[Form 4] Willis Towers Watson Public Limited Company Insider Trading Activity

Rhea-AI Filing Summary

Maplebear Inc. (CART) CEO & President Fidji Simo filed a Form 4 reporting the sale of 14,233 common shares on 14 Jul 2025 at a weighted-average price of $47.8569, generating roughly $0.68 million in gross proceeds. The trade was executed under a Rule 10b5-1 plan adopted 20 Nov 2024, signalling pre-planned diversification rather than reactive selling. Following the transaction, Simo still owns 2,032,005 shares, so her direct stake declined by only about 0.7%. No derivative securities were involved in the filing.

Given the modest size of the sale and continued large holding, the event is viewed as routine with limited impact on Maplebear’s insider-ownership profile.

Insights

Securities Analyst

TL;DR: Small, pre-planned CEO share sale; minimal ownership change; neutral market impact.

The 14,233-share disposal equals roughly 0.7% of Simo’s direct holdings and less than 0.03% of shares outstanding. Execution under a 10b5-1 plan adopted months earlier reduces concerns about adverse timing. Post-sale ownership of 2.0 million shares maintains strong alignment with shareholders. Given size and context, I assess the filing as immaterial to CART’s valuation and expect limited trading reaction.

Corporate Governance Expert

TL;DR: Governance-friendly disclosure; 10b5-1 plan mitigates insider-selling risk perception.

The company appropriately discloses a Rule 10b5-1 transaction, aligning with new SEC requirements for affirmative-defense eligibility. Continued substantial ownership (≈2 M shares) supports long-term incentive alignment. While any CEO sale can raise eyebrows, the structured plan and small percentage reduce negative optics. Overall governance impact is neutral-to-slightly-positive.

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
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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).

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)
07/11/2025

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)	07/11/2025		A		40.8572(2)		(1)	(1)	Ordinary Shares, nominal value $0.000304635 per share	40.8572	$307.32	1,093.7595	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 Lina Vanessa Jaramillo, Attorney-in-Fact (power of attorney previously filed)	07/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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