Willis Towers Watson (NASDAQ: WTW) director reports tax withholding of shares

Rhea-AI Filing Summary

Willis Towers Watson director Paul C. Reilly reported a tax-withholding disposition of shares tied to restricted share unit vesting. On May 15, 2026, 495.468 ordinary shares were withheld at $247.64 per share to cover taxes related to the vesting and settlement of 1,032.225 restricted share units granted on May 15, 2025. After this non-market transaction, he held 1,827.757 ordinary shares directly and 48 ordinary shares indirectly through a revocable trust.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider REILLY PAUL C

Role null

Type	Security	Shares	Price	Value
Tax Withholding	Ordinary Shares, nominal value $0.000304635 per share	495.468	$247.64	$123K
holding	Ordinary Shares, nominal value $0.000304635 per share	--	--	--

Holdings After Transaction: Ordinary Shares, nominal value $0.000304635 per share — 1,827.757 shares (Direct, null); Ordinary Shares, nominal value $0.000304635 per share — 48 shares (Indirect, Revocable Trust)

Footnotes (1)

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Key Figures

Tax-withheld shares: 495.468 shares Withholding price: $247.64 per share Shares after transaction (direct): 1,827.757 shares +2 more

5 metrics

Tax-withheld shares 495.468 shares Withheld to cover tax payment on RSU vesting May 15, 2026

Withholding price $247.64 per share Price used for tax-withholding disposition of ordinary shares

Shares after transaction (direct) 1,827.757 shares Direct ordinary share holdings following the tax-withholding transaction

Indirect trust holdings 48 shares Ordinary shares held indirectly through a revocable trust

RSUs vested 1,032.225 units Restricted share units granted May 15, 2025 that vested and settled

Key Terms

restricted share units, tax payment, revocable trust, tax-withholding disposition

4 terms

restricted share units financial

"related to the vesting and settlement of 1,032.225 restricted share units granted on May 15, 2025"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

tax payment financial

"Withholding of shares by Issuer incident to the tax payment related to the vesting"

revocable trust financial

"total_shares_following_transaction: 48.0000, direct_or_indirect: I, nature_of_ownership: Revocable Trust"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

tax-withholding disposition financial

"transaction_action: tax-withholding disposition, transaction_code_description: Payment of exercise price or tax liability"

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

REILLY PAUL C

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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	05/15/2026		F		495.468(1)	D	$247.64	1,827.757	D
Ordinary Shares, nominal value $0.000304635 per share								48	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

Explanation of Responses:

1. Withholding of shares by Issuer incident to the tax payment related to the vesting and settlement of 1,032.225 restricted share units granted on May 15, 2025.

	/s/ Paul C. Reilly by Lina Vanessa Jaramillo, Attorney-in-Fact (power of attorney attached)	05/18/2026
	** 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)

FAQ

What did Willis Towers Watson (WTW) director Paul C. Reilly report in this Form 4?

Paul C. Reilly reported a tax-related share disposition. 495.468 ordinary shares were withheld at $247.64 per share to pay taxes on the vesting of 1,032.225 restricted share units granted May 15, 2025.

Was Paul C. Reilly’s Willis Towers Watson Form 4 transaction an open-market sale?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer to satisfy tax obligations from restricted share unit vesting and settlement on May 15, 2026.

How many Willis Towers Watson shares does Paul C. Reilly hold after this Form 4 transaction?

After the transaction, Paul C. Reilly directly held 1,827.757 ordinary shares. He also indirectly held 48 additional ordinary shares through a revocable trust, as disclosed in the Form 4 filing details.

What restricted share unit vesting triggered the Willis Towers Watson share withholding?

The withholding relates to 1,032.225 restricted share units. These units were granted on May 15, 2025 and later vested and settled, creating a tax obligation satisfied by withholding 495.468 ordinary shares.

How is the indirect ownership in Willis Towers Watson shares structured for Paul C. Reilly?

The Form 4 shows 48 ordinary shares held indirectly through a revocable trust. This indicates those shares are owned via the trust structure rather than directly, while 1,827.757 shares are held in his direct ownership.