Willis Towers Watson HR chief acquires stock grants

The awards have different settlement schedules, and both plans specify settlement in ordinary shares on a 1:1 basis.

Rhea-AI Filing Summary

Willis Towers Watson plc Chief Human Resources Officer Kristy D. Banas acquired two restricted share unit awards on October 9, 2026: 42.2454 RSUs under the Non-Qualified Deferred Savings Plan, including participant deferrals and the company’s matching contribution, and 2.1536 RSUs under the Non-Qualified Stable Value Excess Plan. The first award settles for ordinary shares on a 1:1 basis six months after termination. Under the second plan, vested shares settle 1:1 on the first business day of an open month after the earlier of six months after separation from service or 30 days after death.

Insider Trade Summary

Grant/Award: 44.399 shares

Grant/Award 2 txns

Insider Banas Kristy D

Role Chief Human Resources Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Unit F1, F2	42.2454	$296.26	$13K
Grant/Award	Restricted Share Unit F3, F4	2.1536	$296.26	$638.03

Holdings After Transaction: Restricted Share Unit — 1,938.7761 contracts (Direct)

Footnotes (4)

1. F1. 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. F2. 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.
3. F3. Vested shares under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis on the first business day of the month on which the NASDAQ Stock Market is open for business following the earlier of (i) the date that is 6 months after the reporting person's separation from service and (ii) the date that is 30 days after the reporting person's death.
4. F4. Includes restricted share units acquired pursuant to the participant's deferral election under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees.

Key Figures

Restricted share units: 42.2454 RSUs Restricted share units: 2.1536 RSUs Settlement ratio: 1:1 +3 more

6 metrics

Restricted share units 42.2454 RSUs Acquired October 9, 2026, under the Non-Qualified Deferred Savings Plan

Restricted share units 2.1536 RSUs Acquired October 9, 2026, under the Non-Qualified Stable Value Excess Plan

Settlement ratio 1:1 Restricted share units settle for ordinary shares under the Deferred Savings Plan

Settlement period 6 months After the reporting person’s termination date for the Deferred Savings Plan units

Settlement ratio 1:1 Vested shares under the Stable Value Excess Plan settle for ordinary shares

Alternative settlement trigger 30 days After the reporting person’s death; the plan’s other trigger is six months after separation from service

Key Terms

Restricted share unit, Non-Qualified Deferred Savings Plan, Non-Qualified Stable Value Excess Plan

3 terms

Restricted share unit financial

"Restricted share units settle for Ordinary Shares"

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.

Non-Qualified Deferred Savings Plan financial

"acquired pursuant to the Willis Towers Watson Non-Qualified Deferred Savings Plan"

Non-Qualified Stable Value Excess Plan financial

"Willis Towers Watson Non-Qualified Stable Value Excess Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many restricted share units did WTW’s chief human resources officer acquire?

Kristy D. Banas reported 42.2454 restricted share units and 2.1536 restricted share units, both acquired on October 9, 2026. The first award was under the U.S. Employees Non-Qualified Deferred Savings Plan, including participant deferrals and the company’s matching contribution; the second was under the U.S. Employees Non-Qualified Stable Value Excess Plan.

When do WTW’s restricted share units settle?

The deferred savings plan units settle for ordinary shares on a 1:1 basis six months after termination. Under the Stable Value Excess Plan, vested shares settle 1:1 on the first business day of the month when the NASDAQ Stock Market is open, following the earlier of six months after separation from service or 30 days after death.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/13/2026 - 04:09 PM EDT Accepted by SEC EDGAR 10/13/2026 - 04:09 PM EDT 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^*

Banas Kristy D

(Last) (First) (Middle)

C/O WILLIS GROUP LIMITED

51 LIME STREET

(Street)

LONDON EC3M 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Human Resources Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/09/2026

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 Share Unit	(1)	10/09/2026		A		42.2454(2)		(1)	(1)	Ordinary Shares, nominal value $0.000304635 per share	42.2454	$296.26	1,380.4046	D
Restricted Share Unit	(3)	10/09/2026		A		2.1536(4)		(3)	(3)	Ordinary Shares, nominal value $0.000304635 per share	2.1536	$296.26	558.3715	D

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.

3. Vested shares under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis on the first business day of the month on which the NASDAQ Stock Market is open for business following the earlier of (i) the date that is 6 months after the reporting person's separation from service and (ii) the date that is 30 days after the reporting person's death.

4. Includes restricted share units acquired pursuant to the participant's deferral election under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees.

	/s/ Kristy D. Banas by Lina Vanessa Jaramillo, Attorney-in-Fact (power of attorney previously filed)	10/13/2026
	** 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.
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* Form 4: SEC 1474 (03-26)