Form 4: Willis Towers Watson CEO Carl Hess Reports Acquisition of Restricted Share Units
SEC Form 4 Filing
Carl Hess, CEO of Willis Towers Watson, reports the acquisition of restricted share units through a transaction on April 11, 2024.
Summary
- On April 11, 2024, Carl Hess, the CEO of Willis Towers Watson PLC, acquired 880.3442 restricted share units.
- These restricted share units will settle for ordinary shares on a 1:1 basis six months after Hess's termination date.
- The acquisition was made partly through the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees, including deferral elections and company matching contributions.
- Following the transaction, Hess beneficially owns 8,265.3049 restricted share units directly.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The restricted share units will settle for ordinary shares six months after the reporting person's termination date.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership of restricted share units.
Key Dates
| Date | Description |
|---|---|
| 04/11/2024 | Date of transaction: Carl Hess acquired restricted share units. |
| 04/15/2024 | Date of report filing. |
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