Director Hopkins updates RSU holdings at Marsh & McLennan (MMC)

Rhea-AI Filing Summary

MARSH & MCLENNAN COMPANIES director Deborah C. Hopkins reported an administrative equity adjustment. On February 13, 2026, she had 103.28 restricted stock units credited to her account as dividend equivalents under the Directors Stock Compensation Plan. These restricted stock units convert into common stock on a 1-for-1 basis, bringing her directly held restricted stock unit balance to 19,952.92 units following the transaction.

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^*

HOPKINS DEBORAH C

(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. [ MRSH ]

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)
02/13/2026

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
Restricted Stk. Units-Dir. Stk. Plan	(1)	02/13/2026		J(2)	V	103.28		(3)	(3)	Common Stock	103.28	$172.98	19,952.92	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	02/18/2026
	** 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.

FAQ

What insider transaction did Marsh & McLennan (MMC) director Deborah Hopkins report?

Deborah Hopkins reported an administrative equity adjustment, not a market trade. She had 103.28 restricted stock units credited as dividend equivalents under the Marsh & McLennan Companies Directors Stock Compensation Plan.

How many restricted stock units were involved in the Deborah Hopkins Form 4 for MMC?

The Form 4 shows 103.28 restricted stock units. These were acquired as dividend equivalents credited to Deborah Hopkins’ director stock compensation account, rather than through an open market purchase or sale of Marsh & McLennan common stock.

How do Deborah Hopkins’ restricted stock units at Marsh & McLennan convert to common stock?

Each restricted stock unit converts into one share of Marsh & McLennan Companies common stock. The Form 4 states the security converts on a 1-for-1 basis, directly linking unit awards to future common share delivery.

What is Deborah Hopkins’ restricted stock unit balance after this MMC transaction?

After this transaction, Deborah Hopkins directly holds 19,952.92 restricted stock units. This total includes the 103.28 units credited as dividend equivalents, as reported in the Form 4 filed for Marsh & McLennan Companies.

Was the Deborah Hopkins Marsh & McLennan Form 4 a buy or sell of shares?

The Form 4 does not report a traditional buy or sell. It classifies the event as an “other acquisition or disposition,” reflecting dividend-equivalent restricted stock units credited under the Directors Stock Compensation Plan rather than a market transaction.