Form 4: Marsh & McLennan Director Judith Hartmann Acquires Shares Under Stock Compensation Plan
SEC Form 4 Filing
Director Judith Hartmann acquired 970 shares of Marsh & McLennan Companies stock on June 1, 2024, as part of the company's Directors Stock Compensation Plan.
Summary
- On June 1, 2024, Judith Hartmann, a director of Marsh & McLennan Companies, acquired 970 shares of common stock at a price of $206.055 per share.
- This acquisition was part of the annual stock award under the Marsh & McLennan Companies Directors Stock Compensation Plan.
- Following the transaction, Hartmann directly owns 2,045 shares of Marsh & McLennan Companies stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, indicating stability and alignment of interests. It's a neutral to slightly positive signal.
Positives
- The acquisition of shares by a director demonstrates confidence in the company's future.
Industry Context
This type of stock award is a common practice for compensating directors of publicly traded companies.
Comparison to Industry Standards
- Director compensation packages often include a mix of cash and equity.
- The specific amount and structure of equity awards vary depending on the company's size, industry, and performance.
- Comparing Marsh & McLennan's director compensation plan to those of its peers (e.g., Aon, Willis Towers Watson) would provide a better understanding of its competitiveness.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of the stock transaction. |
| 06/04/2024 | Date of signature for the SEC filing. |
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