Willis Towers Watson (WTW) counsel logs dividend-based share and RSU gains

Rhea-AI Filing Summary

Willis Towers Watson plc General Counsel Matthew Furman reported routine equity accruals tied to company share plans. On January 15, 2026, he acquired 5.039 Ordinary Shares at $0, increasing his directly held Ordinary Shares to 35,416.0596. These came from dividend equivalent rights on previously reported restricted share units, each right equal to one Ordinary Share.

He also acquired 8.961 restricted share units at $0 under the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees and 7.1255 restricted share units at $0 under the Non-Qualified Stable Value Excess Plan for U.S. Employees, reflecting dividends, deferral elections, and company matching contributions. These restricted share units settle into Ordinary Shares on a 1:1 basis according to the plans’ post-termination or separation schedules.

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

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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^*

Furman Matthew

(Last) (First) (Middle)

C/O WILLIS GROUP LIMITED

51 LIME STREET

(Street)

LONDON X0 EC3M 7DQ

(City) (State) (Zip)

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)
	General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	01/15/2026		A		5.039(1)	A	$0	35,416.0596	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)	01/15/2026		A		8.961(3)		(2)	(2)	Ordinary Shares, nominal value $0.000304635 per share	8.961	$0	3,363.2774	D
Restricted Share Unit	(4)	01/15/2026		A		7.1255(5)		(4)	(4)	Ordinary Shares, nominal value $0.000304635 per share	7.1255	$0	2,560.6965	D

Explanation of Responses:

1. The dividend equivalent rights accrued on the reporting person's previously reported restricted share unit award 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/ Matthew Furman by Lina Vanessa Jaramillo, Attorney-in-Fact (power of attorney previously filed)	01/16/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did Willis Towers Watson (WTW) report for Matthew Furman?

Willis Towers Watson reported that General Counsel Matthew Furman acquired additional Ordinary Shares and restricted share units on January 15, 2026, all at a price of $0, reflecting dividend equivalents and plan-related accruals rather than open-market purchases.

How many Willis Towers Watson Ordinary Shares does Matthew Furman hold after this Form 4?

Following the reported acquisition of 5.039 Ordinary Shares at $0, Matthew Furman beneficially owns 35,416.0596 Ordinary Shares directly.

What restricted share unit awards did Matthew Furman receive in this WTW Form 4?

On January 15, 2026, he acquired 8.961 restricted share units under the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees and 7.1255 restricted share units under the Non-Qualified Stable Value Excess Plan for U.S. Employees, both at $0 per unit.

How and when do Matthew Furman’s restricted share units in WTW settle into shares?

The restricted share units generally settle into Ordinary Shares on a 1:1 basis. For certain awards, settlement occurs 6 months after the reporting person’s termination date or on specified dates after separation from service or death, as described in the respective non-qualified plans.

What are dividend equivalent rights mentioned in the WTW Form 4 filing?

Dividend equivalent rights are credits that accrue on previously reported restricted share unit awards. In this case, each dividend equivalent right is described as the economic equivalent of one WTW Ordinary Share and follows the same vesting schedule as the underlying restricted share units.

Were Matthew Furman’s WTW transactions open-market trades or plan-based accruals?

The reported acquisitions at $0 per share or unit arose from dividends, deferral elections, and company matching contributions under the Willis Towers Watson non-qualified employee plans and dividend equivalent rights, rather than from open-market buying or selling.