Why did AON director Cheryl A. Francis pay $0.01 per share on the grant?

Under Irish law, Francis agreed to pay Aon plc the nominal value of $0.01 per share for the 776.0000 Class A Ordinary Shares granted annually to each non-employee director, as disclosed in the Form 4 footnotes.

Aon (NYSE: AON) director Cheryl Francis receives share award with tax withholding

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Aon plc director Cheryl A. Francis reported routine equity compensation activity involving Class A Ordinary Stock. She received an annual grant of 776.0000 Class A Ordinary Shares as a non-employee director, with a nominal value of $0.01 per share paid to the issuer in line with Irish law. On the same date, 186.2350 shares were withheld by Aon plc to cover taxes related to this award at a price of $315.9500 per share, which is a tax-withholding disposition rather than an open-market sale. Following these transactions, Francis directly holds 29,479.9700 Class A Ordinary Shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider FRANCIS CHERYL A

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Ordinary Stock	776	$0.00	--
Tax Withholding	Class A Ordinary Stock	186.235	$315.95	$59K

Holdings After Transaction: Class A Ordinary Stock — 29,479.97 shares (Direct, null)

Footnotes (1)

Class A Ordinary Shares granted annually to each non-employee director of Aon plc. In accordance with Irish law, reporting person agreed to pay the issuer the nominal value of US $0.01 per share issued to the reporting person. Class A Ordinary Shares withheld by the issuer for payment of taxes in connection with the award.

Key Figures

Equity grant: 776.0000 shares Tax withholding shares: 186.2350 shares Tax withholding price: $315.9500 per share +2 more

5 metrics

Equity grant 776.0000 shares Annual Class A Ordinary Shares granted to non-employee director

Tax withholding shares 186.2350 shares Shares withheld by issuer to pay taxes on award

Tax withholding price $315.9500 per share Value used for shares withheld for tax obligations

Post-transaction holdings 29,479.9700 shares Class A Ordinary Shares held directly after transactions

Nominal value paid $0.01 per share Nominal value for granted shares under Irish law

Key Terms

Class A Ordinary Shares, non-employee director, tax-withholding disposition, nominal value

4 terms

Class A Ordinary Shares financial

"Class A Ordinary Shares granted annually to each non-employee director of Aon plc."

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

non-employee director financial

"Class A Ordinary Shares granted annually to each non-employee director of Aon plc."

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" for 186.2350 shares at $315.9500 per share."

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

nominal value financial

"reporting person agreed to pay the issuer the nominal value of US $0.01 per share"

Nominal value is the stated or face amount assigned to a financial instrument — for shares it’s the par value printed on the stock certificate, and for money or returns it can mean the number not adjusted for inflation. Think of it like a price tag on an item versus its buying power: the tag tells you the label, but not how much you can actually buy. Investors care because nominal values affect accounting, legal capital, dividend calculations and comparisons over time when inflation may distort real worth.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 06:12 PM Accepted by SEC EDGAR 06/29/2026 - 06:12 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FRANCIS CHERYL A

(Last)

(First)

(Middle)

200 EAST RANDOLPH ST.

(Street)

CHICAGO

ILLINOIS

60601

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Aon plc [ AON ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Ordinary Stock	06/25/2026		A⁽¹⁾		776	A	⁽¹⁾	29,479.97	D
Class A Ordinary Stock	06/25/2026		F⁽²⁾		186.235	D	$315.95	29,293.735	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Class A Ordinary Shares granted annually to each non-employee director of Aon plc. In accordance with Irish law, reporting person agreed to pay the issuer the nominal value of US $0.01 per share issued to the reporting person.

2. Class A Ordinary Shares withheld by the issuer for payment of taxes in connection with the award.

	/s/ Colby Alexis - Colby Alexis pursuant to a power of attorney from Cheryl Francis	06/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did AON director Cheryl A. Francis report?

Cheryl A. Francis reported a routine equity grant and related tax withholding. She received 776.0000 Class A Ordinary Shares and had 186.2350 shares withheld by Aon plc to cover taxes on the award.

Was the AON Form 4 transaction an open-market sale or purchase?

The Form 4 shows no open-market buy or sell. Shares were acquired through an equity award and a portion, 186.2350 shares, was withheld by Aon plc solely to satisfy tax obligations on that grant.

How many AON shares does Cheryl A. Francis hold after this Form 4?

After the reported transactions, Cheryl A. Francis directly holds 29,479.9700 Class A Ordinary Shares of Aon plc, reflecting the net effect of the 776.0000-share grant and the 186.2350-share tax withholding.

What price was used for the AON tax-withholding shares on the Form 4?

The tax-withholding disposition used a value of $315.9500 per share. A total of 186.2350 Class A Ordinary Shares were withheld by Aon plc at this price to cover the tax liability on the equity award.