Willis Towers Watson (WTW) PAO Kurpis receives new RSUs and shares

Rhea-AI Filing Summary

Willis Towers Watson PAO and Controller Joseph Stephen Kurpis reported small equity-based awards. On July 15, 2026 he acquired 0.6140 ordinary shares through dividend equivalent rights tied to earlier RSU awards, plus 1.3844 and 1.5099 restricted share units credited under two non-qualified employee plans. These RSUs settle 1:1 into ordinary shares on future separation-based dates set by each plan. Following these awards he directly holds 1,693.0300 ordinary shares, 421.1378 RSUs under the Non-Qualified Deferred Savings Plan and 449.9350 RSUs under the Non-Qualified Stable Value Excess Plan.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Kurpis Joseph Stephen

Role PAO and Controller

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Unit	1.384	$0.00	--
Grant/Award	Restricted Share Unit	1.51	$0.00	--
Grant/Award	Ordinary Shares, nominal value $0.000304635 per share	0.614	$0.00	--

Holdings After Transaction: Restricted Share Unit — 421.138 shares (Direct); Ordinary Shares, nominal value $0.000304635 per share — 1,693.03 shares (Direct)

Footnotes (1)

1. The dividend equivalent rights accrued on the reporting person's previously reported restricted share unit awards and will vest based on the same vesting schedule applicable to the underlying award. Each dividend equivalent right is the economic equivalent of one WTW Ordinary Share. 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. Represents dividends 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. 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. Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees (the "Excess Plan"), including the participant's deferral election under the Excess 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 Excess Plan.

Key Figures

Ordinary shares granted: 0.6140 shares Ordinary shares held after transaction: 1,693.0300 shares RSUs credited under Deferred Savings Plan: 1.3844 units +3 more

6 metrics

Ordinary shares granted 0.6140 shares Dividend equivalent rights credited on July 15, 2026

Ordinary shares held after transaction 1,693.0300 shares Direct holdings of ordinary shares following awards

RSUs credited under Deferred Savings Plan 1.3844 units Dividends in Non-Qualified Deferred Savings Plan credited as RSUs

RSUs held under Deferred Savings Plan 421.1378 units Total RSUs under Non-Qualified Deferred Savings Plan after credit

RSUs credited under Stable Value Excess Plan 1.5099 units Dividends in Non-Qualified Stable Value Excess Plan credited as RSUs

RSUs held under Stable Value Excess Plan 449.9350 units Total RSUs under Stable Value Excess Plan after credit

Key Terms

dividend equivalent rights, Restricted share units, Non-Qualified Deferred Savings Plan, Non-Qualified Stable Value Excess Plan

4 terms

dividend equivalent rights financial

"The dividend equivalent rights accrued on the reporting person's previously reported restricted share unit awards"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

Restricted share units financial

"Restricted share units settle for Ordinary Shares, nominal value $0.000304635 per share"

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.

Non-Qualified Deferred Savings Plan financial

"pursuant to the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees"

Non-Qualified Stable Value Excess Plan financial

"pursuant to the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/17/2026 - 04:09 PM Accepted by SEC EDGAR 07/17/2026 - 04:09 PM Learn about SEC filing dates

FAQ

What did Joseph Stephen Kurpis report in his WTW Form 4?

He reported small equity-based awards: 0.6140 ordinary shares from dividend equivalent rights, plus 1.3844 and 1.5099 restricted share units credited under two non-qualified plans. These RSUs settle into ordinary shares according to separation-based schedules defined in each plan.

How many Willis Towers Watson (WTW) ordinary shares does Kurpis own after this filing?

After the reported awards, Kurpis directly holds 1,693.0300 WTW ordinary shares. In addition, he has plan-based interests in 421.1378 restricted share units under the Non-Qualified Deferred Savings Plan and 449.9350 restricted share units under the Non-Qualified Stable Value Excess Plan.

What are the dividend equivalent rights noted in the WTW Form 4 for Kurpis?

Dividend equivalent rights are credits that mirror dividends on earlier RSU awards; each right is the economic equivalent of one WTW ordinary share. For Kurpis, 0.6140 shares accrued this way and will vest on the same schedule as the underlying restricted share unit awards.

What RSU plans are referenced in Joseph Kurpis's WTW Form 4?

The filing references the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees and the Non-Qualified Stable Value Excess Plan for U.S. Employees. Under each, dividends and company matching contributions are credited to Kurpis’s account in the form of restricted share units.

When will Kurpis's reported RSUs in WTW settle into ordinary shares?

RSUs under the Deferred Savings Plan settle for ordinary shares on a 1:1 basis six months after his termination date. RSUs under the Stable Value Excess Plan settle 1:1 on the first business day after the earlier of six months post-separation or 30 days after death.

Were Kurpis's WTW transactions made under a Rule 10b5-1 trading plan?

No. The Form 4’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote stating the transactions were executed under a Rule 10b5-1 or similar pre-arranged trading plan for Kurpis.

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^*

Kurpis Joseph Stephen

(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)
	PAO and Controller

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

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
Ordinary Shares, nominal value $0.000304635 per share	07/15/2026		A		0.614(1)	A	$0	1,693.03	D

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	(2)	07/15/2026		A		1.3844(3)		(2)	(2)	Ordinary Shares, nominal value $0.000304635 per share	1.3844	$0	421.1378	D
Restricted Share Unit	(4)	07/15/2026		A		1.5099(5)		(4)	(4)	Ordinary Shares, nominal value $0.000304635 per share	1.5099	$0	449.935	D

Explanation of Responses:

1. The dividend equivalent rights accrued on the reporting person's previously reported restricted share unit awards and will vest based on the same vesting schedule applicable to the underlying award. Each dividend equivalent right is the economic equivalent of one WTW Ordinary Share.

2. 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.

3. Represents dividends 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.

4. 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.

5. Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees (the "Excess Plan"), including the participant's deferral election under the Excess 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 Excess Plan.

	/s/ Joseph S. Kurpis by Gary Pang, Attorney-in-Fact (power of attorney previously filed)	07/17/2026
	** 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)