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Kurpis at Willis Towers Watson (WTW) gets RSU grant with tax share withholding

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

Rhea-AI Filing Summary

Willis Towers Watson PLC PAO and Controller Joseph Stephen Kurpis reported routine equity compensation activity. On April 20, 2026, he received a grant of 96.944 time-based restricted share units (RSUs), each representing one ordinary share, at a price of $0.0000 per share. These RSUs vest in three equal installments on the first, second and third anniversaries of the grant date.

On April 21, 2026, 9.582 ordinary shares were disposed of at $297.64 per share through share withholding to cover taxes related to RSU vesting, rather than an open-market sale. After these transactions, Kurpis directly holds 1,692.416 ordinary shares, including one share from previously accrued dividend equivalent rights.

Positive

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Negative

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Insider Kurpis Joseph Stephen
Role PAO and Controller
Type Security Shares Price Value
Tax Withholding Ordinary Shares, nominal value $0.000304635 per share 9.582 $297.64 $3K
Grant/Award Ordinary Shares, nominal value $0.000304635 per share 96.944 $0.00 --
Holdings After Transaction: Ordinary Shares, nominal value $0.000304635 per share — 1,692.416 shares (Direct, null)
Footnotes (1)
  1. Comprised of 96.944 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 1 share 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 96.944 units Time-based RSU award on April 20, 2026
RSU grant price $0.0000 per share Grant/award acquisition with no cash paid by insider
Tax withholding shares 9.582 shares Shares withheld for tax payment on April 21, 2026
Withholding price $297.64 per share Value used for tax-withholding disposition of 9.582 shares
Shares after transactions 1,692.416 shares Direct ordinary shares held following Form 4 transactions
Dividend equivalent share 1 share Relating to dividend equivalents on prior RSU awards, settled April 21, 2026
RSU vesting schedule 3 annual installments Vests on first, second and third anniversaries of grant date
restricted share units ("RSUs") financial
"Comprised of 96.944 time-based restricted share units ("RSUs"), which represent the right to receive ordinary shares"
dividend equivalent rights financial
"Includes 1 share 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 restricted share units financial
"Comprised of 96.944 time-based restricted share units ("RSUs"), which represent the right to receive ordinary shares"
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*
Kurpis Joseph Stephen
(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)
PAO and Controller
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 share04/20/2026A96.944(1)A$01,701.998(2)D
Ordinary Shares, nominal value $0.000304635 per share04/21/2026F9.582(3)D$297.641,692.416D
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 96.944 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 1 share 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/ Joseph S. Kurpis 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 did WTW executive Joseph Stephen Kurpis report in this Form 4 filing?

He reported an equity award and related tax withholding. Kurpis received 96.944 restricted share units and had 9.582 shares withheld to cover taxes, ending with 1,692.416 directly held Willis Towers Watson ordinary shares after these compensation-related transactions.

How many Willis Towers Watson (WTW) shares did Kurpis receive in the new RSU grant?

He received 96.944 time-based restricted share units. Each RSU represents the right to receive one ordinary share, with the grant vesting in three equal annual installments on the first, second and third anniversaries of the April 20, 2026 grant date.

Were the 9.582 WTW shares in Kurpis’ Form 4 an open-market sale?

No, the 9.582 shares were withheld by the company for taxes. The filing classifies this as a tax-withholding disposition linked to RSU vesting, not an open-market sale initiated by Kurpis to reduce his investment position.

What is Kurpis’ direct ownership in Willis Towers Watson (WTW) after these transactions?

Following the RSU grant and tax withholding, Kurpis directly owns 1,692.416 ordinary shares. This figure includes one additional share from dividend equivalent rights that accrued on prior RSU awards and settled on April 21, 2026.

How do the Kurpis RSUs in WTW vest over time?

The 96.944 restricted share units vest ratably over three years. One-third of the RSUs vests on each of the first, second and third anniversaries of the April 20, 2026 grant date, subject to the award’s standard terms and conditions.