Form 4: Willis Towers Watson Director Fredric J. Tomczyk Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Director Fredric J. Tomczyk of Willis Towers Watson PLC reports disposing of 423 ordinary shares to cover tax obligations related to vested restricted share units.
Summary
- On May 17, 2024, Fredric J. Tomczyk, a director of Willis Towers Watson PLC, disposed of 423 ordinary shares.
- The disposal was related to the withholding of shares by the issuer to cover tax obligations arising from the vesting and settlement of restricted share units granted on May 17, 2023.
- The transaction was executed at a price of $256.38 per share.
- Following the transaction, Tomczyk directly owns 532 ordinary shares.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of withholding shares to cover tax obligations upon the vesting of restricted share units, which is common across publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/17/2023 | Date of grant of 881 restricted share units that vested on May 17, 2024. |
| 05/17/2024 | Date of transaction: Disposal of 423 ordinary shares for tax obligations. |
| 05/21/2024 | Date of Form 4 filing. |
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