Willis Towers Watson (WTW) CFO receives grant of additional restricted share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Krasner Andrew Jay reported acquisition or exercise transactions in this Form 4 filing.
Willis Towers Watson plc Chief Financial Officer Andrew Jay Krasner reported receiving a grant of 22.1873 restricted share units under a non-qualified excess plan. After this award, he holds a total of 746.3968 restricted share units that will settle into ordinary shares on a 1:1 basis under the plan’s distribution rules.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Krasner Andrew Jay
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit | 22.187 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Unit — 746.397 shares (Direct)
Footnotes (1)
- 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. Includes restricted share units credited to the participant's account by the Company pursuant to the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees (the "Plan") accrual formula, net of the units acquired pursuant to the participant's contribution under the Plan.
FAQ
What insider transaction did WTW CFO Andrew Jay Krasner report on this Form 4?
Andrew Jay Krasner reported an acquisition of 22.1873 restricted share units. These units were granted under Willis Towers Watson’s Non-Qualified Stable Value Excess Plan for U.S. Employees, reflecting part of his compensation rather than an open-market stock purchase or sale.
What type of security is involved in Andrew Jay Krasner’s WTW Form 4 filing?
The security is a Restricted Share Unit. These units are credited under Willis Towers Watson’s Non-Qualified Stable Value Excess Plan for U.S. Employees and ultimately settle in the company’s ordinary shares on a one-for-one basis when distribution conditions are met.
Does the WTW Form 4 indicate an insider buy or sell in the open market?
The filing indicates an acquisition through a grant or award, not an open-market trade. The transaction code is “A” for a grant or other acquisition of restricted share units under the company’s non-qualified excess plan, rather than a typical market buy or sell.