Form 4: Marsh & McLennan Companies Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Nicholas Mark Studer, President and CEO of Oliver Wyman Group (OWG), sold 1,021 shares of Marsh & McLennan Companies stock to cover tax withholding obligations and received 2,157 shares from vested restricted stock units.
Summary
- On February 28, 2024, Nicholas Mark Studer, President and CEO of OWG at Marsh & McLennan Companies, received 2,157 shares of common stock from the vesting of restricted stock units.
- These shares relate to 539 restricted stock units and 1,618 performance stock units granted on February 22, 2021, for the performance period 2021-2023.
- On February 29, 2024, Studer sold 1,021 shares at a price of $201.903 per share to satisfy tax withholding obligations.
- Following these transactions, Studer directly owns 4,563 shares of Marsh & McLennan Companies common stock and 3,552 restricted stock units.
Sentiment
Score: 5
Explanation: The document reflects routine executive stock transactions, which are neither particularly positive nor negative.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's perspective on the company's performance and future prospects.
Key Dates
| Date | Description |
|---|---|
| 02/22/2021 | Date of grant for 539 restricted stock units and 1,618 performance stock units. |
| 02/28/2024 | Vesting and distribution of 2,157 shares underlying restricted stock units. |
| 02/29/2024 | Sale of 1,021 shares to satisfy tax withholding obligations. |
| 03/01/2024 | Date of signature for the Form 4 filing. |
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