Director Tamara Ingram updates MMC (NYSE: MMC) holdings with new restricted stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

MARSH & MCLENNAN COMPANIES, INC. director Tamara Ingram reported a routine compensation-related adjustment to her equity holdings. She received 43.11 restricted stock units under the Directors Stock Compensation Plan, credited as dividend equivalents and tied to the company’s common stock on a 1-for-1 basis.

Following this transaction, Ingram holds a total of 7,736.53 restricted stock units directly. The filing does not reflect any open-market purchase or sale of Marsh & McLennan common shares, but rather an administrative update to her stock-based compensation balance.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ingram Tamara

Role null

Type	Security	Shares	Price	Value
Other	Restricted Stk. Units-Dir. Stk. Plan	43.11	$160.60	$7K

Holdings After Transaction: Restricted Stk. Units-Dir. Stk. Plan — 7,736.53 shares (Direct, null)

Footnotes (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: 43.11 units Price reference per unit: $160.60 per unit Total RSUs after transaction: 7,736.53 units +1 more

4 metrics

Restricted stock units credited 43.11 units Dividend equivalents on 2026-05-15

Price reference per unit $160.60 per unit Reference price in transaction record

Total RSUs after transaction 7,736.53 units Holdings following transaction

Conversion ratio 1-for-1 Each RSU converts into one common share

Key Terms

Restricted Stk. Units-Dir. Stk. Plan, dividend equivalents, Directors Stock Compensation Plan, restricted stock units

4 terms

Restricted Stk. Units-Dir. Stk. Plan financial

"Security title listed as "Restricted Stk. Units-Dir. Stk. Plan" for the transaction"

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.

Directors Stock Compensation Plan financial

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

restricted stock units financial

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

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Form 4 Insider Transactions: What Each Field Means →

05/18/2026 - 04:13 PM

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^*

Ingram Tamara

(Last)

(First)

(Middle)

C/O MARSH & MCLENNAN COMPANIES, INC.

1166 AVENUE OF THE AMERICAS

(Street)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stk. Units-Dir. Stk. Plan	⁽¹⁾	05/15/2026		J⁽²⁾	V	43.11		⁽³⁾	⁽³⁾	Common Stock	43.11	$160.6	7,736.53	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did MMC director Tamara Ingram report on this Form 4?

Tamara Ingram reported a routine adjustment to her equity compensation. She received 43.11 restricted stock units credited as dividend equivalents under Marsh & McLennan’s Directors Stock Compensation Plan, rather than executing an open-market buy or sell of common shares.

How many restricted stock units does Tamara Ingram hold after this MMC Form 4 filing?

After the reported transaction, Tamara Ingram holds 7,736.53 restricted stock units. These units are tied to Marsh & McLennan common stock and reflect her accumulated director stock compensation, including the latest 43.11 units credited as dividend equivalents.

Was there any open-market buying or selling of Marsh & McLennan (MMC) shares in this Form 4?

No open-market buying or selling occurred in this Form 4. The filing records an “other” type transaction, where 43.11 restricted stock units were credited as dividend equivalents under a director stock compensation plan, not a market trade in MMC common shares.

What does the dividend equivalent credit mean in MMC’s directors stock compensation plan?

Dividend equivalent credits give directors additional restricted stock units instead of cash when dividends are paid. In this case, 43.11 units were added to Tamara Ingram’s account under Marsh & McLennan’s Directors Stock Compensation Plan, maintaining alignment with shareholder dividend activity.

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

The restricted stock units convert into Marsh & McLennan common stock on a 1-for-1 basis. Footnotes state that each unit represents one share of MMC common stock when the units ultimately settle under the terms of the Directors Stock Compensation Plan.