Form 4: Marsh & McLennan Executive Reports Stock Transactions
SEC Form 4 Filing
Chief Marketing Officer John Jude Jones reports the vesting and distribution of restricted stock units and related tax withholding, along with transactions in the company's 401(k) and Supplemental Savings & Investment Plan.
Summary
- On February 28, 2024, John Jude Jones, Chief Marketing Officer of Marsh & McLennan Companies, reported transactions involving the company's stock.
- These transactions include the vesting and distribution of 3,078 shares underlying restricted stock units.
- 1,573 shares were withheld to cover applicable taxes.
- The transactions also reflect shares acquired through the Marsh & McLennan Companies 401(k) Savings & Investment Plan and the Supplemental Savings & Investment Plan.
- Following these transactions, Jones directly owns 9,483 shares of common stock and indirectly owns 1,693.743 shares through the MMC 401(k) Savings & Investment Plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports routine stock transactions by an executive.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and savings plan activities.
Key Dates
| Date | Description |
|---|---|
| 02/22/2021 | Grant date of 639 restricted stock units and 1,916 performance stock units. |
| 02/23/2022 | Grant date of 523 restricted stock units. |
| 02/28/2024 | Date of the reported transactions, including vesting of restricted stock units and tax withholding. |
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