Form 4: Willis Towers Watson Director Stephen M. Chipman Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Director Stephen M. Chipman 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, Stephen M. Chipman, 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 price per share was $256.38.
- Following the transaction, Chipman directly owns 532 ordinary shares.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it has a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals for tax obligations are common when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/17/2023 | Date of grant of 881 restricted share units. |
| 05/17/2024 | Date of transaction: Disposal of 423 shares for tax obligations. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
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