Willis Towers Watson CHRO granted RSUs

Banas Kristy D reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Banas Kristy D reported acquisition or exercise transactions in this Form 4 filing.

Willis Towers Watson PLC Chief Human Resources Officer Kristy D. Banas received a grant of 108.4498 restricted share units, each tied to an underlying ordinary share at a reference price of $280.14. Following this award, her deferred restricted share unit balance is 1,286.6325 units held directly.

The units settle into ordinary shares on a 1:1 basis six months after her termination date and are held under the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees, reflecting both her own deferral elections and the company’s matching contributions.

Insider Trade Summary

Grant/Award: 108.4498 shares

Grant/Award 1 txn

Insider Banas Kristy D

Role Chief Human Resources Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Unit	108.4498	$280.14	$30K

Holdings After Transaction: Restricted Share Unit — 1,286.6325 contracts (Direct)

Footnotes (2)

1. F1. 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.
2. F2. Includes restricted share units 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.

Key Figures

RSU grant size: 108.4498 units Reference price per unit: $280.14 per share Total RSUs after transaction: 1,286.6325 units +3 more

6 metrics

RSU grant size 108.4498 units Restricted share units awarded on 2026-04-10

Reference price per unit $280.14 per share Price associated with the RSU award

Total RSUs after transaction 1,286.6325 units Direct restricted share unit holdings following the grant

Conversion ratio 1 RSU : 1 ordinary share Settlement into ordinary shares upon distribution

Settlement timing 6 months after termination RSUs settle into ordinary shares six months post-termination

Exercise price $0.00 Conversion or exercise price for the restricted share units

Key Terms

Restricted Share Unit, Ordinary Shares, Non-Qualified Deferred Savings Plan, matching contribution

4 terms

Restricted Share Unit financial

"security_title: "Restricted Share Unit" and underlying security title text"

A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.

Ordinary Shares financial

"underlying security title: "Ordinary Shares, nominal value $0.000304635 per share""

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

Non-Qualified Deferred Savings Plan financial

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

matching contribution financial

"the Company's matching contribution on the participant's deferral election credited to the participant's account"

An employer’s matching contribution is when a company adds money to an employee’s retirement or savings account based on the employee’s own contributions, like a store offering to top up a customer’s purchase to reach a discount threshold. It matters to investors because matching increases a firm’s compensation costs and can improve staff retention and morale, which affect productivity, cash flow and long-term liabilities that influence a company’s financial outlook.

FAQ

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

What did Willis Towers Watson (WTW) disclose about Kristy D. Banas in this Form 4?

Kristy D. Banas, Chief Human Resources Officer of Willis Towers Watson, received 108.4498 restricted share units. These units are a compensation-related grant, not an open-market purchase or sale, and increase her deferred equity-based holdings in the company.

How many restricted share units did WTW’s CHRO acquire in this transaction?

Kristy D. Banas acquired 108.4498 restricted share units. Each unit represents a right to receive one Willis Towers Watson ordinary share, reflecting a compensation award rather than a market transaction in the company’s stock.

What is the reference price for the new restricted share units reported by WTW?

The restricted share units granted to Kristy D. Banas use a reference price of $280.14 per unit. This figure typically reflects the underlying share value used for accounting and plan purposes, not cash paid by the executive.

What is Kristy D. Banas’s total restricted share unit balance after this WTW grant?

After the reported award, Kristy D. Banas holds 1,286.6325 restricted share units directly. This total includes the new 108.4498-unit grant and prior units accumulated under the company’s non-qualified deferred savings plan for U.S. employees.

When do Kristy D. Banas’s restricted share units at Willis Towers Watson settle into shares?

The restricted share units are scheduled to settle into ordinary shares on a 1:1 basis six months after Kristy D. Banas’s termination date. Settlement timing is therefore tied to the end of her employment with Willis Towers Watson.

How are the WTW restricted share units related to the Non-Qualified Deferred Savings Plan?

The restricted share units are credited under Willis Towers Watson’s Non-Qualified Deferred Savings Plan for U.S. Employees. They reflect Kristy D. Banas’s deferral elections and the company’s matching contributions, all recorded as restricted share units within the plan.

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

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Accepted by SEC EDGAR 04/14/2026 - 04:01 PM Learn about SEC filing dates

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^*

Banas Kristy D

(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)
	Chief Human Resources Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

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

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)	04/10/2026		A		108.4498(2)		(1)	(1)	Ordinary Shares, nominal value $0.000304635 per share	108.4498	$280.14	1,286.6325	D

Explanation of Responses:

1. 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.

2. Includes restricted share units 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.

	/s/ Kristy D. Banas by Gary Pang, Attorney-in-Fact (power of attorney previously filed)	04/14/2026
	** 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)