Form 4: Marsh & McLennan Companies Executive Reports Stock Transactions
SEC Form 4 Filing
Katherine Brennan, SVP and General Counsel of Marsh & McLennan Companies, reports the vesting and distribution of restricted stock units and subsequent tax withholding.
Summary
- On February 28, 2024, Katherine Brennan, SVP and General Counsel of Marsh & McLennan Companies, reported transactions involving the company's stock.
- 3,557 shares underlying restricted stock units vested and were distributed to Brennan.
- 1,968 shares were withheld by Marsh & McLennan Companies to cover applicable taxes.
- Following these transactions, Brennan directly owns 3,182 shares of common stock and 579 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/22/2021 | Date of grant for 745 restricted stock units and performance stock units. |
| 02/23/2022 | Date of grant for 578 restricted stock units. |
| 02/28/2024 | Date of transaction: vesting and distribution of restricted stock units and tax withholding. |
| 03/01/2024 | Date of signature on the Form 4 filing. |
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