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5,766 RSUs granted to Marsh & McLennan (NYSE: MMC) CEO

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

Rhea-AI Filing Summary

Marsh & McLennan Companies reported that Nicholas Mark Studer, President and CEO of Marsh Risk, received a grant of 5,766 restricted stock units on common stock as equity compensation. The units were granted at no cash cost and convert into common stock on a 1-for-1 basis.

These restricted stock units are scheduled to vest on April 15, 2029. Following this grant, Studer holds 5,766 restricted stock units directly under this award, reflecting a routine long-term incentive grant rather than an open-market share purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Studer Nicholas Mark
Role President and CEO Marsh Risk
Type Security Shares Price Value
Grant/Award Restricted Stock Units 5,766 $0.00 --
Holdings After Transaction: Restricted Stock Units — 5,766 shares (Direct)
Footnotes (1)
  1. The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis. These restricted stock units vest on April 15, 2029. Not applicable.
RSUs granted 5,766 units Restricted stock units granted on April 1, 2026
Grant price $0.0000 per unit Equity compensation, no cash paid by executive
Underlying shares 5,766 shares Common stock deliverable on a 1-for-1 basis
Vesting date April 15, 2029 RSUs vest on this future date
Restricted Stock Units financial
"The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
1-for-1 basis financial
"The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis."
vest financial
"These restricted stock units vest on April 15, 2029."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Studer Nicholas Mark
(Last)(First)(Middle)
1166 AVENUE OF THE AMERICAS
(Street)
NEW YORK NEW YORK 10036
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
MARSH & MCLENNAN COMPANIES, INC. [ MRSH ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
President and CEO Marsh Risk
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)04/01/2026A(2)5,766 (3) (3)Common Stock5,766$05,766D
Explanation of Responses:
1. The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis.
2. These restricted stock units vest on April 15, 2029.
3. Not applicable.
/s/ Tessa Patti, Attorney-in-fact04/03/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Marsh & McLennan (MMC) disclose about Nicholas Studer’s equity grant?

Marsh & McLennan disclosed that Nicholas Mark Studer, President and CEO of Marsh Risk, received 5,766 restricted stock units as equity compensation. These units convert into an equal number of common shares and represent a routine long-term incentive award rather than a market transaction.

How many restricted stock units did Nicholas Studer receive from Marsh & McLennan (MMC)?

Nicholas Studer received 5,766 restricted stock units linked to Marsh & McLennan common stock. Each unit represents the right to receive one share upon vesting, aligning a portion of his compensation with the company’s long-term share performance over several years.

When do Nicholas Studer’s Marsh & McLennan (MMC) restricted stock units vest?

The restricted stock units granted to Nicholas Studer are scheduled to vest on April 15, 2029. Vesting means he must remain eligible through that date to receive the underlying common shares, reinforcing long-term retention and alignment with shareholder interests.

What is the conversion ratio of Nicholas Studer’s RSUs at Marsh & McLennan (MMC)?

Each restricted stock unit converts into Marsh & McLennan common stock on a 1-for-1 basis. This means every one of the 5,766 RSUs corresponds to one share of common stock once vesting conditions on the award are satisfied in 2029.

Did Nicholas Studer buy or sell Marsh & McLennan (MMC) shares in this Form 4?

The Form 4 reports a grant of restricted stock units, not an open-market purchase or sale of shares. The award was given at no cash cost as compensation and will settle in common stock if vesting conditions are met over time.

How many Marsh & McLennan (MMC) RSUs does Nicholas Studer hold from this award?

Following this reported grant, Nicholas Studer holds 5,766 restricted stock units from this specific award directly. These units represent a future claim on an equal number of Marsh & McLennan common shares, subject to vesting on April 15, 2029.