Dean Klisura (MMC) awarded stock options and RSUs in 2026 equity grant

Rhea-AI Filing Summary

MARSH & MCLENNAN COMPANIES reported that Dean Michael Klisura, President & CEO of Guy Carpenter, received new equity awards. He was granted 24,858 stock options that were awarded on February 24, 2026 and vest in four equal annual installments on February 24 of 2027, 2028, 2029 and 2030. The options convert into common stock on a 1-for-1 basis.

He also acquired 9,383 restricted stock units tied 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. Both holdings are reported as directly owned.

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^*

Klisura Dean Michael

(Last) (First) (Middle)

1166 AVENUE OF THE AMERICAS

(Street)

NEW YORK NY

(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)
	President & CEO, Guy Carpenter

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		24,858		(1)	02/23/2036	Common Stock	24,858	$0	24,858	D
Restricted Stock Units	(2)	02/24/2026		A(3)		9,383		(4)	(4)	Common Stock	9,383	$0	9,383	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).
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FAQ

What did MMC executive Dean Klisura acquire in this Form 4 filing?

Dean Michael Klisura, President & CEO of Guy Carpenter at MMC, received a grant of stock options and restricted stock units. He was awarded 24,858 stock options and 9,383 restricted stock units, all reported as directly owned equity-based compensation.

How many stock options were granted to Dean Klisura at MMC?

Dean Klisura was granted 24,858 stock options in this transaction. These options were granted on February 24, 2026 and will vest in four equal annual installments on February 24 of 2027, 2028, 2029 and 2030, subject to continued service conditions.

What is the vesting schedule for Dean Klisura’s MMC stock options?

The 24,858 stock options granted to Dean Klisura vest in four equal annual installments. Vesting dates fall on February 24 of 2027, 2028, 2029 and 2030, aligning the award with multi-year retention and performance objectives at Marsh & McLennan Companies.

How do Dean Klisura’s MMC stock options convert into common shares?

The stock options granted to Dean Klisura convert into Marsh & McLennan Companies common stock on a 1-for-1 basis. Each option, once vested and exercisable under plan terms, corresponds to one share of MMC common stock, directly linking potential value to the share price.

What are the 9,383 restricted stock units reported for MMC’s Dean Klisura?

The 9,383 restricted stock units relate to performance stock units originally granted on February 23, 2023 for the 2023–2025 performance period. The performance factor determining the final number of units was set on February 24, 2026, and these units are now reported as acquired.

Are Dean Klisura’s reported MMC equity awards direct or indirect holdings?

Both the stock options and restricted stock units reported by Dean Klisura are classified as directly owned. The filing lists ownership type as direct, with no indication of intermediating entities such as trusts or partnerships holding voting or investment authority over these awards.