Form 4: Willis Towers Watson Director Michelle Swanback Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Director Michelle Swanback disposed of 423 ordinary shares of Willis Towers Watson PLC to cover tax obligations related to vesting of restricted share units.
Summary
- On May 17, 2024, Michelle R. Swanback, a director of Willis Towers Watson PLC, disposed of 423 ordinary shares.
- The shares were disposed of to cover tax obligations related to 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, Swanback directly owns 1,108 ordinary shares of Willis Towers Watson PLC.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to share disposal for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders (directors, officers, and major shareholders) to report transactions in their company's stock, providing transparency to the market.
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. |
| 05/17/2024 | Date of transaction: Disposal of shares to cover tax obligations. |
| 05/21/2024 | Date of signature of the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.