Form 4: Willis Towers Watson CEO Carl Hess Reports Share Transactions

Carl Hess, CEO of Willis Towers Watson, reports the acquisition of 35,550 ordinary shares and the disposal of 1,349 shares to cover tax obligations.

Summary

• Carl Hess, the CEO of Willis Towers Watson, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On February 25, 2025, Hess acquired 35,550 ordinary shares related to performance-based restricted share units.
• These units were earned based on the achievement of pre-established performance goals for the period ending December 31, 2024.
• Each unit represents the right to receive one ordinary share upon the satisfaction of service-based vesting requirements on April 1, 2025.
• The acquisition also includes ordinary shares issuable pursuant to dividend equivalent rights.
• On February 27, 2025, Hess disposed of 1,349 ordinary shares to satisfy FICA and income tax withholding obligations related to the vesting of the performance-based restricted share units.
• The shares were withheld by the Issuer at a price of $332.82.
• Following these transactions, Hess beneficially owns 111,612.5347 ordinary shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.

Future Outlook

The earned restricted share units will vest on April 1, 2025, subject to continued service.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Next Steps

• The acquired shares will vest on April 1, 2025, contingent on the CEO's continued service.

Key Dates