Marsh & McLennan (MMC) CFO awarded stock options and RSUs in 2026 filing

Rhea-AI Filing Summary

Marsh & McLennan Companies Chief Financial Officer receives new equity awards. On February 24, 2026, Mark C. McGivney was granted stock options for 44,743 shares at no cost and 17,961 restricted stock units, both held directly.

The options were granted on February 24, 2026 and vest in four equal annual installments on February 24 of 2027, 2028, 2029 and 2030. Both the options and restricted stock units convert into Marsh & McLennan common stock on a 1-for-1 basis. The restricted stock units 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.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider MCGIVNEY MARK C

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Stock Options (Right to Buy)	44,743	$0.00	--
Grant/Award	Restricted Stock Units	17,961	$0.00	--

Holdings After Transaction: Stock Options (Right to Buy) — 44,743 shares (Direct); Restricted Stock Units — 17,961 shares (Direct)

Footnotes (1)

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. The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis. 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. Not Applicable

Form 4 Insider Transactions: What Each Field Means →

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^*

MCGIVNEY MARK C

(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)
	Chief Financial Officer

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		44,743		(1)	02/23/2036	Common Stock	44,743	$0	44,743	D
Restricted Stock Units	(2)	02/24/2026		A(3)		17,961		(4)	(4)	Common Stock	17,961	$0	17,961	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.
* 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 equity awards did Marsh & McLennan (MMC) grant to its CFO on February 24, 2026?

Marsh & McLennan granted Chief Financial Officer Mark C. McGivney 44,743 stock options and 17,961 restricted stock units on February 24, 2026. Both awards were reported as directly owned and convert into common stock on a 1-for-1 basis.

How do Mark C. McGivney’s new Marsh & McLennan (MMC) stock options vest?

The 44,743 stock options granted to Mark C. McGivney vest in four equal annual installments. Vesting dates are February 24 of 2027, 2028, 2029, and 2030, aligning the award with a multi‑year service period at Marsh & McLennan.

What is the conversion ratio for Marsh & McLennan (MMC) stock options and RSUs granted to the CFO?

Both the stock options and restricted stock units convert to Marsh & McLennan common stock on a 1-for-1 basis. This means each option or unit corresponds to one share of common stock upon exercise or settlement, as described in the filing footnotes.

What is the origin of the restricted stock units reported for the Marsh & McLennan (MMC) CFO?

The 17,961 restricted stock units relate to performance stock units originally granted on February 23, 2023. Those performance stock units covered the 2023–2025 performance period, and the performance factor was determined on February 24, 2026.

Are the Marsh & McLennan (MMC) CFO’s new equity awards reported as directly owned?

Yes, the Form 4 shows both the stock options and restricted stock units as directly owned by Mark C. McGivney. The ownership code is listed as “D” for direct, with no separate entity or indirect ownership structure indicated in the disclosure.