Marsh & McLennan (NYSE: MMC) leader gets new options and RSU grant

Rhea-AI Filing Summary

Marsh & McLennan Companies executive Patrick Tomlinson, President and CEO of Mercer, reported new equity awards. He received 28,586 stock options that were granted on February 24, 2026 and will vest in four equal annual installments on February 24 of 2027, 2028, 2029 and 2030.

Tomlinson was also granted 1,609 restricted stock units tied to performance stock units originally awarded on February 23, 2023 for the 2023–2025 performance period, with the performance factor determined on February 24, 2026. Both instruments convert into Marsh & McLennan common stock on a 1-for-1 basis.

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^*

Tomlinson Patrick

(Last) (First) (Middle)

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO, Mercer

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

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
Stock Options (Right to Buy)	$176.99	02/24/2026		A		28,586		(1)	02/23/2036	Common Stock	28,586	$0	28,586	D
Restricted Stock Units	(2)	02/24/2026		A(3)		1,609		(4)	(4)	Common Stock	1,609	$0	8,301	D

Explanation of Responses:

1. These options were granted on February 24, 2026 and vest in four equal annual installments on February 24th of 2027, 2028, 2029 and 2030.

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

3. These restricted stock units relate to performance stock units that were granted on February 23, 2023 for the performance period 2023-2025. The performance factor for these performance stock units was determined on February 24, 2026.

4. Not Applicable.

	/s/ Tessa Patti, Attorney-in-fact	02/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What equity awards did MMC executive Patrick Tomlinson report on this Form 4?

Patrick Tomlinson reported receiving stock options and restricted stock units. He was granted 28,586 stock options and 1,609 restricted stock units that convert into Marsh & McLennan common stock on a 1-for-1 basis, reflecting routine equity-based executive compensation.

How many stock options did Patrick Tomlinson receive from Marsh & McLennan (MMC)?

Patrick Tomlinson received 28,586 stock options. These options were granted on February 24, 2026 and vest in four equal annual installments on February 24 of 2027, 2028, 2029 and 2030, aligning his compensation with longer-term company performance and retention.

What is the vesting schedule for Patrick Tomlinson’s new Marsh & McLennan stock options?

The 28,586 stock options vest in four equal annual installments. Vesting occurs on February 24 in each of 2027, 2028, 2029 and 2030, encouraging multi‑year service and performance alignment between Patrick Tomlinson, as President and CEO of Mercer, and Marsh & McLennan shareholders.

What restricted stock units did Marsh & McLennan (MMC) grant to Patrick Tomlinson?

Patrick Tomlinson received 1,609 restricted stock units. These relate to performance stock units originally granted on February 23, 2023 for the 2023–2025 performance period, with the performance factor determined on February 24, 2026, and each unit converts into one share of common stock.

How do Patrick Tomlinson’s Marsh & McLennan equity awards convert into common stock?

Both the stock options and restricted stock units convert into Marsh & McLennan common stock on a 1-for-1 basis. This means each underlying unit or option, when vested and exercised or settled, corresponds to one share of the company’s common stock, directly linking compensation to equity value.

What performance period is tied to Patrick Tomlinson’s new restricted stock units at MMC?

The 1,609 restricted stock units relate to performance stock units covering the 2023–2025 performance period. Those performance stock units were granted on February 23, 2023, and the applicable performance factor was determined on February 24, 2026, which drove the resulting restricted stock unit award.