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

Willis Towers Watson (WTW) GC granted new share units

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Willis Towers Watson General Counsel Matthew Furman reported routine equity compensation activity. On April 15, 2026, he acquired 11.0517 and 8.5039 restricted share units through dividend equivalents and company matching under non-qualified employee plans, plus 5.929 ordinary shares credited as dividends. After these awards, he directly holds 3,618.8162 restricted share units in one plan, 2,596.4647 in another, and 34,732.4631 ordinary shares, with restricted share units settling into ordinary shares on a 1:1 basis under the plan terms.

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Insider Furman Matthew
Role General Counsel
Type Security Shares Price Value
Grant/Award Restricted Share Unit 11.052 $0.00 --
Grant/Award Restricted Share Unit 8.504 $0.00 --
Grant/Award Ordinary Shares, nominal value $0.000304635 per share 5.929 $0.00 --
Holdings After Transaction: Restricted Share Unit — 3,618.816 shares (Direct); Ordinary Shares, nominal value $0.000304635 per share — 34,732.463 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.
RSUs acquired (Plan 1) 11.0517 restricted share units Grant/award acquisition on April 15, 2026
RSUs acquired (Plan 2) 8.5039 restricted share units Grant/award acquisition on April 15, 2026
Ordinary shares acquired 5.9290 ordinary shares Dividend-related award on April 15, 2026
RSU holdings (Plan 1) after transaction 3,618.8162 restricted share units Direct holdings following April 15, 2026 awards
RSU holdings (Plan 2) after transaction 2,596.4647 restricted share units Direct holdings following April 15, 2026 awards
Ordinary share holdings after transaction 34,732.4631 ordinary shares Direct holdings after 5.929 new shares credited
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
"Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees"
Non-Qualified Stable Value Excess Plan financial
"Vested shares under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees settle for Ordinary Shares"
dividends acquired financial
"Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees"
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*
Furman Matthew
(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)
General Counsel
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 share04/15/2026A5.929(1)A$034,732.4631D
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)04/15/2026A11.0517(3) (2) (2)Ordinary Shares, nominal value $0.000304635 per share11.0517$03,618.8162D
Restricted Share Unit(4)04/15/2026A8.5039(5) (4) (4)Ordinary Shares, nominal value $0.000304635 per share8.5039$02,596.4647D
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/ Matthew Furman 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 activity did Matthew Furman report for WTW on April 15, 2026?

Matthew Furman reported acquiring restricted share units and ordinary shares as equity compensation. The awards reflect dividend equivalents and company matching contributions under Willis Towers Watson’s non-qualified employee plans, rather than open-market stock purchases or sales.

How many Willis Towers Watson restricted share units did Furman receive in this Form 4?

He received 11.0517 and 8.5039 restricted share units tied to dividend equivalents and company matching. These units arise under non-qualified deferred compensation arrangements and will ultimately settle into Willis Towers Watson ordinary shares on a 1:1 basis, subject to the plans’ timing rules.

How many Willis Towers Watson ordinary shares does Matthew Furman hold after these transactions?

After these transactions, Furman directly holds 34,732.4631 Willis Towers Watson ordinary shares. This figure reflects his position following the 5.929 new shares credited as dividends under the company’s non-qualified stable value excess plan for U.S. employees.

What plans generated the new WTW restricted share units and shares for Matthew Furman?

The awards stem from the Willis Towers Watson Non-Qualified Deferred Savings Plan and the Non-Qualified Stable Value Excess Plan. Under these plans, participant deferrals, company matching contributions, and dividend equivalents are credited in the form of restricted share units or vested shares.

When do Matthew Furman’s Willis Towers Watson restricted share units settle into ordinary shares?

Restricted share units under one plan settle for Willis Towers Watson ordinary shares six months after Furman’s termination date. Vested shares under the stable value excess plan settle on the first eligible business day after specific separation-from-service or death-related timing triggers.

Does this WTW Form 4 show any open-market buying or selling by Matthew Furman?

The Form 4 only reports grant or award acquisitions coded as “A,” not open-market trades. All entries reflect equity compensation through restricted share units and dividend-related credits, rather than discretionary buying or selling of Willis Towers Watson shares in the market.