Form 4: Marsh & McLennan Executive Reports Stock Transactions
SEC Form 4 Filing
Paul Beswick, SVP and Chief Information Officer of Marsh & McLennan Companies, reports the vesting and distribution of restricted stock units and subsequent tax withholding.
Summary
- On February 28, 2024, Paul Beswick, SVP and Chief Information Officer of Marsh & McLennan Companies, reported transactions involving common stock.
- 8,510 shares underlying restricted stock units vested and were distributed to Beswick.
- 4,115 shares were withheld by Marsh & McLennan Companies to cover applicable taxes at a price of $202.985 per share.
- The vesting relates to performance stock units granted on February 22, 2021, for the performance period 2021-2023.
- Following the reported transactions, Beswick beneficially owns 16,537 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices at Marsh & McLennan.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/22/2021 | Date of grant for performance stock units related to the vested shares. |
| 02/28/2024 | Date of transaction: vesting and distribution of restricted stock units and tax withholding. |
| 03/01/2024 | Date of signature for the Form 4 filing. |
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