Form 4: Aon Executive's Stock Vesting and Tax Withholding

Aon plc's CEO of Regions & North America, Lori Goltermann, reported the vesting of restricted share units and subsequent tax-related share withholding.

Summary

• Lori Goltermann, CEO, Regions & North America at Aon plc, reported transactions related to her beneficial ownership of company stock.
• On November 21, 2025, 156 Class A Ordinary Shares were acquired by Goltermann upon the vesting of a restricted share unit award.
• Concurrently, 68.093 Class A Ordinary Shares were withheld by Aon plc for the payment of taxes associated with the vesting of the award, at a price of $346.51 per share.
• Following these reported transactions, Goltermann directly beneficially owns 2,255.494 Class A Ordinary Shares.
• The restricted share unit award, which converts to Class A Ordinary Shares on a 1-for-1 basis, was originally granted on November 21, 2022.
• The award vests in three equal annual installments of 33 1/3% on each of the first through third anniversaries of the grant date.
• The reported beneficial ownership includes shares acquired under the Aon employee stock purchase plan on June 30, 2025.

Sentiment

Score: 5

Explanation: The filing reports a routine executive compensation event (vesting of restricted stock units and subsequent tax withholding), which is neutral in terms of company performance or outlook.

Positives

• The vesting of restricted share units demonstrates the execution of long-term incentive compensation for a key executive, aligning management interests with shareholder value.
• The executive's continued beneficial ownership of 2,255.494 Class A Ordinary Shares indicates ongoing commitment and alignment with the company's performance.

Future Outlook

The remaining portions of the restricted share unit award, granted on November 21, 2022, are scheduled to vest annually, with 33 1/3% vesting on each of the first through third anniversaries of the grant date, indicating future share acquisitions for the executive.

Industry Context

This filing reflects routine executive compensation and share ownership practices common in large, publicly traded financial services and insurance brokerage firms like Aon plc. The use of equity awards such as Restricted Share Units (RSUs) is a standard mechanism to incentivize and retain key executives, aligning their financial interests with the long-term performance of the company.

Comparison to Industry Standards

• The utilization of Restricted Share Units (RSUs) as a significant component of executive compensation is a standard practice across the financial services and insurance brokerage industry, consistent with compensation structures observed at peer companies such as Marsh & McLennan Companies (MMC) and Willis Towers Watson (WTW).
• The practice of withholding shares for tax obligations upon the vesting of equity awards is a common and efficient method for managing executive tax liabilities, aligning with established corporate governance and compensation administration practices seen globally.

Stakeholder Impact

• Shareholders: The transaction reflects standard executive compensation practices, which are designed to align the interests of key management with long-term shareholder value.
• Employees: The filing provides insight into the company's equity compensation structure for its senior leadership, which can serve as a benchmark or example for other employees.

Next Steps

• Remaining portions of the restricted share unit award will vest on subsequent anniversaries of the November 21, 2022 grant date, as per the established vesting schedule.

Key Dates

Keywords

Aon, AON, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, Share Vesting, Stock Ownership