MMC executive granted 5,963 restricted stock units

MARSH & MCLENNAN COMPANIES, INC. reported that SVP and Chief People Officer Carmen Fernandez received a grant of 5,963 restricted stock units.

Rhea-AI Filing Summary

MARSH & MCLENNAN COMPANIES, INC. reported that SVP and Chief People Officer Carmen Fernandez received a grant of 5,963 restricted stock units.

The units convert into common stock on a 1-for-1 basis and vest in three equal annual installments on May 15, 2027, 2028 and 2029. Following this grant, she holds 5,963 restricted stock units directly.

Insider Trade Summary

Grant/Award: 5,963 shares

Grant/Award 1 txn

Insider Fernandez Carmen

Role SVP, Chief People Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	5,963	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 5,963 contracts (Direct)

Footnotes (3)

1. F1. The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis.
2. F2. These restricted stock units vest in three equal annual installments on May 15, 2027, 2028 and 2029.
3. F3. Not Applicable

Key Figures

Restricted stock units granted: 5,963 units Conversion ratio: 1-for-1 into common stock Post-transaction RSU holdings: 5,963 units +1 more

4 metrics

Restricted stock units granted 5,963 units Equity award reported on Form 4

Conversion ratio 1-for-1 into common stock RSUs convert into MMC common shares

Post-transaction RSU holdings 5,963 units RSUs held directly after grant

Vesting schedule Three equal tranches Vesting on May 15, 2027, 2028, 2029

Key Terms

Restricted Stock Units, vest, 1-for-1 basis

3 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units""

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.

vest financial

"These restricted stock units vest in three equal annual installments"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

1-for-1 basis financial

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did MMC insider Carmen Fernandez report in this Form 4?

Carmen Fernandez reported receiving a grant of 5,963 restricted stock units in MARSH & MCLENNAN COMPANIES common stock. This represents a compensation-related award rather than an open-market purchase or sale of existing MMC shares.

What type of securities did MMC grant to Carmen Fernandez?

MMC granted Carmen Fernandez 5,963 restricted stock units linked to its common stock. Each unit converts into one share of Marsh & McLennan Companies common stock, making this a stock-based compensation award rather than a cash bonus or stock option grant.

How and when do Carmen Fernandez’s MMC restricted stock units vest?

The 5,963 restricted stock units vest in three equal annual installments on May 15, 2027, 2028 and 2029. This means one‑third of the award becomes earned on each of those dates, subject to any applicable employment or plan conditions.

What is the conversion ratio for Carmen Fernandez’s MMC restricted stock units?

Each restricted stock unit converts into one share of Marsh & McLennan Companies common stock on a 1-for-1 basis. This direct conversion ratio simplifies understanding how many shares she may ultimately receive when the units vest.

How many MMC restricted stock units does Carmen Fernandez hold after this grant?

After this reported transaction, Carmen Fernandez holds 5,963 restricted stock units directly. This figure reflects her position in these specific units following the new compensation grant disclosed in the Form 4 filing for Marsh & McLennan Companies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/01/2026 - 04:03 PM EDT Learn about SEC filing dates

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^*

Fernandez Carmen

(Last) (First) (Middle)

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief People Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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 Stock Units	(1)	05/01/2026		A(2)		5,963		(3)	(3)	Common Stock	5,963	$0	5,963	D

Explanation of Responses:

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

2. These restricted stock units vest in three equal annual installments on May 15, 2027, 2028 and 2029.

3. Not Applicable

	/s/ Tessa Patti, Attorney-in-fact	05/01/2026
	** 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)