Form 4: Marsh & McLennan Executive Paul Beswick Reports Stock Transactions
SEC Form 4
Paul Beswick, SVP and Chief Information Officer of Marsh & McLennan Companies, reports the exercise of stock options and subsequent sale of shares on July 16, 2024.
Summary
- On July 16, 2024, Paul Beswick, SVP and Chief Information Officer of Marsh & McLennan Companies, exercised stock options to acquire 1,000 shares of common stock.
- Simultaneously, Beswick sold 2,169 shares of common stock at a price of $220 per share.
- These transactions were executed under a pre-arranged Rule 10b5-1 trading plan.
- Following these transactions, Beswick directly owns 11,861 shares of common stock and derivative securities representing 4,892 shares.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These transactions are subject to regulatory scrutiny to prevent insider trading.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 02/19/2020 | Date stock options were granted. |
| 02/19/2021 | First vesting date of the stock options. |
| 02/19/2022 | Second vesting date of the stock options. |
| 02/19/2023 | Third vesting date of the stock options. |
| 02/19/2024 | Fourth vesting date of the stock options. |
| 07/16/2024 | Date of stock option exercise and stock sale. |
| 07/18/2024 | Date of Form 4 filing. |
| 02/18/2030 | Expiration date of the stock options. |
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