Form 4: WTW Executive Acquires Restricted Share Units

Willis Towers Watson Co-Head of Corporate Development, Anne Pullum, acquired additional restricted share units through company deferred compensation plans.

Summary

• Anne Pullum, Co-Head of Corporate Development at Willis Towers Watson PLC (WTW), acquired restricted share units (RSUs).
• A total of 45.3809 RSUs were acquired through the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees.
• An additional 9.5708 RSUs were acquired through the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees.
• Both sets of RSUs were acquired on January 12, 2026, at a price of $329.45 per unit.
• Following these transactions, Anne Pullum beneficially owns 2,427.8355 RSUs from the Deferred Savings Plan and 906.7219 RSUs from the Stable Value Excess Plan.
• The RSUs settle for Ordinary Shares on a 1:1 basis, with a nominal value of $0. per share.
• Settlement for the Deferred Savings Plan RSUs occurs 6 months after the reporting person's termination date.
• Settlement for the Stable Value Excess Plan RSUs occurs on the first business day of the month on which NASDAQ is open, following the earlier of 6 months after separation from service or 30 days after the reporting person's death.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive. While a routine compensation event, the acquisition of shares by an executive generally signals confidence and aligns management's interests with shareholders, which is a positive indicator.

Positives

• The acquisition of restricted share units by a key executive aligns their interests with those of shareholders, as the value of these units is tied to the company's stock performance.
• Participation in company deferred compensation plans demonstrates commitment and long-term engagement from management.

Future Outlook

The filing details the future settlement conditions for the acquired restricted share units, which are contingent upon the reporting person's termination or separation from service, or death.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically the acquisition of equity-based compensation by a senior executive. Such transactions are common in the financial services and consulting industry as a means of executive incentive and retention, aligning management's financial interests with long-term shareholder value.

Corporate Governance

Related Party Transactions

• The acquisition of restricted share units by Anne Pullum, an officer of Willis Towers Watson, through company-sponsored deferred compensation plans, constitutes a related party transaction as it involves compensation provided by the issuer to a key management personnel.

Stakeholder Impact

• Shareholders: Increased alignment of executive incentives with long-term shareholder value through equity-based compensation.
• Employees: The filing highlights the structure of non-qualified deferred compensation plans available to U.S. employees, which can be a component of overall employee benefits and retention strategies.

Next Steps

• The restricted share units will settle into Ordinary Shares on a 1:1 basis upon the occurrence of specific future events, such as the reporting person's termination or separation from service, or death, as per the terms of the respective plans.

Key Dates

Keywords

Willis Towers Watson, WTW, Restricted Share Units, Executive Compensation, Insider Transaction, Deferred Compensation, Corporate Development