Marsh & McLennan (NYSE: MMC) director credited 87.67 stock units as dividends

Rhea-AI Filing Summary

MARSH & MCLENNAN COMPANIES director Anthony Anderson reported an internal adjustment involving 87.67 restricted stock units under the Directors Stock Compensation Plan. These units were credited as dividend equivalents and each converts into one share of common stock. Following this routine plan transaction, Anderson holds 15,732.33 units directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Anderson Anthony

Role null

Type	Security	Shares	Price	Value
Other	Restricted Stk. Units-Dir. Stk. Plan	87.67	$160.60	$14K

Holdings After Transaction: Restricted Stk. Units-Dir. Stk. Plan — 15,732.33 shares (Direct, null)

Footnotes (1)

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

Key Figures

Restricted stock units credited: 87.67 units Price reference per unit: $160.60 per unit Units held after transaction: 15,732.33 units +1 more

4 metrics

Restricted stock units credited 87.67 units Dividend equivalents credited on 2026-05-15

Price reference per unit $160.60 per unit Transaction price per share for units

Units held after transaction 15,732.33 units Total restricted stock units following transaction

Conversion ratio 1-for-1 Each restricted stock unit converts into one common share

Key Terms

Restricted Stk. Units-Dir. Stk. Plan, dividend equivalents, Marsh & McLennan Companies Directors Stock Compensation Plan, 1-for-1 basis

4 terms

Restricted Stk. Units-Dir. Stk. Plan financial

"security title is listed as "Restricted Stk. Units-Dir. Stk. 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.

Marsh & McLennan Companies Directors Stock Compensation Plan financial

"credited to the reporting person's account under the Marsh & McLennan Companies Directors Stock Compensation Plan"

1-for-1 basis financial

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

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^*

Anderson Anthony

(Last) (First) (Middle)

C/O MARSH & MCLENNAN COMPANIES, INC.

1166 AVENUE OF THE AMERICAS

(Street)

NEW YORK 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)
			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)	05/15/2026		J(2)	V	87.67		(3)	(3)	Common Stock	87.67	$160.6	15,732.33	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	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)

FAQ

What insider transaction did MMC director Anthony Anderson report on this Form 4?

MMC director Anthony Anderson reported an internal plan transaction involving 87.67 restricted stock units. These units were credited as dividend equivalents under the Marsh & McLennan Companies Directors Stock Compensation Plan, rather than through open-market buying or selling of common stock.

How many Marsh & McLennan (MMC) units does Anthony Anderson hold after this filing?

After the reported transaction, Anthony Anderson holds 15,732.33 restricted stock units directly. Each unit is designed to convert into one share of Marsh & McLennan common stock, providing equity-based alignment with shareholders through the directors’ stock compensation program.

Was the MMC Anthony Anderson Form 4 transaction an open-market stock trade?

The transaction was not an open-market trade. It was coded “J” as an other type of derivative transaction, reflecting dividend equivalents credited as restricted stock units under the Marsh & McLennan Companies Directors Stock Compensation Plan, rather than a public purchase or sale.

What does the 1-for-1 conversion mean for MMC restricted stock units?

The filing states each restricted stock unit converts to one share of Marsh & McLennan common stock. This 1-for-1 basis means Anderson’s 15,732.33 units correspond to the same number of potential common shares when the units ultimately convert under plan terms.

Why did Anthony Anderson receive 87.67 additional MMC restricted stock units?

The 87.67 additional restricted stock units were acquired as dividend equivalents. Under the Marsh & McLennan Companies Directors Stock Compensation Plan, cash dividends on common stock are mirrored by crediting equivalent units to directors’ accounts, maintaining value alignment with shareholders.