Form 4: Willis Towers Watson Executive Julie Jarecke Gebauer Reports Acquisition of Restricted Share Units

Julie Jarecke Gebauer, Head of Health, Wealth & Career at Willis Towers Watson, reported the acquisition of restricted share units.

Summary

• On April 11, 2024, Julie Jarecke Gebauer, Head of Health, Wealth & Career at Willis Towers Watson PLC, reported acquiring 309.9564 restricted share units.
• These restricted share units were acquired at a price of $260.31.
• Following the transaction, Gebauer directly owns 22,835.4319 ordinary shares.
• The restricted share units settle for ordinary shares on a 1:1 basis six months after the reporting person's termination date.
• The acquisition includes restricted share units acquired through the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees, including deferral elections and company matching contributions.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns executive interests with the company's performance.

Future Outlook

The restricted share units will convert to ordinary shares six months after the reporting person's termination date.

Industry Context

This filing is a routine disclosure of executive compensation in the form of restricted share units, a common practice in publicly traded companies to align executive interests with shareholder value.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) as a component, similar to practices at companies like Aon and Mercer, which also operate in the consulting and brokerage space.
• The vesting schedule of six months post-termination is relatively standard, aligning with typical equity compensation plans in the industry.
• Companies such as Marsh & McLennan Companies also utilize deferred savings plans with company matching contributions in the form of equity.

Stakeholder Impact

• The acquisition of restricted share units aligns the executive's interests with those of the shareholders.
• The compensation structure can motivate the executive to improve company performance, benefiting shareholders and employees.

Key Dates