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

Willis Towers Watson (WTW) officer gets stock, RSU credits under plans

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

Rhea-AI Filing Summary

Willis Towers Watson plc officer reports small stock-based awards. PAO and Controller Joseph Stephen Kurpis reported automatic acquisitions on January 15, 2026, including 0.498 WTW ordinary shares at $0, bringing his directly held ordinary shares to 1,202.352.

He also acquired 1.0607 restricted share units and 1.2268 restricted share units at $0, increasing his directly held restricted share units to 409.7566 and 440.3492, respectively. Footnotes explain these RSUs and related dividend-equivalent rights arise from the Willis Towers Watson non-qualified deferred savings and stable value excess plans, with each unit or right economically equivalent to one ordinary share and settling into ordinary shares on a 1:1 basis under plan-specific timing rules tied to termination or death.

Positive

  • None.

Negative

  • None.
Insider Kurpis Joseph Stephen
Role PAO and Controller
Type Security Shares Price Value
Grant/Award Restricted Share Unit 1.061 $0.00 --
Grant/Award Restricted Share Unit 1.227 $0.00 --
Grant/Award Ordinary Shares, nominal value $0.000304635 per share 0.498 $0.00 --
Holdings After Transaction: Restricted Share Unit — 409.757 shares (Direct); Ordinary Shares, nominal value $0.000304635 per share — 1,202.352 shares (Direct)
Footnotes (1)
  1. The dividend equivalent rights accrued on the reporting person's previously reported restricted share unit award and will vest based on the same vesting schedule applicable to the underlying 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.
Form 4 Insider Transactions: What Each Field Means →
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
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*
Kurpis Joseph Stephen
(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)
PAO and Controller
3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026
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
Ordinary Shares, nominal value $0.000304635 per share 01/15/2026 A 0.498(1) A $0 1,202.352 D
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 (2) 01/15/2026 A 1.0607(3) (2) (2) Ordinary Shares, nominal value $0.000304635 per share 1.0607 $0 409.7566 D
Restricted Share Unit (4) 01/15/2026 A 1.2268(5) (4) (4) Ordinary Shares, nominal value $0.000304635 per share 1.2268 $0 440.3492 D
Explanation of Responses:
1. The dividend equivalent rights accrued on the reporting person's previously reported restricted share unit award and will vest based on the same vesting schedule applicable to the underlying 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/ Joseph S. Kurpis by Lina Vanessa Jaramillo, Attorney-in-Fact (power of attorney previously filed) 01/16/2026
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did WTW report for Joseph Stephen Kurpis?

The filing shows that Joseph Stephen Kurpis, PAO and Controller of Willis Towers Watson plc, acquired small amounts of ordinary shares and restricted share units on January 15, 2026 at a price of $0 per unit.

How many WTW ordinary shares does Joseph Stephen Kurpis hold after the reported transaction?

After acquiring 0.498 ordinary shares, Kurpis beneficially owns 1,202.352 WTW ordinary shares directly.

What restricted share unit awards were reported in this WTW Form 4?

Kurpis reported acquiring 1.0607 restricted share units related to the Willis Towers Watson Non-Qualified Deferred Savings Plan and 1.2268 restricted share units related to the Non-Qualified Stable Value Excess Plan, both at $0 per unit.

How many restricted share units does the WTW officer hold after these transactions?

Following the transactions, Kurpis directly holds 409.7566 restricted share units tied to the deferred savings plan and 440.3492 restricted share units tied to the stable value excess plan.

How do the WTW restricted share units and dividend equivalents settle into ordinary shares?

The filing states that restricted share units settle into WTW ordinary shares on a 1:1 basis under plan terms, typically six months after termination or on specified dates following separation from service or death, while dividend equivalent rights are each economically equivalent to one ordinary share and vest on the same schedule as the underlying award.

Were the WTW insider’s acquisitions purchases for cash?

No. The reported ordinary shares, restricted share units, and dividend equivalent rights were acquired at a stated price of $0, reflecting automatic credits under Willis Towers Watson’s non-qualified employee plans and related dividend features.