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  4. [Form 4] WILLIS TOWERS WATSON PLC Insider Trading Activity

Willis Towers Watson (NASDAQ: WTW) grants RSUs and shares to executive

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

Rhea-AI Filing Summary

Willis Towers Watson executive Anne Pullum, Co-Head of Corporate Development, reported routine equity-based compensation awards rather than market trades.

She received 7.9998 restricted share units and 3.0162 restricted share units tied to dividend equivalent rights under company non-qualified savings plans, each economically matching one ordinary share. She also acquired 6.3910 ordinary shares through dividends under a non-qualified excess plan. Following these awards, she holds 21,442.1943 ordinary shares directly, along with separate restricted share unit balances that settle into ordinary shares on a 1:1 basis according to the plan terms.

Positive

  • None.

Negative

  • None.
Insider Pullum Anne
Role Co-Head of Corporate Dev.
Type Security Shares Price Value
Grant/Award Restricted Share Unit 8 $0.00 --
Grant/Award Restricted Share Unit 3.016 $0.00 --
Grant/Award Ordinary Shares, nominal value $0.000304635 per share 6.391 $0.00 --
Holdings After Transaction: Restricted Share Unit — 2,568.484 shares (Direct); Ordinary Shares, nominal value $0.000304635 per share — 21,442.194 shares (Direct)
Footnotes (1)
  1. The dividend equivalent rights accrued on the reporting person's restricted share unit award and vest based on the same vesting schedule applicable to the underlying restricted share unit award. Each dividend equivalent right is the economic equivalent of one WTW Ordinary Share. 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. Represents dividends 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. Vested shares under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis on the first business day of the month on which the NASDAQ Stock Market is open for business following the earlier of (i) the date that is 6 months after the reporting person's separation from service and (ii) the date that is 30 days after the reporting person's death. Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees (the "Excess Plan"), including the participant's deferral election under the Excess 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 Excess Plan.
Restricted share units granted 7.9998 units Dividend equivalent rights on RSU award as of April 15, 2026
Additional RSUs credited 3.0162 units Dividend credits under non-qualified savings plan as of April 15, 2026
Ordinary shares acquired via dividends 6.3910 shares Dividends under non-qualified excess plan as of April 15, 2026
Ordinary shares held after transaction 21,442.1943 shares Direct ownership following April 15, 2026 award
RSU balance after transaction (award 1) 2,568.4843 units Restricted share units following April 15, 2026 transaction
RSU balance after transaction (award 2) 920.9199 units Restricted share units under non-qualified plan as of April 15, 2026
Restricted Share Unit financial
"The dividend equivalent rights accrued on the reporting person's restricted share unit award"
A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.
dividend equivalent rights financial
"The dividend equivalent rights accrued on the reporting person's restricted share unit award"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
Non-Qualified Deferred Savings Plan financial
"pursuant to the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees"
Non-Qualified Stable Value Excess Plan financial
"Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees"
separation from service financial
"following the earlier of (i) the date that is 6 months after the reporting person's separation from service"
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*
Pullum Anne
(Last)(First)(Middle)
C/O WILLIS GROUP LIMITED
51 LIME STREET
(Street)
LONDONEC3M 7DQ
(City)(State)(Zip)
UNITED KINGDOM
(Country)		2. Issuer Name and Ticker or Trading Symbol
WILLIS TOWERS WATSON PLC [ WTW ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Co-Head of Corporate Dev.
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026		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
Ordinary Shares, nominal value $0.000304635 per share04/15/2026A6.391(1)A$021,442.1943D
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 Share Unit(2)04/15/2026A7.9998(3) (2) (2)Ordinary Shares, nominal value $0.000304635 per share7.9998$02,568.4843D
Restricted Share Unit(4)04/15/2026A3.0162(5) (4) (4)Ordinary Shares, nominal value $0.000304635 per share3.0162$0920.9199D
Explanation of Responses:
1. The dividend equivalent rights accrued on the reporting person's restricted share unit award and vest based on the same vesting schedule applicable to the underlying restricted share unit award. Each dividend equivalent right is the economic equivalent of one WTW Ordinary Share.
2. 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.
3. Represents dividends 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.
4. Vested shares under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees settle for Ordinary Shares, nominal value $0.000304635 per share, on a 1:1 basis on the first business day of the month on which the NASDAQ Stock Market is open for business following the earlier of (i) the date that is 6 months after the reporting person's separation from service and (ii) the date that is 30 days after the reporting person's death.
5. Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees (the "Excess Plan"), including the participant's deferral election under the Excess 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 Excess Plan.
/s/ Anne Pullum by Gary Pang, Attorney-in-Fact (power of attorney previously filed)04/17/2026
** 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 insider transactions did WTW executive Anne Pullum report?

Anne Pullum reported equity-based compensation awards, not open-market trades. She received restricted share units and ordinary shares linked to dividend equivalents under Willis Towers Watson non-qualified savings and excess plans, which will settle into ordinary shares on a 1:1 basis under plan terms.

How many restricted share units did Anne Pullum receive at Willis Towers Watson (WTW)?

She received 7.9998 restricted share units and 3.0162 restricted share units on the transaction date. These units reflect dividend equivalent rights and plan credits that mirror ordinary shares in value and will convert into Willis Towers Watson ordinary shares according to the applicable plan settlement schedules.

Did Anne Pullum buy or sell WTW shares on the open market?

No open-market purchases or sales were reported. All transactions used code "A" for grant or award acquisitions, representing restricted share units and dividend-related share credits under company compensation and savings plans, rather than discretionary market trading in Willis Towers Watson stock.

What are dividend equivalent rights in the WTW Form 4 for Anne Pullum?

Dividend equivalent rights credit additional restricted share units when Willis Towers Watson pays dividends. Each right is economically equal to one ordinary share and vests on the same schedule as the underlying restricted share unit award, increasing the executive’s share-based compensation without separate cash dividend payments.

How many WTW ordinary shares does Anne Pullum hold after these transactions?

After the reported award of 6.3910 ordinary shares, Anne Pullum directly holds 21,442.1943 ordinary shares. This figure excludes her separate restricted share unit balances, which will settle into additional ordinary shares on a 1:1 basis under the company’s non-qualified plans.

When will Anne Pullum’s WTW restricted share units settle into ordinary shares?

Restricted share units referenced in the filing settle into Willis Towers Watson ordinary shares on a 1:1 basis. For certain awards, settlement occurs six months after termination or separation from service, or on specified business days following separation or death, as outlined in the applicable non-qualified plans.