STOCK TITAN

Aon plc (NYSE: AON) outlines Eric Andersen’s exit terms and equity vesting

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Aon plc disclosed that Aon Corporation entered into a separation agreement with Eric Andersen in connection with his departure from the company effective January 31, 2026. Andersen had previously moved from President of Aon plc and Aon Corporation to the role of Senior Advisor in March 2025.

Under the separation agreement, Andersen will receive a cash lump sum equal to his 2025 target annual incentive under the company’s annual incentive compensation plan. Certain outstanding performance share units

Positive

  • None.

Negative

  • None.
false 0000315293 0000315293 2026-01-06 2026-01-06 0000315293 us-gaap:CapitalUnitClassAMember 2026-01-06 2026-01-06 0000315293 aon:GuaranteesOfAonPlcs2.875SeniorNotesDue20265Member 2026-01-06 2026-01-06 0000315293 aon:GuaranteesOfAonCorporationAndAonGlobalHoldingsPlcs285SeniorNotesDue2027Member 2026-01-06 2026-01-06 0000315293 aon:GuaranteesOfAonNorthAmericaInc.s5.125SeniorNotesDue2027Member 2026-01-06 2026-01-06 0000315293 aon:GuaranteesOfAonNorthAmericaInc.s5.150SeniorNotesDue2029Member 2026-01-06 2026-01-06 0000315293 aon:GuaranteesOfAonCorporationAndAonGlobalHoldingsPlcs2.05SeniorNotesDue203110Member 2026-01-06 2026-01-06 0000315293 aon:GuaranteesOfAonCorporationAndAonGlobalHoldingsPlcs2.60SeniorNotesDue20316Member 2026-01-06 2026-01-06 0000315293 aon:GuaranteesOfAonNorthAmericaInc.s5.300SeniorNotesDue2031Member 2026-01-06 2026-01-06 0000315293 aon:GuaranteesOfAonCorporationAndAonGlobalHoldingsPlcs5.00SeniorNotesDue20327Member 2026-01-06 2026-01-06 0000315293 aon:GuaranteesOfAonCorporationAndAonGlobalHoldingsPlcs5.35SeniorNotesDue20338Member 2026-01-06 2026-01-06 0000315293 aon:GuaranteesOfAonNorthAmericaInc.s5.450SeniorNotesDue2034Member 2026-01-06 2026-01-06 0000315293 aon:GuaranteesOfAonPlcs4.25SeniorNotesDue20421Member 2026-01-06 2026-01-06 0000315293 aon:GuaranteesOfAonPlcs4.45SeniorNotesDue20432Member 2026-01-06 2026-01-06 0000315293 aon:GuaranteesOfAonPlcs4.60SeniorNotesDue20443Member 2026-01-06 2026-01-06 0000315293 aon:GuaranteesOfAonPlcs4.75SeniorNotesDue20454Member 2026-01-06 2026-01-06 0000315293 aon:GuaranteesOfAonCorporationAndAonGlobalHoldingsPlcs2.90SeniorNotesDue20519Member 2026-01-06 2026-01-06 0000315293 aon:GuaranteesOfAonCorporationAndAonGlobalHoldingsPlcs390SeniorNotesDue2052Member 2026-01-06 2026-01-06 0000315293 aon:GuaranteesOfAonNorthAmericaInc.s5.750SeniorNotesDue2054Member 2026-01-06 2026-01-06
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): January 6, 2026

 

 

Aon plc

(Exact Name of Registrant as Specified in Charter)

 

 

 

Ireland   1-7933   98-1539969
(State or Other Jurisdiction
of Incorporation)
 

(Commission

File Number)

  (IRS Employer
Identification No.)

15 George’s Quay, Dublin 2, Ireland D02 VR98

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: +353 1 266 6000

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange
on which registered

Class A Ordinary Shares $0.01 nominal value   AON   New York Stock Exchange
Guarantees of Aon plc’s 2.875% Senior Notes due 2026   AON26   New York Stock Exchange
Guarantees of Aon Corporation and Aon Global Holdings plc’s 2.85% Senior Notes due 2027   AON27   New York Stock Exchange
Guarantees of Aon North America, Inc.’s 5.125% Senior Notes due 2027   AON27B   New York Stock Exchange
Guarantees of Aon North America, Inc.’s 5.150% Senior Notes due 2029   AON29   New York Stock Exchange
Guarantees of Aon Corporation and Aon Global Holdings plc’s 2.05% Senior Notes due 2031   AON31   New York Stock Exchange
Guarantees of Aon Corporation and Aon Global Holdings plc’s 2.60% Senior Notes due 2031   AON31A   New York Stock Exchange
Guarantees of Aon North America, Inc.’s 5.300% Senior Notes due 2031   AON31B   New York Stock Exchange
Guarantees of Aon Corporation and Aon Global Holdings plc’s 5.00% Senior Notes due 2032   AON32   New York Stock Exchange
Guarantees of Aon Corporation and Aon Global Holdings plc’s 5.35% Senior Notes due 2033   AON33   New York Stock Exchange
Guarantees of Aon North America, Inc.’s 5.450% Senior Notes due 2034   AON34   New York Stock Exchange
Guarantees of Aon plc’s 4.25% Senior Notes due 2042   AON42   New York Stock Exchange
Guarantees of Aon plc’s 4.45% Senior Notes due 2043   AON43   New York Stock Exchange
Guarantees of Aon plc’s 4.60% Senior Notes due 2044   AON44   New York Stock Exchange
Guarantees of Aon plc’s 4.75% Senior Notes due 2045   AON45   New York Stock Exchange
Guarantees of Aon Corporation and Aon Global Holdings plc’s 2.90% Senior Notes due 2051   AON51   New York Stock Exchange
Guarantees of Aon Corporation and Aon Global Holdings plc’s 3.90% Senior Notes due 2052   AON52   New York Stock Exchange
Guarantees of Aon North America, Inc.’s 5.750% Senior Notes due 2054   AON54   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Reference is hereby made to the Current Report on Form 8-K filed by Aon plc on March 17, 2025, which disclosed that on March 14, 2025, Eric Andersen had transitioned to the role of Senior Advisor from the role of President of Aon plc and Aon Corporation.

On January 6, 2026, Aon Corporation, an indirect, wholly owned subsidiary of Aon plc (Aon plc together with its subsidiaries, “Aon” or the “Company”), entered into a separation agreement with Mr. Andersen (the “Separation Agreement”), in connection with Mr. Andersen’s departure from the Company effective January 31, 2026 (the “Separation Date”).

Pursuant to the terms of the Separation Agreement, Mr. Andersen will receive a cash lump sum equal to Mr. Andersen’s 2025 target annual incentive under the annual incentive compensation plan. Mr. Andersen’s outstanding equity awards will be treated as follows, with capitalized terms as defined in Exhibit A to the Separation Agreement: (i) the LPP 19 PSUs, the 3x3PP PSUs, and the Special PSUs will be forfeited without consideration, (ii) the LPP 18 PSUs and the 2023 ISP RSUs will vest in the first quarter of 2026 in accordance with their terms, disregarding continued employment conditions; and (iii) the 2025 ISP RSUs will vest no later than February 13, 2026. The separation benefits described above, including equity treatment, are being provided in consideration for Mr. Andersen’s timely agreement to (and non-revocation of) a general release of claims and compliance with the terms and conditions of the Separation Agreement.

The foregoing summary of the Separation Agreement is qualified in its entirety by reference to the Separation Agreement, a copy of which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 9.01.

Financial Statements and Exhibits

(d) Exhibits

 

Exhibit

Number

  

Description of Exhibit

10.1    Separation Agreement, dated as of January 6, 2026, by and between Aon Corporation and Eric Andersen
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Aon plc
By:  

/s/ Darren Zeidel

Name:   Darren Zeidel
Title:   Executive Vice President, General Counsel and Company Secretary

Date: January 7, 2026

FAQ

What executive change did Aon (AON) report for Eric Andersen?

Aon reported that Eric Andersen entered into a separation agreement in connection with his departure from the company, effective January 31, 2026. He had previously transitioned from President to Senior Advisor in March 2025.

What cash payment will Eric Andersen receive under Aon’s separation agreement?

Under the separation agreement, Eric Andersen will receive a cash lump sum equal to his 2025 target annual incentive under Aon’s annual incentive compensation plan.

How are Eric Andersen’s performance share units and RSUs treated in the AON separation agreement?

The agreement provides that LPP 19 PSUs, 3x3PP PSUs and Special PSUs will be forfeited without consideration. LPP 18 PSUs and 2023 ISP RSUs will vest in the first quarter of 2026, and 2025 ISP RSUs will vest no later than February 13, 2026.

Are Eric Andersen’s equity awards subject to continued employment at Aon (AON)?

For certain awards, including LPP 18 PSUs and 2023 ISP RSUs, vesting will occur in the first quarter of 2026 in accordance with their terms while disregarding continued employment conditions. The 2025 ISP RSUs will vest no later than February 13, 2026.

What conditions must Eric Andersen meet to receive separation benefits from Aon?

The separation benefits, including the cash payment and equity treatment, are provided in exchange for Eric Andersen’s timely agreement to, and non-revocation of, a general release of claims and his compliance with the terms of the separation agreement.

Where can investors find the full text of Eric Andersen’s separation agreement with Aon?

The complete separation agreement between Aon Corporation and Eric Andersen is filed as Exhibit 10.1 to the report and is incorporated by reference.

Aon Plc

NYSE:AON

AON Rankings

AON Latest News

AON Latest SEC Filings

AON Stock Data

75.33B
208.54M
3.04%
90.35%
0.85%
Insurance Brokers
Insurance Agents, Brokers & Service
Link
Ireland
DUBLIN 2