STOCK TITAN

Dividend grants lift Willis Towers Watson (WTW) exec Anne Pullum's stake

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Willis Towers Watson Co-Head of Corporate Dev. Anne Pullum reported compensation-related acquisitions on July 15, 2026. She received 6.6310 Ordinary Shares as dividend-equivalent rights, increasing her direct holdings to 22,448.2439 shares, plus 8.6480 and 3.1008 restricted share units credited as dividends under two non-qualified employee plans that settle 1:1 into Ordinary Shares upon future separation events.

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Insider Pullum Anne
Role Co-Head of Corporate Dev.
Type Security Shares Price Value
Grant/Award Restricted Share Unit 8.648 $0.00 --
Grant/Award Restricted Share Unit 3.101 $0.00 --
Grant/Award Ordinary Shares, nominal value $0.000304635 per share 6.631 $0.00 --
Holdings After Transaction: Restricted Share Unit — 2,628.932 shares (Direct); Ordinary Shares, nominal value $0.000304635 per share — 22,448.244 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.
Ordinary shares acquired 6.6310 shares Dividend-equivalent rights credited on July 15, 2026
Ordinary shares held after transaction 22,448.2439 shares Direct Ordinary Share holdings of Anne Pullum following July 15, 2026 award
RSUs acquired under Deferred Savings Plan 8.6480 RSUs Dividend-related restricted share units credited under the Non-Qualified Deferred Savings Plan
Deferred Savings Plan RSU balance 2,628.9323 RSUs Total restricted share units under the Non-Qualified Deferred Savings Plan after the July 15, 2026 credit
RSUs acquired under Excess Plan 3.1008 RSUs Dividend-related restricted share units credited under the Non-Qualified Stable Value Excess Plan
Excess Plan RSU balance 924.0208 RSUs Total restricted share units under the Non-Qualified Stable Value Excess Plan after the July 15, 2026 credit
Ordinary Share nominal value $0.000304635 per share Nominal value of Willis Towers Watson Ordinary Shares referenced in the awards
dividend equivalent rights financial
"The dividend equivalent rights accrued on the reporting person's previously reported restricted"
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 financial
"Restricted share units settle for Ordinary Shares, nominal value $0.000304635 per share"
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
"pursuant to the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees"
Non-Qualified Stable Value Excess Plan financial
"Vested shares under the Willis Towers Watson Non-Qualified Stable Value Excess Plan"
separation from service financial
"following the earlier of (i) the date that is 6 months after the reporting person's separation from service"

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FAQ

What insider transactions did Willis Towers Watson (WTW) report for Anne Pullum?

Willis Towers Watson reported that Anne Pullum acquired 6.6310 Ordinary Shares and two small restricted share unit credits (8.6480 and 3.1008 units) on July 15, 2026. All three entries are grants or dividend-related awards, with no reported sales or dispositions.

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

After the reported dividend-equivalent share credit, Anne Pullum directly holds 22,448.2439 Ordinary Shares of Willis Towers Watson. This reflects the addition of 6.6310 newly credited shares tied to prior restricted share unit awards and associated dividend-equivalent rights.

What restricted share units were credited to Anne Pullum in this Willis Towers Watson (WTW) Form 4?

Anne Pullum was credited 8.6480 RSUs under the Non-Qualified Deferred Savings Plan and 3.1008 RSUs under the Non-Qualified Stable Value Excess Plan as dividend-related awards. Post-transaction balances are 2,628.9323 and 924.0208 RSUs, respectively, each settling 1:1 into Ordinary Shares upon future separation events.

When will Anne Pullum's Willis Towers Watson (WTW) restricted share units settle into Ordinary Shares?

The reported restricted share units and vested shares settle into Ordinary Shares on a 1:1 basis after separation events. One plan settles generally six months after termination, while the Excess Plan settles on specific dates after separation from service or death, per its terms.

Were Anne Pullum’s Willis Towers Watson (WTW) transactions under a Rule 10b5-1 trading plan?

The Form 4’s Rule 10b5-1 checkbox is not checked, and there is no footnote stating these awards were executed under a pre-arranged trading plan. The reported entries are classified as grants or dividend-related acquisitions rather than open-market trades.

Do these Willis Towers Watson (WTW) transactions involve open-market purchases or sales by Anne Pullum?

No. All three transactions use code A for awards or other acquisitions at a reported price of $0.0000 per unit. They represent dividend-equivalent rights and restricted share unit credits under company plans, with no open-market purchases or sales reported in this filing.
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)
07/15/2026
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 share07/15/2026A6.631(1)A$022,448.2439D
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
Restricted Share Unit(2)07/15/2026A8.648(3) (2) (2)Ordinary Shares, nominal value $0.000304635 per share8.648$02,628.9323D
Restricted Share Unit(4)07/15/2026A3.1008(5) (4) (4)Ordinary Shares, nominal value $0.000304635 per share3.1008$0924.0208D
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/ Anne Pullum by Gary Pang, Attorney-in-Fact (power of attorney previously filed)07/17/2026
** 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)