Marsh & McLennan (NYSE: MMC) director gets stock award and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marsh & McLennan Companies director Peter Harrison reported compensation-related stock transactions. He received an annual stock award of 1,349 shares of common stock under the Marsh & McLennan Companies Directors Stock Compensation Plan at a reference price of $159.28 per share.
To cover applicable taxes on shares acquired with director fees under the same plan, 103.39 shares of common stock were withheld in a tax-withholding disposition. After these transactions and receipt of cash in lieu of a fractional share, Harrison directly holds 1,349.82 shares of Marsh & McLennan common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Harrison Peter
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,349.82 | $159.28 | $215K |
| Tax Withholding | Common Stock | 103.39 | $159.28 | $16K |
Holdings After Transaction:
Common Stock — 1,349.82 shares (Direct, null)
Footnotes (1)
- Annual stock award of 1,349 shares pursuant to the Marsh & McLennan Companies Directors Stock Compensation Plan. Reflects shares withheld to cover applicable taxes on shares acquired with director fees pursuant to the Marsh & McLennan Companies Directors Stock Compensation Plan. The total reflects the reporting person's receipt of cash in lieu of a fractional share.
Key Figures
Annual stock award: 1,349 shares
Tax-withheld shares: 103.39 shares
Reference price per share: $159.28 per share
+1 more
4 metrics
Annual stock award
1,349 shares
Grant of common stock under Directors Stock Compensation Plan
Tax-withheld shares
103.39 shares
Shares withheld to cover applicable taxes on director fee shares
Reference price per share
$159.28 per share
Price used for both award and tax-withholding entries
Shares held after transactions
1,349.82 shares
Direct holdings after award, withholding, and fractional-share cash adjustment
Key Terms
tax-withholding disposition, Directors Stock Compensation Plan, annual stock award, Form 4
4 terms
tax-withholding disposition financial
"Reflects shares withheld to cover applicable taxes on shares acquired"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Directors Stock Compensation Plan financial
"pursuant to the Marsh & McLennan Companies Directors Stock Compensation Plan"
annual stock award financial
"Annual stock award of 1,349 shares pursuant to the Marsh & McLennan"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transactions did MMC director Peter Harrison report?
Peter Harrison reported an annual stock award and related tax withholding. He acquired 1,349 common shares under the Directors Stock Compensation Plan, while 103.39 shares were withheld to cover applicable taxes tied to shares acquired with director fees.
Was Peter Harrison’s Form 4 for MMC an open-market trade?
No, the Form 4 reflects compensation-related transactions, not open-market trading. It shows a grant of 1,349 common shares as an annual stock award and a tax-withholding disposition of 103.39 shares under the Directors Stock Compensation Plan.
What plan governs Peter Harrison’s MMC stock award?
The transactions are pursuant to the Marsh & McLennan Companies Directors Stock Compensation Plan. The filing notes an annual stock award of 1,349 shares and tax-related share withholding tied to director fees under this specific compensation plan.