Form 4: WTW Officer Joseph Kurpis Boosts Share Holdings

Willis Towers Watson's PAO and Controller, Joseph Stephen Kurpis, reported an increase in his beneficial ownership of company shares and restricted share units through dividend equivalents and deferred compensation plans.

Summary

• Joseph Stephen Kurpis, PAO and Controller of Willis Towers Watson PLC (WTW), reported changes in his beneficial ownership of company securities.
• On October 15, 2025, Kurpis acquired 0.486 Ordinary Shares through dividend equivalent rights, bringing his total direct beneficial ownership to 1,204.829 shares.
• He also acquired 0.9335 Restricted Share Units (RSUs) on October 15, 2025, representing dividends and company matching contributions from the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees, increasing his RSU holdings under this plan to 378.7165 units. These RSUs are set to settle for Ordinary Shares on a 1:1 basis 6 months after his termination date.
• Additionally, Kurpis acquired 1.1841 Restricted Share Units (RSUs) on October 15, 2025, representing dividends and company matching contributions from the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees, increasing his RSU holdings under this plan to 438.0174 units. These RSUs are set to settle for Ordinary Shares on a 1:1 basis on the first business day of the month following the earlier of (i) 6 months after his separation from service or (ii) 30 days after his death.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a key officer is increasing their beneficial ownership, even if through routine compensation mechanisms, which generally indicates alignment with shareholder interests. However, the transactions are small and non-discretionary, limiting significant positive sentiment.

Positives

• Joseph Stephen Kurpis, a key officer (PAO and Controller), increased his beneficial ownership of Willis Towers Watson PLC shares and restricted share units.
• The acquisitions are primarily through dividend equivalent rights and company matching contributions within non-qualified deferred compensation plans, indicating continued participation in company incentive and savings programs.
• Increased insider holdings, even through compensation, can signal management's alignment with shareholder interests.

Risks

• No specific risks are detailed in this Form 4 filing, as it primarily reports routine changes in beneficial ownership related to compensation.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

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Stakeholder Impact

• Shareholders: Increased alignment of management interests with shareholders through beneficial ownership, albeit through routine compensation.

Key Dates

Keywords

WTW, Willis Towers Watson, Form 4, Insider Transaction, Beneficial Ownership, Restricted Share Units, Deferred Compensation, Officer Holdings