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5,769-share award boosts Willis Towers Watson (WTW) GC stake

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Willis Towers Watson PLC reported that its General Counsel, Matthew Furman, acquired 5,769 ordinary shares through a performance-based restricted share unit award. The units were earned based on pre-established performance goals for a period ending on December 31, 2025.

Each earned unit represents the right to receive one ordinary share, subject to a service-based vesting requirement on April 1, 2026. The award also reflects additional units from dividend equivalents. After this grant, Furman directly holds a total of 41,185.0596 ordinary shares.

Positive

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Negative

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Insider Furman Matthew
Role General Counsel
Type Security Shares Price Value
Grant/Award Ordinary Shares, nominal value $0.000304635 per share 5,769 $0.00 --
Holdings After Transaction: Ordinary Shares, nominal value $0.000304635 per share — 41,185.06 shares (Direct)
Footnotes (1)
  1. [object Object]
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 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)
General Counsel
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 5,769(1) A $0 41,185.0596 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/ Matthew Furman 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.

FAQ

What insider transaction did Willis Towers Watson (WTW) report for Matthew Furman?

Willis Towers Watson reported that General Counsel Matthew Furman acquired 5,769 performance-based restricted share units. Each unit represents the right to receive one ordinary share, earned after meeting pre-set performance goals for a period ending December 31, 2025, subject to future vesting.

How many shares are included in Matthew Furman’s latest award at Willis Towers Watson (WTW)?

The latest award to Matthew Furman includes 5,769 performance-based restricted share units. Each unit corresponds to one ordinary share, including additional units from dividend equivalent rights that accrue as extra restricted share units vesting with the main performance-based grant.

When do Matthew Furman’s newly earned Willis Towers Watson (WTW) share units vest?

Matthew Furman’s newly earned performance-based restricted share units are subject to service-based vesting on April 1, 2026. He receives one ordinary share for each unit at vesting, provided the service requirement is satisfied under the terms of the applicable award agreement.

What performance period determined Matthew Furman’s restricted share units at Willis Towers Watson (WTW)?

The number of performance-based restricted share units for Matthew Furman was determined by performance over a period ending December 31, 2025. The units were earned upon certification that specified pre-established performance goals for that performance period had been achieved under the award terms.

How many Willis Towers Watson (WTW) shares does Matthew Furman own after this Form 4 transaction?

After this Form 4 transaction, Matthew Furman directly holds 41,185.0596 ordinary shares of Willis Towers Watson. This total reflects the impact of the 5,769 earned performance-based restricted share units reported, assuming they are ultimately settled as ordinary shares at vesting.

Do Matthew Furman’s Willis Towers Watson (WTW) awards include dividend equivalents?

Yes. The reported award includes ordinary shares issuable under a dividend equivalent right. Dividends accrue in the form of additional restricted share units, and those additional units vest and are payable at the same time as the underlying performance-based restricted share units.
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