WTW HR chief awarded 4,644 performance shares

Willis Towers Watson plc executive Kristy D. Banas received an equity award tied to company performance.

Rhea-AI Filing Summary

Willis Towers Watson plc executive Kristy D. Banas received an equity award tied to company performance. She acquired 4,644 ordinary shares through performance-based restricted share units that were earned after meeting pre-set performance goals for a period ending on December 31, 2025. Each earned unit converts into one ordinary share if she satisfies a service-based vesting requirement on April 1, 2026, and the total also includes additional units credited as dividend equivalents. After this grant, her direct holdings increased to 13,158.9832 ordinary shares.

Insider Trade Summary

Grant/Award: 4,644 shares

Grant/Award 1 txn

Insider Banas Kristy D

Role Chief Human Resources Officer

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares, nominal value $0.000304635 per share	4,644	$0.00	$0.00

Holdings After Transaction: Ordinary Shares, nominal value $0.000304635 per share — 13,158.9832 shares (Direct)

Footnotes (1)

1. F1. Represents the number of performance-based restricted share units earned upon the certification of the achievement of certain pre-established performance goals for the performance period that ended on December 31, 2025. Each earned unit represents the right to receive one ordinary share of the Issuer upon the satisfaction of the service-based vesting requirement on April 1, 2026, subject to the terms of the award agreement. This number also includes the number of ordinary shares of the Issuer that are issuable pursuant to the dividend equivalent right under the terms of the award agreement providing for the accrual of dividends in the form of additional restricted share units that vest and are payable at the same time as the underlying performance-based restricted share units.

FAQ

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

What insider transaction did Willis Towers Watson (WTW) report for Kristy D. Banas?

Willis Towers Watson reported that Kristy D. Banas acquired 4,644 ordinary shares via a performance-based equity award. These shares were earned after pre-set performance goals were certified and will settle into ordinary shares once service-based vesting conditions are satisfied on April 1, 2026.

How many Willis Towers Watson (WTW) shares does Kristy D. Banas hold after this Form 4 transaction?

After this Form 4 transaction, Kristy D. Banas holds 13,158.9832 Willis Towers Watson ordinary shares directly. This total reflects the newly earned performance-based restricted share units plus previously held shares, according to the reported post-transaction ownership figure in the filing.

What kind of equity award did Kristy D. Banas receive from Willis Towers Watson (WTW)?

Kristy D. Banas received a grant of performance-based restricted share units that can convert into ordinary shares. The units were earned based on achieving pre-established performance goals and also include additional units credited as dividend equivalents that vest alongside the underlying performance-based units.

When do Kristy D. Banas’s Willis Towers Watson (WTW) performance-based units vest?

The earned performance-based restricted share units for Kristy D. Banas vest upon satisfying a service requirement on April 1, 2026. Once this vesting date is reached, each unit entitles her to receive one Willis Towers Watson ordinary share, assuming the award’s terms are met.

What performance period applied to Kristy D. Banas’s Willis Towers Watson (WTW) share units?

The performance-based restricted share units for Kristy D. Banas were earned over a performance period ending December 31, 2025. After certification that pre-established performance goals were achieved for this period, the resulting units became eligible to vest, subject to additional service-based conditions.

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

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Accepted by SEC EDGAR 02/27/2026 - 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 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)
02/25/2026

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
Ordinary Shares, nominal value $0.000304635 per share	02/25/2026		A		4,644(1)	A	$0	13,158.9832	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. Represents the number of performance-based restricted share units earned upon the certification of the achievement of certain pre-established performance goals for the performance period that ended on December 31, 2025. Each earned unit represents the right to receive one ordinary share of the Issuer upon the satisfaction of the service-based vesting requirement on April 1, 2026, subject to the terms of the award agreement. This number also includes the number of ordinary shares of the Issuer that are issuable pursuant to the dividend equivalent right under the terms of the award agreement providing for the accrual of dividends in the form of additional restricted share units that vest and are payable at the same time as the underlying performance-based restricted share units.

	/s/ Kristy D. Banas by Gary Pang, Attorney-in-Fact (power of attorney previously filed)	02/27/2026
	** 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.