Form 4: Aon Director Richard Notebaert Receives Annual Equity Grant and Manages Tax Obligations

Aon plc Director Richard Notebaert was granted 637 Class A Ordinary Shares as part of his annual non-employee director compensation, with a portion withheld for taxes.

Summary

• Richard C. Notebaert, a Director of Aon plc, received an annual grant of Class A Ordinary Shares on June 26, 2025.
• The grant consisted of 637 Class A Ordinary Shares, provided as part of the annual compensation for non-employee directors.
• Notebaert agreed to pay the issuer a nominal value of US $0.01 per share for the issued shares.
• Concurrently, 152.876 Class A Ordinary Shares were withheld by Aon plc for tax payments related to the award.
• The shares withheld for taxes were valued at $353.55 per share.
• Following these transactions, Richard Notebaert directly beneficially owns 29,175.97 Class A Ordinary Shares.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director is receiving an equity grant, indicating continued alignment with shareholder interests, though it's a routine compensation event rather than a discretionary purchase.

Positives

• Director Richard Notebaert received an annual equity grant, aligning his interests with shareholders.
• The acquisition of shares by a director can signal confidence in the company's future.

Negatives

• No specific negative financial or operational information is disclosed in this filing.

Risks

• This Form 4 filing does not detail specific company risks.

Future Outlook

The filing details a past transaction (as of the filing date) related to director compensation and does not provide forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Industry Context

This routine insider transaction reflects standard corporate governance practices for compensating non-employee directors with equity, a common practice across various industries to align director interests with shareholder value. It does not provide broader industry trends or competitive insights.

Comparison to Industry Standards

• The practice of granting equity to non-employee directors is a standard compensation method across publicly traded companies, including those in the financial services and insurance brokerage sectors like Aon plc.
• The specific number of shares and their value would typically be benchmarked against peer companies such as Marsh & McLennan Companies (MMC), Willis Towers Watson (WTW), and Gallagher (AJG) to ensure competitive and appropriate director remuneration.
• The withholding of shares for tax purposes is also a standard and expected procedure for equity awards.

Corporate Governance

Related Party Transactions

• The grant of Class A Ordinary Shares to Director Richard Notebaert constitutes a related party transaction as it involves compensation provided by the issuer to a member of its board of directors.

Stakeholder Impact

• Shareholders: The transaction demonstrates continued alignment of director interests with shareholder value through equity ownership.
• Employees: No direct impact on employees is indicated by this filing.
• Customers: No direct impact on customers is indicated by this filing.
• Suppliers: No direct impact on suppliers is indicated by this filing.
• Creditors: No direct impact on creditors is indicated by this filing.

Next Steps

• No specific future actions, events, or milestones are mentioned beyond the completion of the reported share transactions.

Key Dates

Recommendation

Keywords

Aon plc, AON, Form 4, Insider Transaction, Director Compensation, Equity Grant, Share Ownership, Richard Notebaert, Class A Ordinary Shares