Form 4: WTW CEO Carl Hess Reports RSU Grant

Willis Towers Watson PLC CEO Carl Hess disclosed the acquisition of 57.218 Restricted Share Units under an employee plan.

Summary

• Carl Aaron Hess, Chief Executive Officer and Director of Willis Towers Watson PLC (WTW), reported a transaction involving the acquisition of 57.218 Restricted Share Units (RSUs).
• The transaction date for these RSUs was August 1, 2025.
• These RSUs were acquired at a price of $0, consistent with their nature as a grant under an employee compensation plan.
• Following this transaction, Carl Hess beneficially owns 8,121.4059 derivative securities, specifically Restricted Share Units.
• The RSUs are part of the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees.
• Vested shares from this plan settle on a 1:1 basis for Ordinary Shares on the first business day of the month following the earlier of six months after the reporting person's separation from service or 30 days after their death.
• The reported units include those credited by the company via the plan's accrual formula, net of any participant contributions.

Sentiment

Score: 5

Explanation: The filing reports a routine executive compensation event (RSU grant/vesting), which is a neutral disclosure and does not indicate a significant positive or negative shift in the company's operational or financial performance.

Future Outlook

The filing details the future settlement conditions for the Restricted Share Units, indicating they will convert to ordinary shares on a 1:1 basis following specific events related to the reporting person's separation from service or death.

Industry Context

This filing is a routine disclosure of executive compensation, common across publicly traded companies, reflecting the ongoing remuneration structure for key management personnel within the professional services and consulting industry.

Related Party Transactions

• The acquisition of Restricted Share Units by Carl Hess, the Chief Executive Officer, is a transaction between the company and a key management personnel, consistent with an established employee compensation plan.

Stakeholder Impact

• Shareholders: This is a routine compensation disclosure and is unlikely to have a significant direct impact on share price or shareholder value.
• Employees: The transaction is part of an existing employee plan, indicating ongoing compensation structures for executives.

Next Steps

• The Restricted Share Units will settle for Ordinary Shares on a 1:1 basis on the first business day of the month following the earlier of six months after the reporting person's separation from service or 30 days after their death.

Key Dates

Keywords

Willis Towers Watson, WTW, Carl Hess, Restricted Share Units, RSU, Executive Compensation, Insider Transaction, SEC Form 4, Employee Plan