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  4. [Form 4] MARSH & MCLENNAN COMPANIES, INC. Insider Trading Activity

Marsh & McLennan (NYSE: MMC) grants CMO 5,963 RSUs vesting 2027-2029

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Marsh & McLennan Companies Chief Marketing Officer John Jude Jones received a grant of 5,963 restricted stock units as equity compensation. Each unit converts into one share of common stock. These RSUs vest in three equal annual installments on May 15, 2027, 2028 and 2029, leaving him with 5,963 units reported after this grant.

Positive

  • None.

Negative

  • None.
Insider Jones John Jude
Role Chief Marketing Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Units 5,963 $0.00 --
Holdings After Transaction: Restricted Stock Units — 5,963 shares (Direct, null)
Footnotes (1)
  1. The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis. These restricted stock units vest in three equal annual installments on May 15, 2027, 2028 and 2029. Not Applicable
RSUs granted 5,963 units Grant to CMO on May 1, 2026
RSUs held after grant 5,963 units Total RSUs reported following transaction
Conversion ratio 1-for-1 into common stock RSUs convert to Marsh & McLennan common shares
Vesting schedule Three equal installments Vesting on May 15, 2027, 2028, 2029
Restricted Stock Units financial
"The security title is listed as Restricted Stock Units for the CMO grant."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
1-for-1 basis financial
"The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis."
vest financial
"These restricted stock units vest in three equal annual installments on May 15, 2027, 2028 and 2029."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Jones John Jude
(Last)(First)(Middle)
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Marketing Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/01/2026A(2)5,963 (3) (3)Common Stock5,963$05,963D
Explanation of Responses:
1. The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis.
2. These restricted stock units vest in three equal annual installments on May 15, 2027, 2028 and 2029.
3. Not Applicable
/s/ Tessa Patti, Attorney-in-fact05/01/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Marsh & McLennan (MMC) disclose in this Form 4 filing?

Marsh & McLennan reported that Chief Marketing Officer John Jude Jones received 5,963 restricted stock units as an equity award. These RSUs convert into common stock on a 1-for-1 basis and vest over three years starting in 2027, aligning compensation with shareholder interests.

How many restricted stock units did MMC’s CMO receive in this grant?

The CMO received 5,963 restricted stock units in this transaction. All 5,963 units are reported as held following the grant, providing a clear view of this new equity position that can convert into an equal number of Marsh & McLennan common shares over time.

When do the Marsh & McLennan (MMC) RSUs granted to the CMO vest?

The restricted stock units vest in three equal annual installments on May 15, 2027, 2028 and 2029. This staggered vesting schedule encourages longer-term retention and performance alignment, as the executive must remain in service to receive each future installment.

What is the conversion ratio for the MMC restricted stock units reported?

Each restricted stock unit converts into one share of Marsh & McLennan common stock. This 1-for-1 conversion ratio means the 5,963 RSUs reported can ultimately become 5,963 common shares as they vest, directly linking the award’s value to the company’s share price.

Is this Marsh & McLennan (MMC) Form 4 a market purchase or sale of shares?

No, the Form 4 reflects a grant or award acquisition of restricted stock units, not an open-market trade. The transaction code is “A,” indicating a compensation-related award, and no buy or sell price is listed because these RSUs were granted at zero exercise price.

How many Marsh & McLennan RSUs does the CMO hold after this reported grant?

After this grant, the Form 4 shows the CMO holding 5,963 restricted stock units. This figure represents the reported RSU position from this transaction, all subject to future vesting dates before converting into common shares based on the disclosed 1-for-1 exchange ratio.