Form 4: Aon plc Director Richard C. Notebaert Reports Changes in Beneficial Ownership

Director Richard C. Notebaert reports changes in beneficial ownership of Aon plc Class A Ordinary Stock due to annual share grants and tax withholdings.

Summary

• On June 20, 2024, Richard C. Notebaert, a director of Aon plc, reported changes in his beneficial ownership of Class A Ordinary Stock.
• He acquired 759 shares as part of the annual grant to non-employee directors.
• The issuer withheld 182.154 shares for payment of taxes related to the award at a price of $296.59.
• Following these transactions, Notebaert beneficially owns 31,776.846 shares of Class A Ordinary Stock directly.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of director interests with shareholders. There are no indications of negative events or concerns.

Positives

• The annual grant of shares to non-employee directors aligns their interests with those of shareholders.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies. It reflects standard practices for equity-based compensation and tax obligations.

Comparison to Industry Standards

• Equity compensation for board members is a common practice among S&P 500 companies, including competitors like Marsh & McLennan Companies and Willis Towers Watson.
• The structure of granting shares and withholding a portion for taxes is a standard approach to managing executive compensation and complying with tax regulations, similar to practices seen at Accenture and other professional services firms.

Stakeholder Impact

• Shareholders may view the equity compensation as a positive sign of aligning director interests with company performance.
• Employees may see this as part of the overall compensation structure within the company.

Key Dates