STOCK TITAN

[Form 4] Marsh & McLennan Companies, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Marsh & McLennan Companies director Tamara Ingram reported acquisition of 32.8 restricted stock units under the company's Directors Stock Compensation Plan, treated as converting 1-for-1 into common stock. The units were acquired via dividend equivalents and are recorded with a per-share reference price of $208.055. After this grant the reporting person’s beneficial ownership is shown as 7,616.23 shares (direct).

The Form 4 discloses a routine compensation-related grant to a director rather than an open-market trade, indicating equity received as part of director pay rather than a purchase or sale.

La direttrice di Marsh & McLennan Companies, Tamara Ingram, ha dichiarato l'acquisizione di 32,8 unità di azioni vincolate nell'ambito del Directors Stock Compensation Plan della società, trattate come convertibili 1 a 1 in azioni ordinarie. Le unità sono state ottenute tramite equivalenti di dividendo e sono registrate con un prezzo di riferimento per azione di $208.055. Dopo questa assegnazione, la detenzione beneficiaria della denunciante risulta pari a 7.616,23 azioni (dirette).

Il modulo Form 4 evidenzia una consueta assegnazione collegata alla retribuzione di un direttore piuttosto che un'operazione sul mercato aperto, indicando che l'equity è stata ricevuta come parte della remunerazione del direttore e non come acquisto o vendita.

La directora de Marsh & McLennan Companies, Tamara Ingram, informó la adquisición de 32,8 unidades de acciones restringidas bajo el Directors Stock Compensation Plan de la compañía, tratadas como convertibles 1 a 1 en acciones ordinarias. Las unidades fueron adquiridas mediante equivalentes de dividendo y se registran con un precio de referencia por acción de $208.055. Tras esta adjudicación, la propiedad beneficiaria de la informante se muestra como 7.616,23 acciones (directas).

El Formulario 4 revela una concesión habitual relacionada con la compensación a un director, no una operación en el mercado abierto, lo que indica que se recibió capital como parte de la remuneración del director y no como una compra o venta.

Marsh & McLennan Companies 이사인 Tamara Ingram은 회사의 이사 주식 보상 계획(Directors Stock Compensation Plan)에 따라 32.8 제한 주식 단위를 취득했다고 보고했으며, 이는 보통주로 1대1 전환되는 것으로 처리되었습니다. 해당 단위는 배당 등가물로 취득되었고 주당 기준 참조가격은 $208.055로 기록되어 있습니다. 이 보조금 이후 보고인의 실질 보유는 7,616.23주(직접 보유)로 표시됩니다.

Form 4는 공개 시장에서의 매매가 아닌 이사 보수와 관련된 통상적인 보조금임을 공개하고 있어, 이는 매수·매도가 아닌 이사 보수의 일부로 주식을 받은 것임을 나타냅니다.

La administratrice de Marsh & McLennan Companies, Tamara Ingram, a déclaré l'acquisition de 32,8 unités d'actions restreintes dans le cadre du Directors Stock Compensation Plan de la société, traitées comme convertibles 1 pour 1 en actions ordinaires. Les unités ont été acquises via des équivalents de dividendes et sont enregistrées avec un prix de référence par action de 208,055 $. Après cette attribution, la participation bénéficiaire de la déclaratrice est indiquée à 7 616,23 actions (directes).

Le formulaire 4 révèle une attribution de rémunération habituelle à un administrateur plutôt qu'une opération sur le marché ouvert, indiquant que les titres ont été reçus dans le cadre de la rémunération de l'administrateur et non par achat ou vente.

Die Direktorin von Marsh & McLennan Companies, Tamara Ingram, meldete den Erwerb von 32,8 Restricted Stock Units im Rahmen des Directors Stock Compensation Plan des Unternehmens, die 1:1 in Stammaktien umgewandelt werden. Die Einheiten wurden als Dividendenäquivalente erworben und mit einem Referenzpreis pro Aktie von $208.055 verbucht. Nach dieser Zuteilung wird das wirtschaftliche Eigentum der meldepflichtigen Person mit 7.616,23 Aktien (direkt) angegeben.

Das Formular 4 macht deutlich, dass es sich um eine routinemäßige, vergütungsbezogene Zuteilung an eine Direktorin handelt und nicht um einen Handel an der Börse, also um Aktien, die als Teil der Direktorenvergütung empfangen wurden, nicht um einen Kauf oder Verkauf.

Positive
  • None.
Negative
  • None.

Insights

TL;DR Director received a small, routine equity grant via dividend equivalents under the director compensation plan; this is standard governance practice.

The reported acquisition of 32.8 restricted stock units reflects compensation delivered as equity to align the director with shareholder interests. The units convert 1-for-1 to common shares and were credited as dividend equivalents, which is a customary mechanism to provide equity value tied to dividends. The transaction appears administrative and non-material relative to outstanding company shares.

TL;DR This Form 4 shows a compensation grant, not a market trade; the position size is small and unlikely to affect valuation or control.

The detail lists a conversion ratio of 1-for-1 and a per-share reference price of $208.055 for the restricted stock units, with resulting beneficial ownership of 7,616.23 shares (direct). Such director awards are standard and typically intended for retention and alignment, with minimal immediate market impact given the small share count disclosed.

La direttrice di Marsh & McLennan Companies, Tamara Ingram, ha dichiarato l'acquisizione di 32,8 unità di azioni vincolate nell'ambito del Directors Stock Compensation Plan della società, trattate come convertibili 1 a 1 in azioni ordinarie. Le unità sono state ottenute tramite equivalenti di dividendo e sono registrate con un prezzo di riferimento per azione di $208.055. Dopo questa assegnazione, la detenzione beneficiaria della denunciante risulta pari a 7.616,23 azioni (dirette).

Il modulo Form 4 evidenzia una consueta assegnazione collegata alla retribuzione di un direttore piuttosto che un'operazione sul mercato aperto, indicando che l'equity è stata ricevuta come parte della remunerazione del direttore e non come acquisto o vendita.

La directora de Marsh & McLennan Companies, Tamara Ingram, informó la adquisición de 32,8 unidades de acciones restringidas bajo el Directors Stock Compensation Plan de la compañía, tratadas como convertibles 1 a 1 en acciones ordinarias. Las unidades fueron adquiridas mediante equivalentes de dividendo y se registran con un precio de referencia por acción de $208.055. Tras esta adjudicación, la propiedad beneficiaria de la informante se muestra como 7.616,23 acciones (directas).

El Formulario 4 revela una concesión habitual relacionada con la compensación a un director, no una operación en el mercado abierto, lo que indica que se recibió capital como parte de la remuneración del director y no como una compra o venta.

Marsh & McLennan Companies 이사인 Tamara Ingram은 회사의 이사 주식 보상 계획(Directors Stock Compensation Plan)에 따라 32.8 제한 주식 단위를 취득했다고 보고했으며, 이는 보통주로 1대1 전환되는 것으로 처리되었습니다. 해당 단위는 배당 등가물로 취득되었고 주당 기준 참조가격은 $208.055로 기록되어 있습니다. 이 보조금 이후 보고인의 실질 보유는 7,616.23주(직접 보유)로 표시됩니다.

Form 4는 공개 시장에서의 매매가 아닌 이사 보수와 관련된 통상적인 보조금임을 공개하고 있어, 이는 매수·매도가 아닌 이사 보수의 일부로 주식을 받은 것임을 나타냅니다.

La administratrice de Marsh & McLennan Companies, Tamara Ingram, a déclaré l'acquisition de 32,8 unités d'actions restreintes dans le cadre du Directors Stock Compensation Plan de la société, traitées comme convertibles 1 pour 1 en actions ordinaires. Les unités ont été acquises via des équivalents de dividendes et sont enregistrées avec un prix de référence par action de 208,055 $. Après cette attribution, la participation bénéficiaire de la déclaratrice est indiquée à 7 616,23 actions (directes).

Le formulaire 4 révèle une attribution de rémunération habituelle à un administrateur plutôt qu'une opération sur le marché ouvert, indiquant que les titres ont été reçus dans le cadre de la rémunération de l'administrateur et non par achat ou vente.

Die Direktorin von Marsh & McLennan Companies, Tamara Ingram, meldete den Erwerb von 32,8 Restricted Stock Units im Rahmen des Directors Stock Compensation Plan des Unternehmens, die 1:1 in Stammaktien umgewandelt werden. Die Einheiten wurden als Dividendenäquivalente erworben und mit einem Referenzpreis pro Aktie von $208.055 verbucht. Nach dieser Zuteilung wird das wirtschaftliche Eigentum der meldepflichtigen Person mit 7.616,23 Aktien (direkt) angegeben.

Das Formular 4 macht deutlich, dass es sich um eine routinemäßige, vergütungsbezogene Zuteilung an eine Direktorin handelt und nicht um einen Handel an der Börse, also um Aktien, die als Teil der Direktorenvergütung empfangen wurden, nicht um einen Kauf oder Verkauf.

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*
Ingram Tamara

(Last) (First) (Middle)
C/O MARSH & MCLENNAN COMPANIES, INC.
1166 AVENUE OF THE AMERICAS

(Street)
NEW YORK NY 10036

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MARSH & MCLENNAN COMPANIES, INC. [ MMC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stk. Units-Dir. Stk. Plan (1) 08/15/2025 J(2) V 32.8 (3) (3) Common Stock 32.8 $208.055 7,616.23 D
Explanation of Responses:
1. The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis.
2. Acquired with dividend equivalents credited to the reporting person's account under the Marsh & McLennan Companies Directors Stock Compensation Plan.
3. Not Applicable
/s/ Tessa Patti, Attorney-in-fact 08/18/2025
** 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.

FAQ

What did MMC director Tamara Ingram acquire?

The reporting person acquired 32.8 restricted stock units that convert 1-for-1 into Marsh & McLennan common stock.

How were the restricted stock units obtained?

They were acquired with dividend equivalents credited under the Marsh & McLennan Companies Directors Stock Compensation Plan.

What is the per-share reference price shown on the Form 4?

The Form 4 lists a per-share reference price of $208.055 for the reported restricted stock units.

How many shares does the reporting person beneficially own after this transaction?

The Form 4 reports 7,616.23 shares beneficially owned following the reported transaction.

Was this transaction a purchase or a sale in the open market?

No. The Form 4 reflects a compensation-related award (restricted stock units) rather than an open-market purchase or sale.
Marsh & Mclennan

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