Form 4: Willis Towers Watson CEO Carl Hess Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Carl Hess, CEO of Willis Towers Watson, reports transactions involving ordinary shares and restricted share units, including acquisitions, disposals, and withholding for tax payments.
Summary
- On April 1, 2024, Carl Hess, the CEO of Willis Towers Watson, reported changes in his beneficial ownership of the company's securities.
- He acquired 7,771 time-based restricted share units (RSUs) that vest ratably over three years.
- He also acquired 65 dividend equivalent rights in the form of additional RSUs.
- The issuer withheld 1,279 shares for tax payments related to the vesting of 2,415 RSUs granted on April 1, 2022.
- Additionally, 1,704 shares were withheld for tax payments related to the vesting of 3,081 RSUs granted on April 1, 2023.
- Following these transactions, Hess beneficially owns 79,608.733 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings and transactions of company executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Grant date of 2,415 restricted share units related to tax withholding. |
| 04/01/2023 | Grant date of 3,081 restricted share units related to tax withholding. |
| 04/01/2024 | Date of transactions reported, including RSU acquisition and tax withholding. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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