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 Lloyd M. Yates received restricted stock units under the company's Directors Stock Compensation Plan that convert 1-for-1 into common stock. The Form 4 reports two grant entries tied to director fees and dividend equivalents, showing 174.23 and 43.37 restricted stock units credited, with a reported per-share reference price of $208.055. The report shows the reporting person's beneficial ownership in common stock at 10,243.63 shares following the reported transactions. The filing documents routine, compensation-related equity awards to a director and does not disclose sales, purchases for cash, or other non-compensation transactions.

Il direttore di Marsh & McLennan Companies, Lloyd M. Yates, ha ricevuto unità azionarie vincolate (RSU) previste dal Directors Stock Compensation Plan della società, convertibili 1 a 1 in azioni ordinarie. Il Modulo 4 riporta due voci di assegnazione legate ai compensi da direttore e agli equivalenti di dividendo, con 174,23 e 43,37 RSU accreditate e un prezzo di riferimento per azione indicato di $208.055. Dopo le operazioni segnalate, la proprietà beneficiaria in azioni ordinarie del soggetto segnalante risulta pari a 10.243,63 azioni. Il deposito descrive assegnazioni di equity di natura routine e legate alla remunerazione del direttore, senza indicare vendite, acquisti in contanti o altre operazioni non legate alla compensazione.

El director de Marsh & McLennan Companies, Lloyd M. Yates, recibió unidades restringidas de acciones bajo el Directors Stock Compensation Plan de la compañía, que se convierten 1 a 1 en acciones ordinarias. El Formulario 4 informa dos concesiones vinculadas a honorarios de director y equivalentes de dividendo, mostrando 174.23 y 43.37 unidades restringidas acreditadas, con un precio de referencia por acción informado de $208.055. Tras las transacciones notificadas, la propiedad beneficiaria en acciones ordinarias del informante asciende a 10.243.63 acciones. La presentación documenta adjudicaciones de capital relacionadas con la compensación rutinaria de un director y no revela ventas, compras en efectivo ni otras transacciones no relacionadas con la compensación.

Marsh & McLennan Companies 이사 Lloyd M. Yates는 회사의 이사 주식 보상 계획(Directors Stock Compensation Plan)에 따라 보통주로 1대1 전환되는 제한부 주식 단위(RSU)를 부여받았습니다. Form 4에는 이사 수수료 및 배당 상당액과 관련된 두 건의 수여 항목이 보고되어 174.2343.37 제한부 주식 단위가 적립되었고, 보고된 주당 기준 가격은 $208.055입니다. 보고된 거래 이후 보고인의 보통주 실소유는 10,243.63주로 나타납니다. 해당 제출문서는 이사의 보수 관련 정기 주식 보상 부여를 문서화한 것이며 매도, 현금 매수 또는 보수와 무관한 다른 거래는 공개하지 않습니다.

Le directeur de Marsh & McLennan Companies, Lloyd M. Yates, a reçu des unités d'actions restreintes dans le cadre du Directors Stock Compensation Plan de la société, convertibles 1 pour 1 en actions ordinaires. Le formulaire 4 signale deux attributions liées aux honoraires de directeur et aux équivalents de dividendes, montrant 174.23 et 43.37 unités d'actions restreintes créditées, avec un prix de référence par action déclaré de $208.055. Après les opérations déclarées, la propriété bénéficiaire en actions ordinaires de la personne déclarant s'élève à 10.243.63 actions. Le dépôt documente des attributions d'actions liées à la rémunération courante d'un directeur et ne révèle ni ventes, ni achats en cash, ni autres transactions non liées à la rémunération.

Der Direktor von Marsh & McLennan Companies, Lloyd M. Yates, erhielt Restricted Stock Units im Rahmen des Directors Stock Compensation Plan der Gesellschaft, die 1:1 in Stammaktien umgewandelt werden. Das Formular 4 meldet zwei Zuweisungen im Zusammenhang mit Direktorenhonoraren und Dividendenäquivalenten, wobei 174,23 und 43,37 Restricted Stock Units gutgeschrieben wurden und ein gemeldeter Referenzpreis pro Aktie von $208.055 angegeben ist. Nach den gemeldeten Transaktionen beträgt das wirtschaftliche Eigentum an Stammaktien der meldenden Person 10.243,63 Aktien. Die Einreichung dokumentiert routinemäßige, vergütungsbedingte Equity-Zuweisungen an einen Direktor und gibt keine Verkäufe, Barankäufe oder sonstige nicht vergütungsbezogene Transaktionen an.

Positive
  • Director equity alignment: Restricted stock units were granted as director compensation, increasing the reporting person's beneficial ownership to 10,243.63 shares.
  • Transparent disclosure: The Form 4 specifies the grant sources as director fees and dividend equivalents and the 1-for-1 conversion to common stock.
Negative
  • None.

Insights

TL;DR: Routine director compensation increased insider ownership modestly; no cash purchases or dispositions reported.

The Form 4 documents standard grants of restricted stock units to a director under the Directors Stock Compensation Plan. The awards convert 1-for-1 into common shares and include units credited for dividend equivalents. The combined entries result in reported beneficial ownership of 10,243.63 shares. This is a non-cash, compensation-driven equity grant that typically aligns management and director incentives with shareholders but does not indicate trading intent or liquidity events.

TL;DR: Compensation mechanics disclosed; transaction appears routine and governance-aligned.

The disclosure specifies that units were acquired as director fees and via dividend equivalents under the Directors Stock Compensation Plan and convert to common stock on a one-for-one basis. Such disclosures are standard governance practice to show insider holdings and potential alignment with shareholder interests. There are no exceptional terms, accelerated vesting, or unusual transfer codes noted in the filing text provided.

Il direttore di Marsh & McLennan Companies, Lloyd M. Yates, ha ricevuto unità azionarie vincolate (RSU) previste dal Directors Stock Compensation Plan della società, convertibili 1 a 1 in azioni ordinarie. Il Modulo 4 riporta due voci di assegnazione legate ai compensi da direttore e agli equivalenti di dividendo, con 174,23 e 43,37 RSU accreditate e un prezzo di riferimento per azione indicato di $208.055. Dopo le operazioni segnalate, la proprietà beneficiaria in azioni ordinarie del soggetto segnalante risulta pari a 10.243,63 azioni. Il deposito descrive assegnazioni di equity di natura routine e legate alla remunerazione del direttore, senza indicare vendite, acquisti in contanti o altre operazioni non legate alla compensazione.

El director de Marsh & McLennan Companies, Lloyd M. Yates, recibió unidades restringidas de acciones bajo el Directors Stock Compensation Plan de la compañía, que se convierten 1 a 1 en acciones ordinarias. El Formulario 4 informa dos concesiones vinculadas a honorarios de director y equivalentes de dividendo, mostrando 174.23 y 43.37 unidades restringidas acreditadas, con un precio de referencia por acción informado de $208.055. Tras las transacciones notificadas, la propiedad beneficiaria en acciones ordinarias del informante asciende a 10.243.63 acciones. La presentación documenta adjudicaciones de capital relacionadas con la compensación rutinaria de un director y no revela ventas, compras en efectivo ni otras transacciones no relacionadas con la compensación.

Marsh & McLennan Companies 이사 Lloyd M. Yates는 회사의 이사 주식 보상 계획(Directors Stock Compensation Plan)에 따라 보통주로 1대1 전환되는 제한부 주식 단위(RSU)를 부여받았습니다. Form 4에는 이사 수수료 및 배당 상당액과 관련된 두 건의 수여 항목이 보고되어 174.2343.37 제한부 주식 단위가 적립되었고, 보고된 주당 기준 가격은 $208.055입니다. 보고된 거래 이후 보고인의 보통주 실소유는 10,243.63주로 나타납니다. 해당 제출문서는 이사의 보수 관련 정기 주식 보상 부여를 문서화한 것이며 매도, 현금 매수 또는 보수와 무관한 다른 거래는 공개하지 않습니다.

Le directeur de Marsh & McLennan Companies, Lloyd M. Yates, a reçu des unités d'actions restreintes dans le cadre du Directors Stock Compensation Plan de la société, convertibles 1 pour 1 en actions ordinaires. Le formulaire 4 signale deux attributions liées aux honoraires de directeur et aux équivalents de dividendes, montrant 174.23 et 43.37 unités d'actions restreintes créditées, avec un prix de référence par action déclaré de $208.055. Après les opérations déclarées, la propriété bénéficiaire en actions ordinaires de la personne déclarant s'élève à 10.243.63 actions. Le dépôt documente des attributions d'actions liées à la rémunération courante d'un directeur et ne révèle ni ventes, ni achats en cash, ni autres transactions non liées à la rémunération.

Der Direktor von Marsh & McLennan Companies, Lloyd M. Yates, erhielt Restricted Stock Units im Rahmen des Directors Stock Compensation Plan der Gesellschaft, die 1:1 in Stammaktien umgewandelt werden. Das Formular 4 meldet zwei Zuweisungen im Zusammenhang mit Direktorenhonoraren und Dividendenäquivalenten, wobei 174,23 und 43,37 Restricted Stock Units gutgeschrieben wurden und ein gemeldeter Referenzpreis pro Aktie von $208.055 angegeben ist. Nach den gemeldeten Transaktionen beträgt das wirtschaftliche Eigentum an Stammaktien der meldenden Person 10.243,63 Aktien. Die Einreichung dokumentiert routinemäßige, vergütungsbedingte Equity-Zuweisungen an einen Direktor und gibt keine Verkäufe, Barankäufe oder sonstige nicht vergütungsbezogene Transaktionen an.

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*
Yates Lloyd M

(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 A(2) 174.23 (3) (3) Common Stock 174.23 $208.055 10,200.26 D
Restricted Stk. Units-Dir. Stk. Plan (1) 08/15/2025 J(4) V 43.37 (3) (3) Common Stock 43.37 $208.055 10,243.63 D
Explanation of Responses:
1. The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis.
2. Acquired in connection with director fees pursuant to the Marsh & McLennan Companies Directors Stock Compensation Plan.
3. Not Applicable
4. Acquired with dividend equivalents credited to the reporting person's account under the Marsh & McLennan Companies Directors Stock Compensation Plan.
/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 transactions did MMC director Lloyd M. Yates report on Form 4?

The report shows two awards of restricted stock units credited under the Directors Stock Compensation Plan: 174.23 units and 43.37 units, reflecting director fees and dividend equivalents.

How many MMC shares does the reporting person beneficially own after these transactions?

The Form 4 reports beneficial ownership of 10,243.63 shares of Marsh & McLennan Companies common stock following the reported transactions.

Did the Form 4 report any cash purchases or sales by the director?

No. The filing reports awards of restricted stock units as compensation and dividend equivalents; it does not show cash purchases or dispositions.

What is the conversion rate and price referenced for the restricted stock units?

The restricted stock units convert 1-for-1 into common stock and the filing lists a per-share reference price of $208.055.

Were any unusual transaction codes or expedited transfers disclosed?

The filing lists standard codes for awards and dividend equivalents; no unusual codes or accelerated transfers are indicated in the provided content.
Marsh & Mclennan

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