Marsh & McLennan director receives stock unit grant

Marsh & McLennan Companies director Lloyd M. Yates received an annual stock award of restricted stock units.

Rhea-AI Filing Summary

Marsh & McLennan Companies director Lloyd M. Yates received an annual stock award of restricted stock units. On June 1, 2026, he was granted 1,349.82 restricted stock units under the Directors Stock Compensation Plan. These units convert into common stock on a 1-for-1 basis, bringing his directly held equity-related position reported in this filing to 12,390.99 shares on a converted basis. This is a compensation-related equity grant rather than an open-market share purchase or sale.

Insider Trade Summary

Grant/Award: 1,349.82 shares

Grant/Award 1 txn

Insider Yates Lloyd M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stk. Units-Dir. Stk. Plan	1,349.82	$159.28	$215K

Holdings After Transaction: Restricted Stk. Units-Dir. Stk. Plan — 12,390.99 contracts (Direct)

Footnotes (3)

1. F1. The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis.
2. F2. Annual stock award of 1,349.82 shares pursuant to the Marsh & McLennan Companies Directors Stock Compensation Plan.
3. F3. Not Applicable

Key Figures

RSUs granted: 1,349.82 units Unit reference price: $159.28 per unit Holdings after grant: 12,390.99 shares +1 more

4 metrics

RSUs granted 1,349.82 units Annual director stock award on June 1, 2026

Unit reference price $159.28 per unit Reported price per restricted stock unit

Holdings after grant 12,390.99 shares Total equity-related position after award, on converted basis

Conversion ratio 1 unit : 1 share Restricted stock units convert into common stock

Key Terms

Restricted Stk. Units-Dir. Stk. Plan, Directors Stock Compensation Plan, Grant, award, or other acquisition

3 terms

Restricted Stk. Units-Dir. Stk. Plan financial

"security_title: "Restricted Stk. Units-Dir. Stk. Plan""

Directors Stock Compensation Plan financial

"Annual stock award of 1,349.82 shares pursuant to the Marsh & McLennan Companies Directors Stock Compensation Plan."

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

FAQ

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

What did Marsh & McLennan (MMC) disclose about Lloyd M. Yates in this Form 4?

Marsh & McLennan reported that director Lloyd M. Yates received an annual grant of 1,349.82 restricted stock units. These units are part of the Directors Stock Compensation Plan and convert into common stock on a 1-for-1 basis as equity compensation.

How many restricted stock units did MMC grant to director Lloyd M. Yates?

Lloyd M. Yates was granted 1,349.82 restricted stock units under Marsh & McLennan’s Directors Stock Compensation Plan. Each unit represents the right to receive one share of common stock, making this a straightforward, share-based compensation award for his board service.

What is the conversion ratio for Lloyd M. Yates’s MMC restricted stock units?

The restricted stock units granted to Lloyd M. Yates convert to Marsh & McLennan common stock on a 1-for-1 basis. This means each of the 1,349.82 units represents one future share, aligning his compensation directly with common shareholders’ equity value.

What is Lloyd M. Yates’s reported MMC share position after this grant?

After receiving 1,349.82 restricted stock units, Lloyd M. Yates’s directly reported equity-related holdings total 12,390.99 shares on a converted basis. This figure combines his existing position with the newly awarded units, as disclosed in the Form 4 filing.

Was Lloyd M. Yates buying or selling MMC shares on the market in this Form 4?

The Form 4 shows a grant of 1,349.82 restricted stock units to Lloyd M. Yates, classified as a grant or award. It does not report any open-market purchases or sales, indicating this is compensation rather than a discretionary trading transaction.

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

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Accepted by SEC EDGAR 06/03/2026 - 04:17 PM EDT 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^*

Yates Lloyd M

(Last) (First) (Middle)

C/O MARSH & MCLENNAN COMPANIES, INC.

1166 AVENUE OF THE AMERICAS

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)	06/01/2026		A(2)		1,349.82		(3)	(3)	Common Stock	1,349.82	$159.28	12,390.99	D

Explanation of Responses:

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

2. Annual stock award of 1,349.82 shares pursuant to the Marsh & McLennan Companies Directors Stock Compensation Plan.

3. Not Applicable

	/s/ Tessa Patti, Attorney-in-fact	06/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)