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Willis Towers Watson (WTW) exec reports RSU award and tax share withholding

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

Rhea-AI Filing Summary

Willis Towers Watson PLC Co-Head of Corporate Development Anne Pullum reported routine equity compensation activity. On April 20, she received 1,053.749 time-based restricted share units (RSUs) that will vest in equal parts on the first, second, and third anniversaries of the grant date. On April 21, 144.263 ordinary shares were withheld by the company to cover taxes related to a prior RSU vesting, at a reference price of $297.64 per share. After these transactions, she directly holds 22,363.6803 ordinary shares, including 12 shares from previously accrued dividend equivalent rights.

Positive

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Negative

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Insider Pullum Anne
Role Co-Head of Corporate Dev.
Type Security Shares Price Value
Tax Withholding Ordinary Shares, nominal value $0.000304635 per share 144.263 $297.64 $43K
Grant/Award Ordinary Shares, nominal value $0.000304635 per share 1,053.749 $0.00 --
Holdings After Transaction: Ordinary Shares, nominal value $0.000304635 per share — 22,363.68 shares (Direct, null)
Footnotes (1)
  1. Comprised of 1,053.749 time-based restricted share units ("RSUs"), which represent the right to receive ordinary shares, par value $0.000304635 per share, of the Issuer. The RSUs shall vest ratably over a three-year period as of the first, second and third anniversaries of the grant date. Includes 12 shares relating to dividend equivalent rights that previously accrued on the reporting person's RSU awards and were not included in the prior Form 4 due to processing and settlement on April 21, 2026. Withholding of shares by Issuer incident to the tax payment related to the vesting and settlement of RSUs granted on April 20, 2025.
RSUs granted 1,053.749 RSUs Time-based RSU award on April 20, 2026, vesting over three years
Tax-withheld shares 144.263 shares Shares withheld for RSU-related tax payment on April 21, 2026
Reference share price $297.64 per share Price used for tax-withholding disposition on April 21, 2026
Shares held after transactions 22,363.6803 shares Direct ordinary share holdings following reported Form 4 transactions
Dividend equivalent shares 12 shares Shares from dividend equivalent rights accrued on RSUs, settled April 21, 2026
restricted share units (RSUs) financial
"Comprised of 1,053.749 time-based restricted share units ("RSUs"), which represent the right to receive ordinary shares"
Restricted share units (RSUs) are a form of employee pay where a company promises to give shares (or their cash value) to workers after certain conditions, usually time or performance, are met. For investors, RSUs matter because they can increase the number of shares outstanding and signal how management is being paid and incentivized—think of them as delayed bonuses that convert into ownership when vesting conditions are satisfied.
dividend equivalent rights financial
"Includes 12 shares relating to dividend equivalent rights that previously accrued on the reporting person's RSU 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.
time-based financial
"Comprised of 1,053.749 time-based restricted share units ("RSUs")"
tax-withholding disposition financial
"Withholding of shares by Issuer incident to the tax payment related to the vesting and settlement of RSUs"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
vesting financial
"The RSUs shall vest ratably over a three-year period as of the first, second and third anniversaries of the grant date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
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*
Pullum Anne
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Co-Head of Corporate Dev.
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026		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
Ordinary Shares, nominal value $0.000304635 per share04/20/2026A1,053.749(1)A$022,507.9433(2)D
Ordinary Shares, nominal value $0.000304635 per share04/21/2026F144.263(3)D$297.6422,363.6803D
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
Explanation of Responses:
1. Comprised of 1,053.749 time-based restricted share units ("RSUs"), which represent the right to receive ordinary shares, par value $0.000304635 per share, of the Issuer. The RSUs shall vest ratably over a three-year period as of the first, second and third anniversaries of the grant date.
2. Includes 12 shares relating to dividend equivalent rights that previously accrued on the reporting person's RSU awards and were not included in the prior Form 4 due to processing and settlement on April 21, 2026.
3. Withholding of shares by Issuer incident to the tax payment related to the vesting and settlement of RSUs granted on April 20, 2025.
/s/ Anne Pullum by Gary Pang, Attorney-in-Fact (power of attorney previously filed)04/22/2026
** 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 insider transactions did Willis Towers Watson (WTW) executive Anne Pullum report?

Anne Pullum reported an RSU grant and a tax-related share withholding. She received 1,053.749 time-based RSUs and had 144.263 ordinary shares withheld by Willis Towers Watson to satisfy tax obligations tied to a prior RSU vesting event.

How many Willis Towers Watson (WTW) RSUs were granted to Anne Pullum?

Anne Pullum was granted 1,053.749 time-based restricted share units. These RSUs represent the right to receive Willis Towers Watson ordinary shares and are scheduled to vest ratably over three years, on the first, second, and third anniversaries of the April 20, 2026 grant date.

How do Anne Pullum’s new RSUs at Willis Towers Watson (WTW) vest?

The 1,053.749 RSUs granted to Anne Pullum vest ratably over three years. Equal portions vest on each of the first, second, and third anniversaries of the April 20, 2026 grant date, aligning the award with multi-year service and performance at Willis Towers Watson.

Why were 144.263 Willis Towers Watson (WTW) shares disposed of in Anne Pullum’s Form 4?

The 144.263 shares were withheld by Willis Towers Watson to pay taxes on vested RSUs. This F-code transaction is a tax-withholding disposition, not an open-market sale, tied to RSUs granted on April 20, 2025 and settled on April 21, 2026.

How many Willis Towers Watson (WTW) shares does Anne Pullum hold after these transactions?

After the reported RSU grant and tax withholding, Anne Pullum directly holds 22,363.6803 Willis Towers Watson ordinary shares. This total includes 12 additional shares from dividend equivalent rights that accrued on prior RSU awards and settled on April 21, 2026.

What are the dividend equivalent rights noted in Anne Pullum’s Willis Towers Watson (WTW) filing?

Dividend equivalent rights are credits that mirror dividends on unvested RSUs. In this filing, 12 ordinary shares were added to Anne Pullum’s holdings, reflecting previously accrued dividend equivalent rights on her RSU awards, processed and settled on April 21, 2026.