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Willis Towers Watson (WTW) director has shares withheld for RSU tax payment

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

Rhea-AI Filing Summary

Willis Towers Watson director Michael P. Hammond reported a tax-related share disposition tied to restricted share unit vesting. On the vesting and settlement of 709.655 restricted share units granted on May 15, 2025, 340.635 ordinary shares were withheld by the company at a price of $247.64 per share to cover tax obligations. After this non-market transaction, Hammond directly holds 2,164.020 ordinary shares.

Positive

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Negative

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Insider Hammond Michael P.
Role null
Type Security Shares Price Value
Tax Withholding Ordinary Shares, nominal value $0.000304635 per share 340.635 $247.64 $84K
Holdings After Transaction: Ordinary Shares, nominal value $0.000304635 per share — 2,164.02 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Tax-withholding shares 340.635 shares Ordinary shares withheld to cover tax on RSU vesting
Transaction price $247.64 per share Value applied to withheld shares for tax payment
RSUs vested 709.655 units Restricted share units granted on May 15, 2025 that vested
Shares held after transaction 2,164.020 shares Direct holdings of Michael P. Hammond following withholding
Transaction date May 15, 2026 Date of tax-withholding disposition reported on Form 4
restricted share units financial
"vesting and settlement of 709.655 restricted share units granted on May 15, 2025"
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for 340.635 ordinary shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Ordinary Shares, nominal value $0.000304635 per share financial
"security_title: Ordinary Shares, nominal value $0.000304635 per share"
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: Payment of exercise price or tax liability by delivering securities"
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*
Hammond Michael P.

(Last)(First)(Middle)
C/O WILLIS GROUP LIMITED
51 LIME STREET

(Street)
LONDONEC3M 7DQ

(City)(State)(Zip)

UNITED KINGDOM

(Country)
2. Issuer Name and Ticker or Trading Symbol
WILLIS TOWERS WATSON PLC [ WTW ]
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)
05/15/2026
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
Ordinary Shares, nominal value $0.000304635 per share05/15/2026F340.635(1)D$247.642,164.02D
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
Explanation of Responses:
1. Withholding of shares by Issuer incident to the tax payment related to the vesting and settlement of 709.655 restricted share units granted on May 15, 2025.
/s/ Michael P. Hammond by Lina Vanessa Jaramillo, Attorney-in-Fact (power of attorney attached)05/18/2026
** 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)

FAQ

What insider transaction did WTW director Michael P. Hammond report?

Michael P. Hammond reported a tax-withholding disposition of 340.635 Willis Towers Watson ordinary shares. The shares were withheld by the company to satisfy tax obligations related to vesting restricted share units, rather than sold in the open market.

Was the WTW Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax-withholding transaction, not an open-market sale. Shares were withheld by Willis Towers Watson to pay taxes due on the vesting and settlement of restricted share units granted to Michael P. Hammond.

How many WTW shares were withheld for taxes in Hammond’s filing?

The filing reports that 340.635 ordinary shares of Willis Towers Watson were withheld. This withholding covered tax obligations arising from the vesting of 709.655 restricted share units granted on May 15, 2025.

What RSU vesting event triggered Michael Hammond’s WTW tax withholding?

The tax withholding was triggered by the vesting and settlement of 709.655 restricted share units granted on May 15, 2025. Upon vesting, a portion of the resulting shares was withheld by the issuer to cover related tax liabilities.

How many WTW shares does Michael P. Hammond hold after this Form 4 transaction?

After the tax-withholding disposition, Michael P. Hammond directly holds 2,164.020 ordinary shares of Willis Towers Watson. This figure reflects his position immediately following the withholding of 340.635 shares for tax payments.

What price per share is shown in Michael Hammond’s WTW Form 4 transaction?

The Form 4 lists a transaction price of $247.64 per share for the 340.635 ordinary shares withheld. This price is used to value the shares applied toward Hammond’s tax payment obligation on the RSU vesting.