Form 4: WTW CFO Boosts RSU Holdings Through Deferred Plans

Willis Towers Watson's Chief Financial Officer, Andrew Krasner, increased his beneficial ownership of restricted share units through company deferred compensation plans.

Summary

• Andrew Krasner, Chief Financial Officer of Willis Towers Watson PLC (WTW), acquired additional restricted share units (RSUs) on October 9, 2025.
• Krasner acquired 56.8731 RSUs at a price of $337.39 per unit through the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees, including participant deferral and company matching contributions.
• Following this transaction, his beneficial ownership under this plan increased to 2,008.3284 RSUs.
• Additionally, Krasner acquired 11.9544 RSUs at $337.39 per unit through his deferral election under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees.
• His beneficial ownership under the Stable Value Excess Plan now stands at 687.7467 RSUs.
• These RSUs will settle for Ordinary Shares on a 1:1 basis upon specific future events, such as termination or separation from service.

Sentiment

Score: 7

Explanation: The acquisition of restricted share units by the CFO, even through compensation plans, generally indicates continued confidence in the company's long-term prospects and aligns management's interests with shareholders.

Positives

• CFO Andrew Krasner increased his beneficial ownership of Willis Towers Watson PLC (WTW) restricted share units, signaling continued alignment with shareholder interests.
• The acquisitions were made through company deferred compensation plans, indicating participation in long-term incentive structures for executive management.

Future Outlook

Restricted share units acquired under the Non-Qualified Deferred Savings Plan will settle for Ordinary Shares on a 1:1 basis six months after the reporting person's termination date. Vested shares under the Non-Qualified Stable Value Excess Plan will settle on a 1:1 basis on the first business day of the month following the earlier of six months after separation from service or 30 days after the reporting person's death.

Industry Context

This filing is a routine disclosure of an insider transaction related to executive compensation and does not provide information directly related to broader industry trends or competitive landscape.

Corporate Governance

Related Party Transactions

• Acquisition of restricted share units by Chief Financial Officer Andrew Krasner through Willis Towers Watson's Non-Qualified Deferred Savings Plan for U.S. Employees.
• Acquisition of restricted share units by Chief Financial Officer Andrew Krasner through Willis Towers Watson's Non-Qualified Stable Value Excess Plan for U.S. Employees.

Stakeholder Impact

• Shareholders: Increased alignment of the CFO's interests with the company's long-term performance through additional RSU holdings.
• Employees: The filing highlights the existence and utilization of non-qualified deferred compensation plans for U.S. employees, which are part of the company's executive compensation and benefits structure.

Next Steps

• Settlement of 56.8731 restricted share units for Ordinary Shares 6 months after Andrew Krasner's termination date.
• Settlement of 11.9544 restricted share units for Ordinary Shares on the first business day of the month following the earlier of 6 months after Andrew Krasner's separation from service or 30 days after his death.

Key Dates

Recommendation

This Form 4 filing details routine acquisitions of restricted share units by the CFO through deferred compensation plans. While it indicates continued alignment of management's interests with the company's long-term performance, it does not present new information that would fundamentally alter the investment thesis or warrant a change in recommendation. It is a standard disclosure of executive compensation activity.

Keywords

WTW, Willis Towers Watson, Andrew Krasner, CFO, Form 4, RSU, Restricted Share Units, Insider Transaction, Executive Compensation, Deferred Compensation