MMC grants 14,907 RSUs to senior executive

Beswick Paul reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Beswick Paul reported acquisition or exercise transactions in this Form 4 filing.

Marsh & McLennan Companies reported that SVP and Chief Information Officer Paul Beswick received a grant of 14,907 restricted stock units. These RSUs represent future rights to receive an equal number of Marsh & McLennan common shares on a 1-for-1 basis.

The restricted stock units vest in three equal annual installments on May 15, 2027, May 15, 2028, and May 15, 2029, encouraging longer-term alignment between the executive and shareholders. All 14,907 RSUs are reported as directly owned following this grant.

Insider Trade Summary

Grant/Award: 14,907 shares

Grant/Award 1 txn

Insider Beswick Paul

Role SVP, Chief Information Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	14,907	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 14,907 contracts (Direct)

Footnotes (3)

1. F1. The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis.
2. F2. These restricted stock units vest in three equal annual installments on May 15, 2027, 2028 and 2029.
3. F3. Not Applicable

Key Figures

RSUs granted: 14,907 units Post-grant RSU holdings: 14,907 units Conversion ratio: 1-for-1 +3 more

6 metrics

RSUs granted 14,907 units Restricted stock units granted to SVP & CIO Paul Beswick

Post-grant RSU holdings 14,907 units Total restricted stock units directly owned after the award

Conversion ratio 1-for-1 Each restricted stock unit converts into one common share

First vesting date May 15, 2027 First of three equal annual vesting installments

Second vesting date May 15, 2028 Second of three equal annual vesting installments

Third vesting date May 15, 2029 Final vesting installment for the RSU award

Key Terms

Restricted Stock Units, 1-for-1 basis, vest, grant, award, or other acquisition

4 terms

Restricted Stock Units financial

"The security title is listed as Restricted Stock Units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

1-for-1 basis financial

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

vest financial

"These restricted stock units vest in three equal annual installments on May 15, 2027, 2028 and 2029."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

grant, award, or other acquisition financial

"Transaction code description is Grant, award, or other acquisition."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Marsh & McLennan (MMC) disclose about Paul Beswick’s equity grant?

Marsh & McLennan disclosed that SVP and Chief Information Officer Paul Beswick received 14,907 restricted stock units. These RSUs convert into an equal number of common shares on a 1-for-1 basis and vest over three years, aligning his compensation with long-term shareholder value.

How many restricted stock units did MMC grant to Paul Beswick?

Paul Beswick was granted 14,907 restricted stock units. Each unit represents a right to receive one share of Marsh & McLennan common stock. The award is structured to vest in stages over several years, supporting executive retention and long-term performance focus.

When do Paul Beswick’s Marsh & McLennan RSUs vest?

The 14,907 restricted stock units vest in three equal annual installments on May 15, 2027, May 15, 2028, and May 15, 2029. This schedule gradually delivers shares over time, encouraging ongoing service and alignment with Marsh & McLennan’s multi-year strategic objectives.

How do the MMC restricted stock units convert into common shares?

The restricted stock units convert into Marsh & McLennan common stock on a 1-for-1 basis. This means each RSU will become one share when it vests, directly linking the value of the award to the company’s share price performance over the vesting period.

Is Paul Beswick’s Form 4 transaction a market purchase or sale of MMC shares?

The Form 4 transaction reflects a grant of 14,907 restricted stock units, not an open-market purchase or sale. It is categorized as a grant or award acquisition, representing compensation that will settle in Marsh & McLennan common shares as the units vest over time.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/01/2026 - 04:11 PM EDT Learn about SEC filing dates

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^*

Beswick Paul

(Last) (First) (Middle)

1166 AVENUE OF THE AMERICAS

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MARSH & MCLENNAN COMPANIES, INC. [ MRSH ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Information Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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)
			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 Stock Units	(1)	05/01/2026		A(2)		14,907		(3)	(3)	Common Stock	14,907	$0	14,907	D

Explanation of Responses:

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

2. These restricted stock units vest in three equal annual installments on May 15, 2027, 2028 and 2029.

3. Not Applicable

	/s/ Tessa Patti, Attorney-in-fact	05/01/2026
	** 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)