Director at Marsh & McLennan (NYSE: MMC) granted stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Lute Jane H reported acquisition or exercise transactions in this Form 4 filing.

Marsh & McLennan Companies director Jane H. Lute reported routine equity compensation activity. She received 169.29 restricted stock units under the Directors Stock Compensation Plan at a reference price of $160.60 per unit. An additional 41.2 units were credited as dividend equivalents, all convertible into common stock on a 1-for-1 basis.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Lute Jane H

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stk. Units-Dir. Stk. Plan	169.29	$160.60	$27K
Other	Restricted Stk. Units-Dir. Stk. Plan	41.2	$160.60	$7K

Holdings After Transaction: Restricted Stk. Units-Dir. Stk. Plan — 7,520.67 shares (Direct, null)

Footnotes (1)

The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis. Acquired in connection with director fees pursuant to the Marsh & McLennan Companies Directors Stock Compensation Plan. Not applicable. Acquired with dividend equivalents credited to the reporting person's account under the Marsh & McLennan Companies Directors Stock Compensation Plan.

Key Figures

RSU grant size: 169.29 units Dividend equivalent units: 41.2 units Reference price per unit: $160.60 per unit +1 more

4 metrics

RSU grant size 169.29 units Restricted stock units granted as director fees at $160.60

Dividend equivalent units 41.2 units Additional RSUs credited as dividend equivalents

Reference price per unit $160.60 per unit Price shown for restricted stock unit transactions

Restructuring-related units 41.2 units Classified as restructuringShares in transaction summary

Key Terms

Restricted Stk. Units-Dir. Stk. Plan, Directors Stock Compensation Plan, dividend equivalents, converts to common stock on a 1-for-1 basis, +1 more

5 terms

Restricted Stk. Units-Dir. Stk. Plan financial

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

Directors Stock Compensation Plan financial

"pursuant to the Marsh & McLennan Companies Directors Stock Compensation Plan"

dividend equivalents financial

"Acquired with dividend equivalents credited to the reporting person's account"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

converts to common stock on a 1-for-1 basis financial

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

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

05/18/2026 - 04:10 PM

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^*

Lute Jane H

(Last)

(First)

(Middle)

C/O MARSH & MCLENNAN COMPANIES, INC.

1166 AVENUE OF THE AMERICAS

(Street)

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)
05/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stk. Units-Dir. Stk. Plan	⁽¹⁾	05/15/2026		A⁽²⁾		169.29		⁽³⁾	⁽³⁾	Common Stock	169.29	$160.6	7,520.67	D
Restricted Stk. Units-Dir. Stk. Plan	⁽¹⁾	05/15/2026		J⁽⁴⁾		41.2		⁽³⁾	⁽³⁾	Common Stock	41.2	$160.6	7,561.87	D

Explanation of Responses:

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

2. Acquired in connection with director fees pursuant to the Marsh & McLennan Companies Directors Stock Compensation Plan.

3. Not applicable.

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

	/s/ Tessa Patti, Attorney-in-fact	05/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did MMC director Jane H. Lute report on this Form 4?

Jane H. Lute reported receiving restricted stock units as director compensation. The filing shows 169.29 units granted at a reference price of $160.60 and 41.2 additional units credited as dividend equivalents, all under the Marsh & McLennan Companies Directors Stock Compensation Plan.

Is the Jane H. Lute Form 4 for MMC a stock purchase or a compensation grant?

The Form 4 reflects a compensation grant, not an open-market stock purchase. It records 169.29 restricted stock units granted as director fees and 41.2 units credited as dividend equivalents under the company’s Directors Stock Compensation Plan, all convertible into common stock on a 1-for-1 basis.

How many MMC restricted stock units were granted to Jane H. Lute?

The filing reports a grant of 169.29 restricted stock units. These units were issued under the Marsh & McLennan Companies Directors Stock Compensation Plan at a reference price of $160.60 per unit and are convertible into common stock on a one-for-one basis at settlement.

What does the additional 41.2 restricted stock units for MMC’s Jane H. Lute represent?

The additional 41.2 restricted stock units represent dividend equivalents credited to her account. Under the Directors Stock Compensation Plan, dividends on underlying shares are credited as additional units, which also convert into Marsh & McLennan Companies common stock on a 1-for-1 basis when settled.

Does the MMC Form 4 indicate any stock sales by Jane H. Lute?

The Form 4 does not show any stock sales by Jane H. Lute. It lists one grant of 169.29 restricted stock units and a separate 41.2-unit addition from dividend equivalents, both classified as derivative-type entries related to director compensation, not open-market selling activity.