat, global risk management |
| Genius Group Limited | Director | 2022–2023 | Public | Prior public company board experience |
Board Governance
| Item | Detail |
|---|---|
| Board independence | Independent director per Board assessment; Board is independent except CEO |
| Committee assignments | Compliance Committee (Chair); Audit Committee (Member) |
| Committee meeting frequency (2024) | Audit: 8 meetings; Compliance: 4 meetings |
| Board meetings (2024) | 6 meetings; every director attended ≥75% of aggregate Board/committee meetings |
| Annual meeting attendance | All directors attended the 2024 Annual Meeting of Stockholders |
| Oversight scope | Compliance Committee oversees AML, sanctions, anti-corruption, fraud prevention, consumer protection, privacy; AI use oversight added informally in 2024; reports to Board and Audit |
| Executive sessions & leadership | Non-executive independent Chair presides over executive sessions of non-management directors |
Fixed Compensation
| Component (2024) | Amount ($000) |
|---|---|
| Board annual cash retainer | 85.0 |
| Compliance Committee Chair retainer | 30.0 |
| Audit Committee member retainer | 20.0 |
| Total cash fees earned | 135.0 |
Notes:
- Committee member retainers in 2024: Audit non-chair $20k; other committees non-chair $10k; committee chair fees: Audit $35k, Compliance $30k, Compensation and Governance $25k .
- Director indemnification agreements standard for all outside directors .
Performance Compensation
| Component (2024) | Structure | Value ($000) |
|---|---|---|
| Annual director equity grant | Equity grant with one-year vesting; directors may elect RSUs, stock options, or a mix (multiple allowed combinations) | 200.0 |
| Options granted in 2024 | None for Murphy | — |
Equity design details:
- Annual director equity: one-year vesting; settlement in common stock; RSUs and options election flexibility; pro-rata vesting on qualifying Board departure .
- No performance metrics (e.g., EPS/TSR) tied to director equity; dividends/dividend equivalents are not paid on unvested awards .
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company boards | None |
| Prior public company boards | Genius Group Limited (2022–2023) |
| Interlocks/conflicts | Board affirmed independence; no related person transactions in 2024 |
Expertise & Qualifications
- Law enforcement and national security: FBI Deputy Director; expertise in intelligence, counterterrorism, insider threat .
- Cybersecurity/risk management: Led Consortium Networks; TRSS leadership in intelligence and global risk management .
- Finance and operations: Prior CFO/COO roles at FBI; financial literacy; eligible for Audit Committee financial expert designation criteria (Board designated other members as financial experts) .
- Regulated industry experience: Governance and compliance oversight across AML/sanctions and privacy; AI oversight added informally at Compliance Committee in 2024 .
Equity Ownership
| Measure | Amount |
|---|---|
| Beneficial ownership (shares) | 73,052 |
| Options exercisable within 60 days | 20,084 |
| Stock units outstanding (incl. deferred units) | 18,862 |
| Shares outstanding (Record Date) | 334,838,525 |
| Ownership as % of shares outstanding | ~0.022% (73,052 / 334,838,525) |
Ownership alignment policies:
- Director stock ownership guideline: 5x annual cash retainer within five years; options do not count; all outside directors have met or are expected to meet guidelines within period .
- Insider Trading Policy prohibits pledging and hedging by directors .
Insider Filings and Trades
| Item | Detail |
|---|---|
| Section 16(a) compliance (2024) | Company reports compliance for directors; no delinquent filings noted for Murphy |
| Form 4 trade summary | Not disclosed in proxy; see SEC EDGAR for any transaction details; no late filings flagged for Murphy |
Governance Assessment
- Committee leadership and fit: Chairing Compliance (AML/sanctions/anti-corruption/consumer protection/privacy/AI oversight) and serving on Audit align directly with his FBI/TRSS/cybersecurity background, strengthening board risk oversight .
- Independence and conflicts: Board affirmed independence; no related person transactions in 2024; robust codes of conduct and prohibition on pledging/hedging mitigate alignment risks .
- Engagement: Board met 6 times; Audit 8; Compliance 4; all directors ≥75% attendance; all attended the 2024 Annual Meeting—signals high engagement and oversight cadence .
- Director pay and alignment: 2024 mix of $135k cash and $200k equity (one-year vesting; no performance metrics) is mainstream; ownership guideline of 5x retainer and anti-hedging policy support alignment, though absolute stake is modest at ~0.022% of shares outstanding .
- Shareholder sentiment backdrop: Say-on-pay support ~91% in 2024 suggests broader investor confidence in WU’s compensation governance and oversight environment .
RED FLAGS: None disclosed specific to Murphy—no related-party transactions, no pledging/hedging, no delinquent Section 16 filings; director equity awards are service-based without performance metrics (typical for directors) .