Form 4: Willis Towers Watson Executive Reports Acquisition of Shares and Restricted Share Units

Imran Ahmed Qureshi, Head of North America at Willis Towers Watson PLC, reported the acquisition of additional ordinary shares and restricted share units through dividend equivalents and company plans.

Summary

• Imran Ahmed Qureshi, Head of North America at Willis Towers Watson PLC, acquired additional securities on July 15, 2025.
• This includes 5.388 Ordinary Shares, representing dividend equivalent rights accrued on existing time-based restricted share unit awards, which vest based on the same schedule as the underlying RSUs.
• Additionally, 8.4442 Restricted Share Units were acquired through the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees, stemming from dividends, participant deferrals, and company matching contributions.
• A further 4.8464 Restricted Share Units were acquired via the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees, also from dividends, participant deferrals, and company matching contributions.
• Following these transactions, Qureshi beneficially owns 7,905.727 Ordinary Shares and a total of 4,455.7351 Restricted Share Units (2,847.4464 from the Deferred Savings Plan and 1,608.2887 from the Stable Value Excess Plan).
• Restricted Share Units generally settle for Ordinary Shares on a 1:1 basis, with specific settlement terms tied to termination or separation from service.

Sentiment

Score: 6

Explanation: The filing indicates an executive's accumulation of equity through compensation plans, which is a neutral to slightly positive signal of continued alignment with company performance, though not a direct investment decision.

Positives

• An executive, Imran Ahmed Qureshi, is accumulating additional equity in Willis Towers Watson PLC through dividend equivalents and company-sponsored plans, which can be viewed as a positive sign of alignment with shareholder interests.
• The acquisitions are part of established employee benefit plans, indicating a structured approach to executive compensation and retention.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The transactions involve the acquisition of shares and restricted share units by an officer of Willis Towers Watson PLC through company-sponsored non-qualified deferred savings and stable value excess plans, which are standard related party transactions in the context of executive compensation.

Stakeholder Impact

• Shareholders: May view the executive's increased equity holdings as a positive sign of alignment between management and shareholder interests.
• Reporting Person (Imran Ahmed Qureshi): Increases personal equity stake and future potential compensation from the company.

Next Steps

• Restricted Share Units (from explanation 2) will settle for Ordinary Shares 6 months after the reporting person's termination date.
• Vested shares under the Willis Towers Watson Non-Qualified Stable Value Excess Plan (from explanation 4) will settle on the first business day of the month on which the NASDAQ Stock Market is open for business following the earlier of (i) 6 months after the reporting person's separation from service and (ii) 30 days after the reporting person's death.

Key Dates

Keywords

Willis Towers Watson, WTW, SEC Form 4, Insider Trading, Executive Compensation, Restricted Share Units, Dividend Equivalents, Employee Stock Plans, Imran Ahmed Qureshi