Marsh & McLennan director reports dividend-equivalent RSU grant

Rhea-AI Filing Summary

Marsh & McLennan Companies, Inc. (MMC) reported an insider equity transaction by a company director on a Form 4. On 11/14/2025, the director acquired 75.99 restricted stock units under the Marsh & McLennan Companies Directors Stock Compensation Plan, coded as transaction type "J" and described as dividend equivalents credited to the reporting person's account. Each restricted stock unit converts into Marsh & McLennan common stock on a 1-for-1 basis. Following this transaction, the director beneficially owned 15,563.68 derivative securities in the form of restricted stock units, held directly.

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

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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^*

Anderson Anthony

(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. [ MMC ]

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)
11/14/2025

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)	11/14/2025		J(2)	V	75.99		(3)	(3)	Common Stock	75.99	$183.435	15,563.68	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	11/18/2025
	** 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 MMC report on this Form 4?

The filing reports that a director of Marsh & McLennan Companies, Inc. (MMC) acquired 75.99 restricted stock units on 11/14/2025 under the company’s Directors Stock Compensation Plan.

How do the MMC restricted stock units reported on this Form 4 convert to common stock?

The filing states that each restricted stock unit converts to Marsh & McLennan common stock on a 1-for-1 basis, meaning one unit becomes one share of common stock.

What was the transaction code used for the MMC director’s acquisition of restricted stock units?

The transaction is labeled with code "J", and the explanation notes that the units were acquired with dividend equivalents credited to the reporting person’s account under the Directors Stock Compensation Plan.

How many derivative securities does the MMC director own after this transaction?

After the reported transaction, the director beneficially owned 15,563.68 derivative securities in the form of restricted stock units, held directly.

Is the MMC Form 4 filed by one reporting person or multiple persons?

The document indicates that the Form 4 is filed by one reporting person, rather than a group filing.

What is the nature of the MMC director’s relationship to the company in this Form 4?

The filing identifies the reporting person’s relationship to Marsh & McLennan Companies, Inc. as a Director of the issuer.