Form 4: Marsh & McLennan Executive Stacy Mills Reports Stock Transactions
SEC Form 4 Filing
Stacy Mills, Vice President and Controller at Marsh & McLennan Companies, reports the vesting and distribution of restricted stock units and subsequent tax withholding.
Summary
- On February 28, 2024, Stacy Mills, Vice President and Controller of Marsh & McLennan Companies, reported transactions involving the company's stock.
- Mills vested and received 3,274 shares of common stock from restricted stock units.
- 1,813 shares were withheld by Marsh & McLennan Companies to cover applicable taxes at a price of $202.985 per share.
- Following these transactions, Mills directly owns 4,384.098 shares of Marsh & McLennan Companies common stock and 2,884 restricted stock units.
- The reported transactions relate to restricted stock units granted on February 22, 2021, February 23, 2022, February 23, 2023 and performance stock units granted on February 22, 2021 for the performance period 2021-2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects insider activity, but it is a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/22/2021 | Date of grant for 568 restricted stock units and 1,702 performance stock units (performance period 2021-2023). |
| 02/23/2022 | Date of grant for 496 restricted stock units. |
| 02/23/2023 | Date of grant for 508 restricted stock units. |
| 02/28/2024 | Date of transaction: Vesting and distribution of 3,274 shares and tax withholding of 1,813 shares. |
| 03/01/2024 | Date of signature for the Form 4 filing. |
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