Form 4: Willis Towers Watson CFO Acquires Shares and Restricted Units Through Company Plans

Willis Towers Watson PLC's Chief Financial Officer, Andrew Jay Krasner, reported the acquisition of additional ordinary shares and restricted share units through company deferred savings and excess plans.

Summary

• Andrew Jay Krasner, Chief Financial Officer of Willis Towers Watson PLC (WTW), reported transactions on July 15, 2025.
• Acquired 12.097 Ordinary Shares at a price of $0, representing dividend equivalent rights accrued on time-based restricted share unit awards.
• Acquired 5.6908 Restricted Share Units (RSUs) at a price of $0, representing dividends acquired through the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees, including participant deferral and company matching contributions.
• Acquired 2.0111 Restricted Share Units (RSUs) at a price of $0, representing dividends acquired through the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees, including participant deferral and company matching contributions.
• Following these transactions, Krasner beneficially owns 4,019.007 Ordinary Shares directly and 11,982.33 Ordinary Shares indirectly through a Revocable Trust.
• He also directly owns 1,951.4554 Restricted Share Units and 670.6471 Restricted Share Units.

Sentiment

Score: 7

Explanation: The sentiment is positive as a key executive (CFO) is increasing their beneficial ownership in the company, even if through compensation plans, which signals confidence and aligns their interests with shareholders. There are no negative disclosures.

Positives

• The Chief Financial Officer's acquisition of additional shares and restricted share units, even if through company plans, indicates continued alignment of management's interests with shareholders.
• The transactions are part of established company deferred savings and excess plans, suggesting a structured approach to executive compensation and long-term incentives.

Future Outlook

The restricted share units acquired under the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees are set to settle for Ordinary Shares on a 1:1 basis 6 months after the reporting person's termination date. Restricted share units under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees will settle for Ordinary Shares on a 1:1 basis on the first business day of the month on which the NASDAQ Stock Market is open for business following the earlier of 6 months after separation from service or 30 days after the reporting person's death.

Industry Context

This Form 4 filing reflects a routine insider transaction related to executive compensation and deferred savings plans within the financial services and human capital consulting industry. Such transactions are common mechanisms for aligning executive incentives with long-term company performance and shareholder value.

Related Party Transactions

• The reported transactions involve the Chief Financial Officer acquiring securities from the company through established employee benefit and deferred compensation plans, which are considered related party dealings.

Stakeholder Impact

• Shareholders: Increased alignment of the CFO's interests with shareholders due to increased beneficial ownership.
• Employees: The document references company-wide non-qualified deferred savings and stable value excess plans, indicating benefits available to certain employees.

Next Steps

• Settlement of Restricted Share Units from the Non-Qualified Deferred Savings Plan will occur 6 months after the reporting person's termination date.
• Settlement of Restricted Share Units from the Non-Qualified Stable Value Excess Plan will occur on the first business day of the month on which the NASDAQ Stock Market is open for business following the earlier of 6 months after separation from service or 30 days after the reporting person's death.

Key Dates

Recommendation

Keywords

Willis Towers Watson, WTW, SEC Form 4, Insider Transaction, Andrew Jay Krasner, Chief Financial Officer, Restricted Share Units, Ordinary Shares, Employee Stock Plan, Deferred Compensation, Corporate Governance