Form 4: Dean Michael Klisura Reports Marsh & McLennan Companies Stock Transactions
SEC Form 4
Dean Michael Klisura, President & CEO of Guy Carpenter, reports the vesting and distribution of restricted stock units and subsequent tax withholding, along with additional stock units acquired through the Supplemental Savings & Investment Plan.
Summary
- On February 28, 2024, Dean Michael Klisura, President & CEO of Guy Carpenter, reported transactions involving Marsh & McLennan Companies common stock.
- 5,675 shares underlying restricted stock units vested and were distributed to Klisura.
- 3,139 shares were withheld by Marsh & McLennan Companies to cover applicable taxes.
- These shares relate to restricted stock units and performance stock units granted on February 22, 2021.
- Klisura also acquired 1,626.316 additional stock units through the Supplemental Savings & Investment Plan (SSIP).
- Following these transactions, Klisura directly owns 23,471.48 shares of common stock and 6,024 restricted stock units.
- He also indirectly owns 1,626.316 restricted stock units through the SSIP.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The transactions are routine and expected as part of executive compensation and employee benefits. There are no indications of negative sentiment or concerns.
Positives
- The vesting of restricted stock units and acquisition of additional shares through the SSIP indicates continued investment in the company by a key executive.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates Dean Michael Klisura's ongoing investment in Marsh & McLennan Companies.
Stakeholder Impact
- The transactions have a minor positive impact on shareholders by demonstrating continued confidence in the company from a key executive.
Key Dates
| Date | Description |
|---|---|
| 02/22/2021 | Date of grant for 1,419 restricted stock units and 4,256 performance stock units. |
| 02/28/2024 | Date of transaction: vesting and distribution of restricted stock units, tax withholding, and SSIP acquisition. |
| 03/01/2024 | Date of signature for the Form 4 filing. |
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