Form 4: Marsh & McLennan CFO Mark McGivney Reports Stock Transactions
SEC Form 4 Filing
Chief Financial Officer of Marsh & McLennan Companies, Mark McGivney, reports the vesting and distribution of restricted stock units and subsequent tax withholding.
Summary
- On February 28, 2024, Mark McGivney, the Chief Financial Officer of Marsh & McLennan Companies, reported transactions involving the company's common stock.
- 25,526 shares underlying restricted stock units vested and were distributed to McGivney.
- Of these, 13,032 shares were withheld by Marsh & McLennan Companies to cover applicable taxes at a price of $202.985 per share.
- The vesting relates to performance stock units granted on February 21, 2021, for the performance period of 2021-2023.
- Following these transactions, McGivney directly owns 46,172 shares of Marsh & McLennan Companies common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction affects the CFO's holdings in the company, which is of interest to shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/21/2021 | Date of grant for performance stock units related to the reported transaction. |
| 02/28/2024 | Date of transaction: vesting and distribution of restricted stock units and tax withholding. |
| 03/01/2024 | Date of signature for the Form 4 filing. |
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