Form 4: Marsh & McLennan CFO Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Mark C. McGivney, CFO of Marsh & McLennan Companies, sold 12,494 shares of common stock at a price of $200.79 per share on March 4, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On March 4, 2024, Mark C. McGivney, the Chief Financial Officer of Marsh & McLennan Companies, Inc., sold 12,494 shares of the company's common stock.
- The sale was executed at a price of $200.79 per share.
- This transaction was conducted under a Rule 10b5-1 trading plan previously established by McGivney.
- Following the transaction, McGivney directly owns 33,678 shares of Marsh & McLennan Companies, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Sales by executives are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any inside information.
Stakeholder Impact
- The sale of shares by a high-ranking executive could cause concern among shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of the transaction: Mark C. McGivney sold 12,494 shares of common stock. |
| 03/06/2024 | Date of signature: The Form 4 was signed on this date. |
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