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Willis Towers Watson (WTW) CEO Carl Hess receives 773 restricted share units

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

Rhea-AI Filing Summary

Willis Towers Watson plc Chief Executive Officer Carl Aaron Hess reported an acquisition of 773.4257 Restricted Share Units on Ordinary Shares at $280.1400 per share. These units are part of his compensation and increase his directly held restricted share units to 10,406.6758.

The restricted share units convert into Ordinary Shares on a 1:1 basis and settle six months after Hess’s termination date. The total includes units credited under the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees, reflecting both his deferral elections and the company’s matching contributions.

Positive

  • None.

Negative

  • None.
Insider Hess Carl Aaron
Role Chief Executive Officer
Type Security Shares Price Value
Grant/Award Restricted Share Unit 773.426 $280.14 $217K
Holdings After Transaction: Restricted Share Unit — 10,406.676 shares (Direct)
Footnotes (1)
  1. Restricted share units settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis 6 months after the reporting person's termination date. Includes restricted share units acquired pursuant to the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees (the "Plan"), including the participant's deferral election under the Plan and the Company's matching contribution on the participant's deferral election credited to the participant's account in the form of restricted share units under the Plan.
Restricted share units granted 773.4257 units Award to CEO Carl Hess on 2026-04-10
Grant reference price $280.1400 per share Value used for the Restricted Share Unit award
Total RSUs after transaction 10,406.6758 units Directly held restricted share units following the grant
Ordinary share nominal value $0.000304635 per share Nominal value of underlying Willis Towers Watson Ordinary Shares
RSU conversion price $0.0000 Conversion or exercise price for the Restricted Share Units
Restricted Share Unit financial
"security_title: "Restricted Share Unit""
A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.
Ordinary Shares financial
"underlying_security_title: "Ordinary Shares, nominal value $0.000304635 per share""
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.
Non-Qualified Deferred Savings Plan financial
"acquired pursuant to the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees"
matching contribution financial
"the Company's matching contribution on the participant's deferral election credited to the participant's account"
An employer’s matching contribution is when a company adds money to an employee’s retirement or savings account based on the employee’s own contributions, like a store offering to top up a customer’s purchase to reach a discount threshold. It matters to investors because matching increases a firm’s compensation costs and can improve staff retention and morale, which affect productivity, cash flow and long-term liabilities that influence a company’s financial outlook.
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*
Hess Carl Aaron
(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
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026		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 Share Unit(1)04/10/2026A773.4257(2) (1) (1)Ordinary Shares, nominal value $0.000304635 per share773.4257$280.1410,406.6758D
Explanation of Responses:
1. Restricted share units settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis 6 months after the reporting person's termination date.
2. Includes restricted share units acquired pursuant to the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees (the "Plan"), including the participant's deferral election under the Plan and the Company's matching contribution on the participant's deferral election credited to the participant's account in the form of restricted share units under the Plan.
/s/ Carl A. Hess by Gary Pang, Attorney-in-Fact (power of attorney previously filed)04/14/2026
** 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

FAQ

What did Willis Towers Watson (WTW) CEO Carl Hess report in this Form 4?

Carl Hess reported receiving 773.4257 Restricted Share Units as part of his compensation. These units are tied to Willis Towers Watson Ordinary Shares and increase his directly held restricted share units to 10,406.6758 following the reported transaction.

Is the Carl Hess Form 4 for Willis Towers Watson (WTW) a stock purchase or compensation grant?

The Form 4 reflects a compensation grant, not an open-market stock purchase. Hess acquired 773.4257 Restricted Share Units coded as an award, which represents deferred equity tied to company performance and service rather than a discretionary share purchase.

How many Willis Towers Watson (WTW) restricted share units does Carl Hess hold after this filing?

After this grant, Carl Hess directly holds 10,406.6758 restricted share units. This figure includes the newly awarded 773.4257 units and prior grants, giving investors a view of his accumulated deferred equity exposure to Willis Towers Watson stock.

When do Carl Hess’s Willis Towers Watson (WTW) restricted share units settle into Ordinary Shares?

The restricted share units settle into Ordinary Shares on a 1:1 basis six months after Hess’s termination date. This means shares are not delivered during his active employment, reinforcing the long-term, retention-focused nature of this equity compensation.

What role does the Willis Towers Watson Non-Qualified Deferred Savings Plan play in this Form 4?

Part of Hess’s reported restricted share units comes through the Non-Qualified Deferred Savings Plan. His deferral elections and the company’s matching contributions are credited as restricted share units, linking his deferred compensation and employer match directly to Willis Towers Watson equity.

What type of security is reported in Carl Hess’s Willis Towers Watson (WTW) Form 4?

The filing reports derivative securities classified as Restricted Share Units tied to Ordinary Shares with a nominal value of $0.000304635 per share. These RSUs have a conversion price of $0.0000 and represent deferred equity rather than currently tradable common stock.