Marsh & McLennan director gets stock units

Marsh & McLennan Companies director Jan Siegmund reported a small change in his equity holdings.

Rhea-AI Filing Summary

Marsh & McLennan Companies director Jan Siegmund reported a small change in his equity holdings. On February 13, 2026, he received 4.88 restricted stock units under the Marsh & McLennan Companies Directors Stock Compensation Plan as dividend equivalents credited to his account.

The restricted stock units convert into Marsh & McLennan common stock on a 1-for-1 basis. Following this transaction, Siegmund directly holds a total of 943.13 restricted stock units under this plan.

Insider Trade Summary

Other: 4.88 shares

Other 1 txn

Insider Siegmund Jan

Role Director

Type	Security	Shares	Price	Value
Other	Restricted Stk. Units-Dir. Stk. Plan	4.88	$172.98	$844.14

Holdings After Transaction: Restricted Stk. Units-Dir. Stk. Plan — 943.13 contracts (Direct)

Footnotes (3)

1. F1. The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis.
2. F2. Acquired with dividend equivalents credited to the reporting person's account under the Marsh & McLennan Companies Directors Stock Compensation Plan.
3. F3. Not applicable.

FAQ

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

What insider transaction did Marsh & McLennan (MMC) report for Jan Siegmund?

Marsh & McLennan reported that director Jan Siegmund received 4.88 restricted stock units. These units were credited as dividend equivalents under the Directors Stock Compensation Plan and increase his direct holdings in equity-based compensation tied to company stock.

How many Marsh & McLennan (MMC) restricted stock units does Jan Siegmund now hold?

After the reported transaction, Jan Siegmund directly holds 943.13 restricted stock units. These units are part of his director compensation and are linked to Marsh & McLennan common stock on a 1-for-1 conversion basis when they ultimately settle.

How were the new Marsh & McLennan (MMC) stock units acquired by Jan Siegmund?

The 4.88 restricted stock units were acquired as dividend equivalents credited to Jan Siegmund’s account. This occurred under the Marsh & McLennan Companies Directors Stock Compensation Plan rather than through any open-market purchase or sale transaction.

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

A 1-for-1 conversion means each restricted stock unit will convert into one share of Marsh & McLennan common stock. For directors like Jan Siegmund, this ties their compensation value directly to the company’s share count as units vest or settle over time.

Does the Jan Siegmund Form 4 for MMC involve a stock sale or purchase?

The Form 4 does not show a traditional stock sale or open-market purchase. Instead, it records an “other” transaction where 4.88 restricted stock units were credited as dividend equivalents within the Directors Stock Compensation Plan framework.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/18/2026 - 05:03 PM EST 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^*

Siegmund Jan

(Last) (First) (Middle)

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

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)	02/13/2026		J(2)	V	4.88		(3)	(3)	Common Stock	4.88	$172.98	943.13	D

Explanation of Responses:

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

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

3. 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.