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Marsh & McLennan (NYSE: MMC) awards 8,945 RSUs to Marsh Risk CEO

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

Rhea-AI Filing Summary

MARSH & MCLENNAN COMPANIES, INC. reported that executive Nicholas Mark Studer, President and CEO of Marsh Risk, received a grant of 8,945 restricted stock units (RSUs) on Marsh & McLennan common stock as equity-based compensation.

The RSUs convert into common stock on a 1-for-1 basis and are scheduled to vest in three equal annual installments on May 15, 2027, 2028 and 2029. Following this award, Studer holds a total of 14,711 RSUs directly. This is a compensation-related grant, not 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 8,945 $0.00 --
Holdings After Transaction: Restricted Stock Units — 14,711 shares (Direct, null)
Footnotes (1)
  1. The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis. These restricted stock units vest in three equal annual installments on May 15, 2027, 2028 and 2029. Not applicable.
RSUs granted 8,945 units Grant of restricted stock units on May 1, 2026
RSUs after grant 14,711 units Total restricted stock units held following transaction
Vesting schedule start May 15, 2027 First of three equal annual RSU vesting dates
Vesting schedule end May 15, 2029 Final vesting date for the granted RSUs
RSU conversion ratio 1-for-1 Each RSU converts into one share of common stock
Grant price per RSU $0.00 Compensation grant with no purchase price
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.
vest financial
"These restricted stock units vest in three equal annual installments on May 15, 2027, 2028 and 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.
1-for-1 basis financial
"The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis."
Common Stock financial
"The security converts to Marsh & McLennan Companies common stock on a 1-for-1 basis."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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)
05/01/2026		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)05/01/2026A(2)8,945 (3) (3)Common Stock8,945$014,711D
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 in three equal annual installments on May 15, 2027, 2028 and 2029.
3. Not applicable.
/s/ Tessa Patti, Attorney-in-fact05/01/2026
** 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 recent equity grant?

Marsh & McLennan disclosed that Nicholas Mark Studer received 8,945 restricted stock units as compensation. These RSUs convert into common stock on a 1-for-1 basis and increase his total RSU holdings to 14,711, aligning his interests with long-term shareholder value.

How many Marsh & McLennan (MMC) RSUs were granted to Nicholas Studer?

Nicholas Studer was granted 8,945 restricted stock units in Marsh & McLennan common stock. This award is part of his equity compensation and brings his total RSU holdings to 14,711 units, as reported in the Form 4 insider filing with the SEC.

When do Nicholas Studer’s new Marsh & McLennan (MMC) RSUs vest?

The newly granted restricted stock units to Nicholas Studer vest in three equal annual installments. Vesting occurs on May 15, 2027, May 15, 2028, and May 15, 2029, creating a multi-year incentive structure tied to Marsh & McLennan’s long-term performance.

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

Each restricted stock unit granted to Nicholas Studer converts into one share of Marsh & McLennan common stock. The Form 4 explicitly states a 1-for-1 conversion basis, meaning 8,945 RSUs could ultimately become 8,945 common shares upon full vesting and settlement.

Is Nicholas Studer’s Marsh & McLennan (MMC) Form 4 transaction a stock purchase or sale?

Nicholas Studer’s Form 4 transaction reflects a grant of restricted stock units, not a market purchase or sale. The transaction code is “A” for a grant, and the price per unit is shown as $0.00, indicating a compensation award rather than an open-market trade.

What is Nicholas Studer’s total Marsh & McLennan (MMC) RSU holding after this grant?

After receiving 8,945 new restricted stock units, Nicholas Studer directly holds 14,711 RSUs in Marsh & McLennan. This total represents his outstanding equity-based awards reported in the Form 4 and will convert into common shares as the units vest over time.