Willis Towers Watson’s Qureshi acquires stock units

The Global Head of Geographies' award units carry two different settlement schedules tied to termination or separation, with one also tied to death.

Rhea-AI Filing Summary

Willis Towers Watson plc (WTW) reported that Imran Ahmed Qureshi, Global Head of Geographies, acquired 9.7231 restricted share units under its Non-Qualified Deferred Savings Plan and 5.2397 restricted share units under its Non-Qualified Stable Value Excess Plan on October 15, 2026. A separate ordinary-share entry was about 6 shares; footnotes describe dividend-equivalent rights and a correction to a prior dividend share overstatement. Qureshi reported about 2,361 ordinary shares held directly after that entry and 9,861 ordinary shares held indirectly through a Revocable Trust.

Insider Trade Summary

Grant/Award: 20.8188 shares

Grant/Award 4 txns

Insider Qureshi Imran Ahmed

Role Global Head of Geographies

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Unit F3, F4	9.7231	$0.00	$0.00
Grant/Award	Restricted Share Unit F5, F6	5.2397	$0.00	$0.00
Grant/Award	Ordinary Shares, nominal value $0.000304635 per share F1, F2	5.856	$0.00	$0.00
holding	Ordinary Shares, nominal value $0.000304635 per share	--	--	--

Holdings After Transaction: Restricted Share Unit — 4,909.4348 contracts (Direct); Ordinary Shares, nominal value $0.000304635 per share — 2,361.334 shares (Direct); Ordinary Shares, nominal value $0.000304635 per share — 9,860.871 shares (Indirect, Revocable Trust)

Footnotes (6)

1. 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.
2. F2. Amount corrects a nominal overstatement of the number of shares received in a prior dividend.
3. 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.
4. 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.
5. 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.
6. 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

Deferred Savings Plan restricted share units acquired: 9.7231 restricted share units Stable Value Excess Plan restricted share units acquired: 5.2397 restricted share units Ordinary shares acquired: about 6 ordinary shares +2 more

5 metrics

Deferred Savings Plan restricted share units acquired 9.7231 restricted share units October 15, 2026

Stable Value Excess Plan restricted share units acquired 5.2397 restricted share units October 15, 2026

Ordinary shares acquired about 6 ordinary shares October 15, 2026; the entry corrects a nominal overstatement in shares received in a prior dividend

Direct ordinary shares following transaction about 2,361 ordinary shares Reported after the October 15, 2026 ordinary-share entry

Indirect ordinary shares through Revocable Trust about 9,861 ordinary shares Reported on October 15, 2026

Key Terms

dividend equivalent rights, restricted share unit awards, vesting schedule, 1:1 basis

4 terms

dividend equivalent rights financial

"The dividend equivalent rights accrued on the reporting person's previously reported"

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 unit awards financial

"previously reported restricted share unit awards"

vesting schedule financial

"will vest based on the same vesting schedule applicable to the underlying award"

A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.

1:1 basis financial

"settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis"

FAQ

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

When do WTW award units settle?

The Deferred Savings Plan awards settle for Ordinary Shares on a 1:1 basis six months after Qureshi's termination date; vested shares under the Stable Value Excess Plan settle 1:1 on the first business day of a month when the NASDAQ Stock Market is open, after 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 10/19/2026 - 04:12 PM EDT Accepted by SEC EDGAR 10/19/2026 - 04:12 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^*

Qureshi Imran Ahmed

(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)
	Global Head of Geographies

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)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares, nominal value $0.000304635 per share	10/15/2026		A		5.856(1)	A	$0	2,361.334(2)	D
Ordinary Shares, nominal value $0.000304635 per share								9,860.871	I	Revocable Trust

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	(3)	10/15/2026		A		9.7231(4)		(3)	(3)	Ordinary Shares, nominal value $0.000304635 per share	9.7231	$0	3,203.6713	D
Restricted Share Unit	(5)	10/15/2026		A		5.2397(6)		(5)	(5)	Ordinary Shares, nominal value $0.000304635 per share	5.2397	$0	1,705.7635	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/ Imran Qureshi 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)