Form 4: WTW Chief HR Officer Acquires Restricted Share Units

Willis Towers Watson PLC's Chief Human Resources Officer, Kristy D. Banas, acquired restricted share units as part of compensation plans.

Summary

• Kristy D. Banas, Chief Human Resources Officer of Willis Towers Watson PLC (WTW), acquired additional restricted share units (RSUs).
• On January 12, 2026, Banas acquired 37.9384 RSUs pursuant to the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees.
• Also on January 12, 2026, Banas acquired 7.9954 RSUs pursuant to the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees.
• The RSUs settle for Ordinary Shares, nominal value $0. per share, on a 1:1 basis.
• The implied price per RSU for these transactions was $329.45.
• Following these transactions, Banas beneficially owns 1,174.9983 RSUs directly from the Deferred Savings Plan and 533.1594 RSUs directly from the Stable Value Excess Plan.

Sentiment

Score: 6

Explanation: Slightly positive as it indicates an executive's continued equity accumulation, aligning interests with shareholders, though it's a routine compensation event rather than an open market purchase.

Positives

• Acquisition of additional restricted share units by a key executive, indicating continued alignment of interests with shareholders.
• The grants are part of established employee compensation and deferred savings plans, reflecting standard corporate practices.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the settlement terms of the restricted share units.

Industry Context

This filing represents a routine executive compensation event, common across publicly traded companies, where restricted share units are granted to align executive interests with long-term shareholder value. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Executive's equity accumulation aligns interests with long-term shareholder value.
• Employees: Reflects standard executive compensation practices within the company's deferred savings and excess plans.

Next Steps

• Restricted share units acquired under the Non-Qualified Deferred Savings Plan will settle for Ordinary Shares on a 1:1 basis 6 months after the reporting person's termination date.
• Vested shares under the Non-Qualified Stable Value Excess Plan will settle for Ordinary Shares on a 1:1 basis 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, Kristy D. Banas, Restricted Share Units, RSU, Insider Transaction, Compensation, Deferred Savings Plan, Executive Compensation