Director at Marsh & McLennan (MMC) updates restricted stock unit holdings

Rhea-AI Filing Summary

Marsh & McLennan Companies director Anthony Anderson reported administrative updates to his equity holdings. On February 13, 2026, an entry labeled as an “other” transaction involved 80.98 restricted stock units under the Directors Stock Plan, tied to a reference price of $172.98 per unit.

Footnotes explain these restricted stock units accrue from dividend equivalents and convert into common stock on a 1-for-1 basis. Following these updates, Anderson reported 15,644.66 restricted stock units and 2,014.102 common shares held directly. The activity reflects plan-related credits rather than open-market buying or selling.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Anderson Anthony

Role Director

Type	Security	Shares	Price	Value
Other	Restricted Stk. Units-Dir. Stk. Plan	80.98	$172.98	$14K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stk. Units-Dir. Stk. Plan — 15,644.66 shares (Direct); Common Stock — 2,014.102 shares (Direct)

Footnotes (1)

1. Amount includes shares acquired pursuant to a dividend reinvestment plan. The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis. Acquired with dividend equivalents credited to the reporting person's account under the Marsh & McLennan Companies Directors Stock Compensation Plan. Not Applicable

Form 4 Insider Transactions: What Each Field Means →

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^*

Anderson Anthony

(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. [ MRSH ]

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)
02/13/2026

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
Common Stock								2,014.102(1)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stk. Units-Dir. Stk. Plan	(2)	02/13/2026		J(3)	V	80.98		(4)	(4)	Common Stock	80.98	$172.98	15,644.66	D

Explanation of Responses:

1. Amount includes shares acquired pursuant to a dividend reinvestment plan.

2. The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis.

3. Acquired with dividend equivalents credited to the reporting person's account under the Marsh & McLennan Companies Directors Stock Compensation Plan.

4. Not Applicable

	/s/ Tessa Patti, Attorney-in-fact	02/18/2026
	** 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.

FAQ

What insider activity did MMC director Anthony Anderson report on this Form 4?

Anthony Anderson reported an administrative update involving 80.98 restricted stock units on February 13, 2026. The units were credited as dividend equivalents under the Directors Stock Compensation Plan and are distinct from open-market stock purchases or sales.

How many Marsh & McLennan (MMC) restricted stock units does Anthony Anderson now hold?

After the reported activity, Anthony Anderson holds 15,644.66 restricted stock units directly. These units are tied to the Marsh & McLennan Directors Stock Plan and are designed to convert into common stock on a 1-for-1 basis in the future.

Did Anthony Anderson buy or sell MMC common stock in this Form 4 filing?

The Form 4 does not show an open-market buy or sell of MMC stock. Instead, it records an “other” transaction where dividend equivalent credits increased his restricted stock units under the Directors Stock Compensation Plan.

How many MMC common shares does Anthony Anderson directly own after this transaction?

Following the reported transactions, Anthony Anderson directly owns 2,014.102 shares of Marsh & McLennan common stock. This figure reflects his direct holdings and is reported separately from the restricted stock units linked to the directors’ stock plans.

What does a 1-for-1 conversion of MMC restricted stock units mean for Anthony Anderson?

A 1-for-1 conversion means each restricted stock unit will convert into one MMC common share when it settles. For Anderson, his 15,644.66 restricted stock units can ultimately become the same number of common shares, subject to the plan’s terms and vesting.

How were the new MMC restricted stock units credited to Anthony Anderson’s account?

The additional restricted stock units were credited through dividend equivalents under Marsh & McLennan’s Directors Stock Compensation Plan. When the company pays dividends, equivalent value is credited in the form of additional units rather than cash to the director’s plan account.