Marsh & McLennan (MRSH) director adds fee and dividend RSUs

Rhea-AI Filing Summary

MARSH & MCLENNAN COMPANIES, INC. (MRSH) director Lloyd M. Yates reported two acquisitions of restricted stock units under the company’s Directors Stock Compensation Plan. On August 15, 2026, he received 223.73 RSUs tied to director fees, and on August 14, 2026, he received 64.85 RSUs as dividend equivalents. Each unit converts into one share of common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Yates Lloyd M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stk. Units-Dir. Stk. Plan F1, F4, F3	223.73	$188.445	$42K
Other	Restricted Stk. Units-Dir. Stk. Plan F1, F2, F3	64.85	$189.15	$12K

Holdings After Transaction: Restricted Stk. Units-Dir. Stk. Plan — 12,679.57 shares (Direct)

Footnotes (4)

1. F1. The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis.
2. F2. Acquired with dividend equivalents credited to the reporting person's account under the Marsh & McLennan Companies Directors Stock Compensation Plan.
3. F3. Not applicable.
4. F4. Acquired in connection with director fees pursuant to the Marsh & McLennan Companies Directors Stock Compensation Plan.

Key Figures

RSUs granted for director fees: 223.7300 units Per-unit value (director fee grant): $188.4450 per unit RSUs from dividend equivalents: 64.8500 units +3 more

6 metrics

RSUs granted for director fees 223.7300 units Restricted Stk. Units-Dir. Stk. Plan granted on 2026-08-15

Per-unit value (director fee grant) $188.4450 per unit Price for 223.7300 restricted stock units on 2026-08-15

RSUs from dividend equivalents 64.8500 units Restricted Stk. Units-Dir. Stk. Plan credited on 2026-08-14

Per-unit value (dividend-equivalent RSUs) $189.1500 per unit Price for 64.8500 restricted stock units on 2026-08-14

Total RSUs acquired 288.5800 units Sum of 223.7300 and 64.8500 RSUs acquired in August 2026

Restructuring-designated RSUs 64.85 units transactionSummary restructuringShares associated with code J transaction

Key Terms

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

4 terms

Restricted Stk. Units-Dir. Stk. Plan financial

"security_title is Restricted Stk. Units-Dir. Stk. Plan for both transactions"

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

"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."

FAQ

What insider transactions did MRSH director Lloyd M. Yates report on this Form 4?

Lloyd M. Yates reported two acquisitions of restricted stock units under the Directors Stock Compensation Plan, totaling 288.58 RSUs. These units were credited in connection with director fees and dividend equivalents and each will convert into one share of Marsh & McLennan common stock.

How many restricted stock units tied to director fees did Lloyd M. Yates receive from MRSH?

On August 15, 2026, Lloyd M. Yates received 223.73 restricted stock units in connection with director fees. These awards were granted under the Marsh & McLennan Companies Directors Stock Compensation Plan and are convertible on a 1-for-1 basis into Marsh & McLennan common shares.

What dividend-equivalent restricted stock units did Lloyd M. Yates acquire from MRSH?

On August 14, 2026, Lloyd M. Yates acquired 64.85 restricted stock units credited as dividend equivalents to his account under the Directors Stock Compensation Plan. These RSUs also convert into one share of common stock per unit upon settlement under plan terms.

At what prices were Lloyd M. Yates’s MRSH restricted stock unit awards measured?

The director fee-related grant of 223.73 RSUs was valued at $188.445 per unit, while the 64.85 RSUs credited as dividend equivalents were valued at $189.15 per unit. These values reflect the per-unit prices reported for the respective transactions.

How do Lloyd M. Yates’s MRSH restricted stock units convert into common stock?

Each restricted stock unit reported by Lloyd M. Yates converts into one share of Marsh & McLennan common stock. The filing specifies a 1-for-1 conversion ratio between the RSUs granted under the Directors Stock Compensation Plan and the company’s common shares.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/18/2026 - 04:08 PM Accepted by SEC EDGAR 08/18/2026 - 04:08 PM 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^*

Yates Lloyd M

(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)
08/14/2026

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)	08/14/2026		J(2)	V	64.85		(3)	(3)	Common Stock	64.85	$189.15	12,455.84	D
Restricted Stk. Units-Dir. Stk. Plan	(1)	08/15/2026		A(4)		223.73		(3)	(3)	Common Stock	223.73	$188.445	12,679.57	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.

4. Acquired in connection with director fees pursuant to the Marsh & McLennan Companies Directors Stock Compensation Plan.

	/s/ Tessa Patti, Attorney-in-fact	08/18/2026
	** 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)