Willis Towers Watson (WTW) awards Restricted Share Units to HR chief

Rhea-AI Filing Summary

Willis Towers Watson PLC reported that Chief Human Resources Officer Kristy D. Banas acquired 17.8862 Restricted Share Units on March 3, 2026 as a grant or award. After this transaction, she held a total of 552.5164 Restricted Share Units directly.

According to the plan terms, vested shares under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees settle into Ordinary Shares with nominal value $0.000304635 per share on a 1:1 basis, following specified separation-from-service or death-related timelines.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Banas Kristy D

Role Chief Human Resources Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Unit	17.886	$0.00	--

Holdings After Transaction: Restricted Share Unit — 552.516 shares (Direct)

Footnotes (1)

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.

Form 4 Insider Transactions: What Each Field Means →

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 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Human Resources 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		17.8862(2)		(1)	(1)	Ordinary Shares, nominal value $0.000304635 per share	17.8862	$0	552.5164	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/ Kristy D. Banas 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.
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.

FAQ

What insider transaction did WTW report for Kristy D. Banas?

Kristy D. Banas received a grant of 17.8862 Restricted Share Units on March 3, 2026. The award is reported as a grant or other acquisition and is held directly, reflecting equity-based compensation rather than an open-market share purchase or sale.

How many Willis Towers Watson Restricted Share Units does Kristy D. Banas hold after this grant?

After the March 3, 2026 grant, Kristy D. Banas held a total of 552.5164 Restricted Share Units. This figure represents her direct beneficial ownership in these units as reported, including the newly granted 17.8862 units from this transaction.

What are the settlement terms for WTW Restricted Share Units under the U.S. Excess Plan?

Vested units under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees settle into Ordinary Shares on a 1:1 basis. Settlement occurs on the first eligible business day after specified separation-from-service or death-related timing conditions described in the plan footnote.

What is the nominal value of Willis Towers Watson Ordinary Shares received from these Restricted Share Units?

Ordinary Shares delivered upon settlement of vested units have a nominal value of $0.000304635 per share. Each vested Restricted Share Unit under the referenced plan converts into one Ordinary Share with this stated nominal value, according to the disclosed plan terms.

How are additional WTW Restricted Share Units credited under the Non-Qualified Stable Value Excess Plan?

The total includes Restricted Share Units credited to the participant’s account under the plan’s accrual formula. These amounts are shown net of units acquired through the participant’s contributions, as described in the footnote explaining how balances accumulate under the plan.