How many Willis Towers Watson restricted share units did Furman receive in this Form 4?

He received 11.0517 and 8.5039 restricted share units tied to dividend equivalents and company matching. These units arise under non-qualified deferred compensation arrangements and will ultimately settle into Willis Towers Watson ordinary shares on a 1:1 basis, subject to the plans’ timing rules.

What plans generated the new WTW restricted share units and shares for Matthew Furman?

The awards stem from the Willis Towers Watson Non-Qualified Deferred Savings Plan and the Non-Qualified Stable Value Excess Plan. Under these plans, participant deferrals, company matching contributions, and dividend equivalents are credited in the form of restricted share units or vested shares.

When do Matthew Furman’s Willis Towers Watson restricted share units settle into ordinary shares?

Restricted share units under one plan settle for Willis Towers Watson ordinary shares six months after Furman’s termination date. Vested shares under the stable value excess plan settle on the first eligible business day after specific separation-from-service or death-related timing triggers.

Willis Towers Watson GC receives share units

Willis Towers Watson General Counsel Matthew Furman reported routine equity compensation activity.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Willis Towers Watson General Counsel Matthew Furman reported routine equity compensation activity. On April 15, 2026, he acquired 11.0517 and 8.5039 restricted share units through dividend equivalents and company matching under non-qualified employee plans, plus 5.929 ordinary shares credited as dividends. After these awards, he directly holds 3,618.8162 restricted share units in one plan, 2,596.4647 in another, and 34,732.4631 ordinary shares, with restricted share units settling into ordinary shares on a 1:1 basis under the plan terms.

Insider Trade Summary

Grant/Award: 25.4846 shares

Grant/Award 3 txns

Insider Furman Matthew

Role General Counsel

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Unit	11.0517	$0.00	$0.00
Grant/Award	Restricted Share Unit	8.5039	$0.00	$0.00
Grant/Award	Ordinary Shares, nominal value $0.000304635 per share	5.929	$0.00	$0.00

Holdings After Transaction: Restricted Share Unit — 6,215.2809 contracts (Direct); Ordinary Shares, nominal value $0.000304635 per share — 34,732.4631 shares (Direct)

Footnotes (5)

F1. The dividend equivalent rights accrued on the reporting person's restricted share unit award and vest based on the same vesting schedule applicable to the underlying restricted share unit award. Each dividend equivalent right is the economic equivalent of one WTW Ordinary Share.
F2. Restricted share units settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis 6 months after the reporting person's termination date.
F3. Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees (the "Plan"), including the participant's deferral election under the Plan and the Company's matching contribution on the participant's deferral election credited to the participant's account in the form of restricted share units under the Plan.
F4. 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.
F5. Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees (the "Excess Plan"), including the participant's deferral election under the Excess Plan and the Company's matching contribution on the participant's deferral election credited to the participant's account in the form of restricted share units under the Excess Plan.

Key Figures

RSUs acquired (Plan 1): 11.0517 restricted share units RSUs acquired (Plan 2): 8.5039 restricted share units Ordinary shares acquired: 5.9290 ordinary shares +3 more

6 metrics

RSUs acquired (Plan 1) 11.0517 restricted share units Grant/award acquisition on April 15, 2026

RSUs acquired (Plan 2) 8.5039 restricted share units Grant/award acquisition on April 15, 2026

Ordinary shares acquired 5.9290 ordinary shares Dividend-related award on April 15, 2026

RSU holdings (Plan 1) after transaction 3,618.8162 restricted share units Direct holdings following April 15, 2026 awards

RSU holdings (Plan 2) after transaction 2,596.4647 restricted share units Direct holdings following April 15, 2026 awards

Ordinary share holdings after transaction 34,732.4631 ordinary shares Direct holdings after 5.929 new shares credited

Key Terms

Restricted Share Unit, dividend equivalent rights, Non-Qualified Deferred Savings Plan, Non-Qualified Stable Value Excess Plan, +1 more

5 terms

dividend equivalent rights financial

"The dividend equivalent rights accrued on the reporting person's restricted share unit award"

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.

Non-Qualified Deferred Savings Plan financial

"Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees"

Non-Qualified Stable Value Excess Plan financial

"Vested shares under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees settle for Ordinary Shares"

dividends acquired financial

"Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did Matthew Furman report for WTW on April 15, 2026?

Matthew Furman reported acquiring restricted share units and ordinary shares as equity compensation. The awards reflect dividend equivalents and company matching contributions under Willis Towers Watson’s non-qualified employee plans, rather than open-market stock purchases or sales.

How many Willis Towers Watson ordinary shares does Matthew Furman hold after these transactions?

After these transactions, Furman directly holds 34,732.4631 Willis Towers Watson ordinary shares. This figure reflects his position following the 5.929 new shares credited as dividends under the company’s non-qualified stable value excess plan for U.S. employees.

Does this WTW Form 4 show any open-market buying or selling by Matthew Furman?

The Form 4 only reports grant or award acquisitions coded as “A,” not open-market trades. All entries reflect equity compensation through restricted share units and dividend-related credits, rather than discretionary buying or selling of Willis Towers Watson shares in the market.

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

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Accepted by SEC EDGAR 04/17/2026 - 04:33 PM

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^*

Furman Matthew

(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)
	General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares, nominal value $0.000304635 per share	04/15/2026		A		5.929⁽¹⁾	A	$0	34,732.4631	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Share Unit	⁽²⁾	04/15/2026		A		11.0517⁽³⁾		⁽²⁾	⁽²⁾	Ordinary Shares, nominal value $0.000304635 per share	11.0517	$0	3,618.8162	D
Restricted Share Unit	⁽⁴⁾	04/15/2026		A		8.5039⁽⁵⁾		⁽⁴⁾	⁽⁴⁾	Ordinary Shares, nominal value $0.000304635 per share	8.5039	$0	2,596.4647	D

Explanation of Responses:

1. The dividend equivalent rights accrued on the reporting person's restricted share unit award and vest based on the same vesting schedule applicable to the underlying restricted share unit award. Each dividend equivalent right is the economic equivalent of one WTW Ordinary Share.

2. Restricted share units settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis 6 months after the reporting person's termination date.

3. Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees (the "Plan"), including the participant's deferral election under the Plan and the Company's matching contribution on the participant's deferral election credited to the participant's account in the form of restricted share units under the Plan.

4. 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.

5. Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees (the "Excess Plan"), including the participant's deferral election under the Excess Plan and the Company's matching contribution on the participant's deferral election credited to the participant's account in the form of restricted share units under the Excess Plan.

	/s/ Matthew Furman by Gary Pang, Attorney-in-Fact (power of attorney previously filed)	04/17/2026
	** 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)

Source: View Original Filing on SEC EDGAR