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  4. [Form 4] MARSH & MCLENNAN COMPANIES, INC. Insider Trading Activity

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

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

MARSH & MCLENNAN COMPANIES, INC. (symbol MRSH) reports that director Jane H Lute received equity-based compensation in the form of restricted stock units under the company’s Directors Stock Compensation Plan. On 2026-08-15, she was granted 144.27 restricted stock units, and on 2026-08-14 she acquired an additional 46.64 units credited as dividend equivalents. Each unit converts into one share of common stock according to the plan terms.

Positive

  • None.

Negative

  • None.
Insider Lute Jane H
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stk. Units-Dir. Stk. Plan F1, F4, F3 144.27 $188.445 $27K
Other Restricted Stk. Units-Dir. Stk. Plan F1, F2, F3 46.64 $189.15 $9K
Holdings After Transaction: Restricted Stk. Units-Dir. Stk. Plan — 9,102.6 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.
RSUs granted for director fees 144.2700 units Restricted Stk. Units-Dir. Stk. Plan granted on 2026-08-15 at $188.4450 per unit
RSUs from dividend equivalents 46.6400 units Restricted Stk. Units-Dir. Stk. Plan acquired on 2026-08-14 at $189.1500 per unit
Conversion ratio 1-for-1 Each restricted stock unit converts into one share of Marsh & McLennan common stock
Grant reference price $188.4450 per unit Price field for 144.2700 restricted stock units granted on 2026-08-15
Dividend equivalent reference price $189.1500 per unit Price field for 46.6400 restricted stock units acquired on 2026-08-14
Restricted Stk. Units-Dir. Stk. Plan financial
"The 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.
Directors Stock Compensation Plan financial
"under the Marsh & McLennan Companies Directors Stock Compensation Plan."

FAQ

What insider transactions did MRSH director Jane H Lute report in this Form 4?
Jane H Lute reported two acquisitions of restricted stock units under Marsh & McLennan’s Directors Stock Compensation Plan, consisting of a regular fee-related grant and additional units credited as dividend equivalents.

How many restricted stock units did Jane H Lute receive from MRSH on August 15, 2026?
On 2026-08-15, Jane H Lute received 144.27 restricted stock units tied to Marsh & McLennan common stock as part of her director compensation under the company’s Directors Stock Compensation Plan.

What was the second MRSH restricted stock unit transaction reported by Jane H Lute?
On 2026-08-14, Jane H Lute acquired 46.64 restricted stock units in connection with dividend equivalents credited to her account under Marsh & McLennan’s Directors Stock Compensation Plan.

How do the MRSH restricted stock units reported by Jane H Lute convert into shares?
The reported restricted stock units convert into Marsh & McLennan common stock on a 1-for-1 basis, meaning each unit is exchangeable for one share of MRSH common stock according to the plan terms.

Were Jane H Lute’s MRSH transactions stock purchases or sales on the market?
No. The Form 4 shows grants and credited units of restricted stock units under a director compensation plan, not open-market stock purchases or sales by Jane H Lute.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Lute Jane H
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stk. Units-Dir. Stk. Plan(1)08/14/2026J(2)V46.64 (3) (3)Common Stock46.64$189.158,958.33D
Restricted Stk. Units-Dir. Stk. Plan(1)08/15/2026A(4)144.27 (3) (3)Common Stock144.27$188.4459,102.6D
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-fact08/18/2026
** Signature of Reporting PersonDate
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