[Form 4] MARSH & MCLENNAN COMPANIES, INC. Insider Trading Activity

Rhea-AI Filing Summary

Marsh & McLennan Companies director Steven A. Mills received a stock grant of common shares as part of his board compensation. On February 15, 2026, he acquired 244 shares of common stock at a reference value of $173.51 per share under the Marsh & McLennan Companies Directors Stock Compensation Plan. After this award, he directly owned 4,144.75 common shares. A separate line also reports 47,553 common shares held indirectly by a trust.

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

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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^*

MILLS STEVEN A

(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)
02/15/2026

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	02/15/2026		A(1)		244	A	$173.51	4,144.75	D
Common Stock								47,553	I	By Trust

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

Explanation of Responses:

1. Acquired in connection with director fees pursuant to the Marsh & McLennan Companies Directors Stock Compensation Plan.

	/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 transaction did Marsh & McLennan (MMC) director Steven A. Mills report?

Director Steven A. Mills reported acquiring 244 shares of Marsh & McLennan common stock. The shares were received as a stock grant tied to director fees under the company’s Directors Stock Compensation Plan, rather than through an open-market purchase or sale.

At what price was Steven A. Mills’ Marsh & McLennan (MMC) stock grant valued?

The 244-share award to Steven A. Mills was valued at $173.51 per share. This price serves as the reference value for the grant under the Directors Stock Compensation Plan, reflecting how much the equity portion of his director fees was worth on that date.

How many Marsh & McLennan (MMC) shares does Steven A. Mills own after this Form 4?

After the reported grant, Steven A. Mills directly owned 4,144.75 Marsh & McLennan common shares. The filing also lists 47,553 additional common shares held indirectly by a trust, indicating both direct and indirect beneficial interests in the company’s stock.

Was Steven A. Mills’ Marsh & McLennan (MMC) transaction a market buy or a compensation award?

The transaction was a compensation-related stock award, not a market purchase. The 244 shares were acquired in connection with director fees under the Marsh & McLennan Companies Directors Stock Compensation Plan, as disclosed in the accompanying footnote to the Form 4.

How are trust-held Marsh & McLennan (MMC) shares reported for Steven A. Mills?

The Form 4 shows 47,553 Marsh & McLennan common shares reported as indirectly owned "By Trust." This indicates the shares are held through a trust associated with Steven A. Mills, separating indirect beneficial ownership from his directly held 4,144.75 shares.