Form 4: Willis Towers Watson PLC: CEO Carl Hess Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Carl Hess reports changes in beneficial ownership of Willis Towers Watson PLC shares, including the vesting of restricted share units under the Non-Qualified Stable Value Excess Plan.
Summary
- Carl Hess, CEO of Willis Towers Watson PLC, filed a Form 4 with the SEC on August 15, 2024, reporting changes in his beneficial ownership of the company's securities.
- The reported transactions include the vesting of restricted share units under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees.
- A total of 63.7967 restricted share units vested on August 13, 2024, and will settle for ordinary shares on a 1:1 basis under specific conditions related to separation from service or death.
- Following the reported transaction, Hess's holdings include 7,748.2056 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 08/13/2024 | Date of transaction: Vesting of restricted share units. |
| 08/15/2024 | Date of Form 4 filing. |
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