Form 4: Willis Towers Watson Executive Adam Garrard Reports Share Transactions
SEC Form 4 Filing
Adam Garrard, Head of Risk & Broking at Willis Towers Watson, reports acquisition and disposal of ordinary shares and restricted share units (RSUs) related to vesting and tax obligations.
Summary
- On April 1, 2024, Adam Garrard, Head of Risk & Broking at Willis Towers Watson PLC, reported transactions involving the company's ordinary shares.
- Garrard acquired 1,462 time-based restricted share units (RSUs) that vest ratably over three years.
- He also acquired 10 dividend equivalent rights, each equivalent to one WTW Ordinary Share.
- A total of 595 shares were disposed of to cover tax obligations related to the vesting of RSUs.
- Following these transactions, Garrard directly owns 16,106.93 ordinary shares.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices and compliance with SEC regulations. There are no indications of unusual or concerning activity, leading to a neutral to slightly positive sentiment.
Positives
- The acquisition of RSUs indicates continued alignment of the executive's interests with the company's long-term performance.
Future Outlook
The RSUs vest ratably over a three-year period, indicating a continued long-term incentive for the reporting person.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders, ensuring fair market practices.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Grant date of 409 restricted share units related to tax payment. |
| 04/01/2023 | Grant date of 434 and 421 restricted share units related to tax payment. |
| 04/01/2024 | Date of transactions involving ordinary shares and RSUs. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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