Marsh & McLennan (MMC) director reports 4.58 new RSUs on Form 4

Rhea-AI Filing Summary

Marsh & McLennan Companies (MMC) director reports small equity award. A company director filed a Form 4 showing the acquisition of 4.58 restricted stock units on 11/14/2025 under the Marsh & McLennan Companies Directors Stock Compensation Plan. These units were credited as dividend equivalents, meaning the director received additional units in lieu of cash dividends. Each restricted stock unit converts into one share of Marsh & McLennan common stock. The filing reports a price of $183.435 per unit and shows the director now beneficially owns 938.25 derivative securities in this form, held directly. This reflects routine director equity compensation rather than a market purchase or sale.

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

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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^*

Siegmund Jan

(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. [ MMC ]

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)
11/14/2025

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)	11/14/2025		J(2)	V	4.58		(3)	(3)	Common Stock	4.58	$183.435	938.25	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	11/18/2025
	** 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 did the MMC director report on this Form 4 filing?

The Form 4 reports that an MMC director acquired 4.58 restricted stock units on 11/14/2025 as part of the Marsh & McLennan Companies Directors Stock Compensation Plan.

How do the reported restricted stock units for MMC convert into common stock?

Each reported restricted stock unit converts into Marsh & McLennan Companies common stock on a 1-for-1 basis, meaning one share of common stock for each unit.

Why did the MMC director receive 4.58 restricted stock units?

The director received 4.58 restricted stock units as dividend equivalents credited to the director's account under the Marsh & McLennan Companies Directors Stock Compensation Plan.

What price is associated with the MMC director’s new restricted stock units?

The filing lists a price of $183.435 per restricted stock unit for this transaction on 11/14/2025.

How many derivative securities does the MMC director own after this transaction?

After this transaction, the Form 4 shows the director beneficially owns 938.25 derivative securities in the form of restricted stock units, held directly.

What is the relationship of the reporting person to Marsh & McLennan Companies (MMC)?

The reporting person is identified as a director of Marsh & McLennan Companies, Inc. (ticker MMC).