Marsh & McLennan (NYSE: MMC) VP receives new equity grants

Rhea-AI Filing Summary

Marsh & McLennan Companies Vice President and Controller Stacy Mills reported equity awards that increase her direct incentive stake in the company. On February 24, 2026, she was granted stock options for 3,574 shares at a price of $0.00 per share.

These options vest in four equal annual installments on February 24 of 2027, 2028, 2029 and 2030 and convert into common stock on a 1-for-1 basis. On the same date, she also acquired restricted stock units of 1,342 and 1,625 shares under prior and new awards, with the earlier grant tied to 2023–2025 performance and the newer grant vesting in three equal installments on February 28 of 2027, 2028 and 2029.

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 Stacy

(Last) (First) (Middle)

1166 AVENUE OF THE AMERICAS

(Street)

NEW YORK

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President and Controller

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

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
Stock Options (Right to Buy)	$176.99	02/24/2026		A		3,574		(1)	02/23/2036	Common Stock	3,574	$0	3,574	D
Restricted Stock Units	(2)	02/24/2026		A(3)		1,342		(4)	(4)	Common Stock	1,342	$0	4,014	D
Restricted Stock Units	(2)	02/24/2026		A(5)		1,625		(4)	(4)	Common Stock	1,625	$0	5,639	D

Explanation of Responses:

1. These options were granted on February 24, 2026 and vest in four equal annual installments on February 24th of 2027, 2028, 2029 and 2030.

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

3. These restricted stock units relate to performance stock units that were granted on February 23, 2023 for the performance period 2023-2025. The performance factor for these performance stock units was determined on February 24, 2026.

4. Not applicable.

5. These restricted stock units vest in three equal annual installments on February 28th of 2027, 2028 and 2029.

	/s/ Tessa Patti, Attorney-in-fact	02/26/2026
	** 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).
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FAQ

What did Marsh & McLennan (MMC) executive Stacy Mills report on this Form 4?

Stacy Mills reported receiving new equity awards in Marsh & McLennan. She acquired 3,574 stock options and two blocks of restricted stock units, reflecting both performance-based and time-based compensation tied to future service and company performance over several years.

How many stock options did Stacy Mills receive from Marsh & McLennan?

She received 3,574 stock options in Marsh & McLennan Companies. These options were granted on February 24, 2026, at a price of $0.00 per share and vest in four equal annual installments from February 24, 2027 through February 24, 2030, rewarding long-term service.

What restricted stock units were granted to Stacy Mills at Marsh & McLennan?

She acquired two restricted stock unit awards totaling 1,342 and 1,625 units. The 1,342 units relate to performance stock units for the 2023–2025 period, while the 1,625 units vest in three equal annual installments on February 28 of 2027, 2028 and 2029.

How do Stacy Mills’s Marsh & McLennan equity awards convert into common stock?

The reported derivative securities convert into Marsh & McLennan common stock on a 1-for-1 basis. Each option or restricted stock unit corresponds to one share of common stock when vested or exercised, directly linking her compensation to the company’s share performance over time.

What performance period is tied to Stacy Mills’s 1,342 restricted stock units at MMC?

The 1,342 restricted stock units relate to performance stock units granted on February 23, 2023. They cover the 2023–2025 performance period, with the performance factor determined on February 24, 2026, connecting the final award size to Marsh & McLennan’s measured results.

When do Stacy Mills’s time-based restricted stock units at MMC vest?

Her time-based restricted stock units vest in three equal annual installments. These installments occur on February 28 of 2027, 2028 and 2029, spreading the vesting over three years and encouraging continued employment and alignment with Marsh & McLennan’s long-term objectives.