Willis Towers Watson (WTW) executive granted 41.075 dividend-equivalent share rights

Rhea-AI Filing Summary

Willis Towers Watson plc reports that Lucy Clarke, President of Risk & Broking, acquired 41.075 dividend equivalent rights linked to ordinary shares on July 15, 2026. These rights accrued on previously reported restricted share unit awards and vest on the same schedule. Each right is the economic equivalent of one WTW ordinary share, bringing her direct holdings to 22,758.528 ordinary shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Clarke Lucy

Role President of Risk & Broking

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares, nominal value $0.000304635 per share	41.075	$0.00	--

Holdings After Transaction: Ordinary Shares, nominal value $0.000304635 per share — 22,758.528 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Dividend equivalent rights granted: 41.075 shares Total direct holdings after transaction: 22,758.528 shares Nominal value per ordinary share: $0.000304635 per share +1 more

4 metrics

Dividend equivalent rights granted 41.075 shares Grant/award acquisition on July 15, 2026

Total direct holdings after transaction 22,758.528 shares Ordinary shares held directly by Lucy Clarke following the award

Nominal value per ordinary share $0.000304635 per share Stated nominal value of Willis Towers Watson ordinary shares

Transaction price per share $0.0000 Price per share for the 41.075 dividend equivalent rights granted

Key Terms

dividend equivalent rights, restricted share unit awards, WTW Ordinary Share

3 terms

dividend equivalent rights financial

"The dividend equivalent rights accrued on the reporting person's previously reported restricted share unit 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.

restricted share unit awards financial

"accrued on the reporting person's previously reported restricted share unit awards and will vest"

WTW Ordinary Share financial

"Each dividend equivalent right is the economic equivalent of one WTW Ordinary Share"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/17/2026 - 03:03 PM Accepted by SEC EDGAR 07/17/2026 - 03:02 PM Learn about SEC filing dates

FAQ

What transaction did Lucy Clarke report in the latest Form 4 for WTW?

Lucy Clarke reported acquiring 41.075 dividend equivalent rights tied to Willis Towers Watson ordinary shares on July 15, 2026. These rights accrued on previously reported restricted share unit awards and will vest on the same schedule as the underlying awards.

How many Willis Towers Watson (WTW) shares does Lucy Clarke hold after this transaction?

After the reported acquisition, Lucy Clarke directly holds 22,758.528 ordinary shares of Willis Towers Watson. This total reflects the addition of 41.075 dividend equivalent rights, each economically equivalent to one WTW ordinary share.

What are the 41.075 dividend equivalent rights reported for WTW in this Form 4?

The 41.075 dividend equivalent rights represent amounts accrued on Lucy Clarke’s previously reported restricted share unit awards. Each right is economically equivalent to one Willis Towers Watson ordinary share and will vest on the same schedule as the underlying restricted share units.

Does the 41.075-share acquisition by Lucy Clarke involve a purchase of WTW stock on the market?

No, the 41.075-share acquisition reflects a grant of dividend equivalent rights, not an open-market purchase. These rights accrued on earlier restricted share unit awards and carry a price per share of 0.0000 according to the reported data.

When did the reported dividend equivalent rights transaction occur for WTW?

The acquisition of 41.075 dividend equivalent rights for Willis Towers Watson ordinary shares occurred on July 15, 2026. These rights are tied to previously reported restricted share unit awards and follow the same vesting timetable as those underlying awards.

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^*

Clarke Lucy

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President of Risk & Broking

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

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	07/15/2026		A		41.075(1)	A	$0	22,758.528	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

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.

	/s/ Lucy Clarke by Gary Pang, Attorney-in-Fact (power of attorney previously filed)	07/17/2026
	** 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)