Form 4: Willis Towers Watson CEO Carl Hess Reports Share Withholding for Restricted Share Unit Settlement
SEC Form 4 Filing
Carl Hess, CEO of Willis Towers Watson, reports the withholding of shares by the issuer related to the vesting and settlement of previously reported performance-based restricted share units.
Summary
- On July 22, 2024, Carl Hess, the CEO of Willis Towers Watson PLC, reported a transaction involving the withholding of 2,161 ordinary shares.
- The shares were withheld by the issuer incident to the vesting and settlement of previously reported earned performance-based restricted share units.
- The price per share was $263.13.
- Following the transaction, Hess beneficially owns 77,560.236 ordinary shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment, but rather reflects standard corporate governance practices.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the standard compensation practices for the CEO.
Key Dates
| Date | Description |
|---|---|
| 07/22/2024 | Date of transaction: Withholding of shares by Issuer incident to the vesting and settlement of the reporting person's previously reported earned performance-based restricted share units. |
| 07/23/2024 | Date of signature for the report. |
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