When do WTW's restricted share units settle?

The 76 restricted share units settle for ordinary shares on a 1:1 basis six months after the reporting person's termination date. Vested shares under the 17-unit award settle on a 1:1 basis 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.

Willis Towers Watson: Gebauer acquires stock grants

Q: What did WTW's Julie Jarecke Gebauer acquire on October 15, 2026?

She acquired 76 restricted share units under the Non-Qualified Deferred Savings Plan, 17 restricted share units under the Non-Qualified Stable Value Excess Plan, and 11 ordinary shares.

The restricted share units settle in ordinary shares under conditions tied to termination, separation from service or death.

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Form Type

Rhea-AI Filing Summary

Willis Towers Watson plc (WTW) reported direct award acquisitions by Julie Jarecke Gebauer, Pres.-Health, Wealth & Career, on October 15, 2026: 76 restricted share units under its Non-Qualified Deferred Savings Plan, 17 restricted share units under its Non-Qualified Stable Value Excess Plan, and 11 ordinary shares. The reported ordinary-share acquisition left her with 78,039 ordinary shares held directly. The report also lists 534 ordinary shares in each of the Dane Adam Gebauer Management Trust UA Feb 18, 2012 and Jeffrey Austin Gebauer Management Trust UA Feb 18, 2012.

Insider Trade Summary

Grant/Award: 104.1545 shares

Grant/Award 5 txns

Insider Gebauer Julie Jarecke

Role Pres.-Health, Wealth & Career

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Unit ^{F3, F4}	75.9953	$0.00	$0.00
Grant/Award	Restricted Share Unit ^{F5, F6}	17.4032	$0.00	$0.00
Grant/Award	Ordinary Shares, nominal value $0.000304635 per share ^{F1, F2}	10.756	$0.00	$0.00
holding	Ordinary Shares, nominal value $0.000304635 per share	--	--	--
holding	Ordinary Shares, nominal value $0.000304635 per share	--	--	--

Holdings After Transaction: Restricted Share Unit — 30,365.1893 contracts (Direct); Ordinary Shares, nominal value $0.000304635 per share — 78,039.0755 shares (Direct); Ordinary Shares, nominal value $0.000304635 per share — 534 shares (Indirect, Dane Adam Gebauer Management Trust UA Feb 18, 2012); Ordinary Shares, nominal value $0.000304635 per share — 534 shares (Indirect, Jeffrey Austin Gebauer Management Trust UA Feb 18, 2012)

Footnotes (6)

F1. 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.
F2. Amount corrects a nominal overstatement of the number of shares received in a prior dividend.
F3. 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.
F4. 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.
F5. 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.
F6. 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

Restricted share units, Non-Qualified Deferred Savings Plan: 76 shares Restricted share units, Non-Qualified Stable Value Excess Plan: 17 shares Ordinary shares acquired: 11 shares +3 more

6 metrics

Restricted share units, Non-Qualified Deferred Savings Plan 76 shares Award acquisition on October 15, 2026

Restricted share units, Non-Qualified Stable Value Excess Plan 17 shares Award acquisition on October 15, 2026

Ordinary shares acquired 11 shares Award acquisition on October 15, 2026

Direct ordinary shares following reported acquisition 78,039 shares As of October 15, 2026

Ordinary shares in Dane Adam Gebauer Management Trust UA Feb 18, 2012 534 shares Indirect holding listed on October 15, 2026

Ordinary shares in Jeffrey Austin Gebauer Management Trust UA Feb 18, 2012 534 shares Indirect holding listed on October 15, 2026

Key Terms

restricted share unit, dividend equivalent rights, 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"

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.

Non-Qualified Deferred Savings Plan financial

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

Non-Qualified Stable Value Excess Plan financial

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

FAQ

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

What did WTW's Julie Jarecke Gebauer acquire on October 15, 2026?

She acquired 76 restricted share units under the Non-Qualified Deferred Savings Plan, 17 restricted share units under the Non-Qualified Stable Value Excess Plan, and 11 ordinary shares.

Why were 11 ordinary shares reported for WTW's Julie Jarecke Gebauer?

The reported amount corrects a nominal overstatement of the number of shares received in a prior dividend.

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

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Available on EDGAR 10/19/2026 - 04:06 PM EDT Accepted by SEC EDGAR 10/19/2026 - 04:06 PM EDT

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^*

Gebauer Julie Jarecke

(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)
	Pres.-Health, Wealth & Career

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares, nominal value $0.000304635 per share	10/15/2026		A		10.756⁽¹⁾	A	$0	78,039.0755⁽²⁾	D
Ordinary Shares, nominal value $0.000304635 per share								534	I	Dane Adam Gebauer Management Trust UA Feb 18, 2012
Ordinary Shares, nominal value $0.000304635 per share								534	I	Jeffrey Austin Gebauer Management Trust UA Feb 18, 2012

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Share Unit	⁽³⁾	10/15/2026		A		75.9953⁽⁴⁾		⁽³⁾	⁽³⁾	Ordinary Shares, nominal value $0.000304635 per share	75.9953	$0	24,708.1055	D
Restricted Share Unit	⁽⁵⁾	10/15/2026		A		17.4032⁽⁶⁾		⁽⁵⁾	⁽⁵⁾	Ordinary Shares, nominal value $0.000304635 per share	17.4032	$0	5,657.0838	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. Amount corrects a nominal overstatement of the number of shares received in a prior dividend.

3. 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.

4. 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.

5. 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.

6. 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/ Julie J. Gebauer by Gary Pang, Attorney-in-Fact (power of attorney previously filed)	10/19/2026
	** 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)

Source: View Original Filing on SEC EDGAR