WTW (WTW) CEO Carl Hess acquires 101.98 restricted share units under company plan

Rhea-AI Filing Summary

WILLIS TOWERS WATSON PLC Chief Executive Officer Carl Aaron Hess reported an acquisition of 101.9769 restricted share units on March 3, 2026. These units are credited under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees.

After this grant, Hess held a total of 8,393.0225 restricted share units directly. According to the plan, vested units settle into Ordinary Shares with a nominal value of $0.000304635 per share on a 1:1 basis, generally after separation from service or death, subject to the timing rules described.

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

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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^*

Hess Carl Aaron

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

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

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	(1)	03/03/2026		A		101.9769(2)		(1)	(1)	Ordinary Shares, nominal value $0.000304635 per share	101.9769	$0	8,393.0225	D

Explanation of Responses:

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.

2. 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.

	/s/ Carl A. Hess by Lina Vanessa Jaramillo, Attorney-in-Fact (power of attorney previously filed)	03/05/2026
	** 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.
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FAQ

What insider transaction did WTW CEO Carl Aaron Hess report on this Form 4?

Carl Aaron Hess reported acquiring 101.9769 restricted share units of Willis Towers Watson PLC on March 3, 2026. These units were credited under the company’s Non-Qualified Stable Value Excess Plan for U.S. Employees as a grant or award acquisition.

How many restricted share units does WTW CEO Carl Aaron Hess hold after this transaction?

After the March 3, 2026 acquisition, Carl Aaron Hess held 8,393.0225 restricted share units directly. This total reflects units credited under the Willis Towers Watson Non-Qualified Stable Value Excess Plan, net of units acquired through the participant’s contributions under the plan.

How do the WTW restricted share units held by Carl Aaron Hess settle into Ordinary Shares?

The restricted share units settle into Ordinary Shares of Willis Towers Watson PLC on a 1:1 basis. Vested shares under the Non-Qualified Stable Value Excess Plan convert into Ordinary Shares with a nominal value of $0.000304635 per share when settlement conditions are met.

When are Carl Aaron Hess’s WTW restricted share units scheduled to settle into Ordinary Shares?

Vested restricted share units settle on the first business day of the month when NASDAQ is open, following the earlier of six months after separation from service or thirty days after death, according to the plan’s described timing rules for settlement of units.

What plan governs the restricted share units reported by WTW CEO Carl Aaron Hess?

The restricted share units are governed by the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees. Units are credited under the plan’s accrual formula, net of units acquired through the participant’s contributions as described in the filing’s footnotes.

What is the transaction code and direction for Carl Aaron Hess’s WTW Form 4 filing?

The transaction is coded “A”, described as a grant, award, or other acquisition, with a direction of acquire. It reflects the award of restricted share units rather than an open-market purchase or sale of Willis Towers Watson PLC shares.