Julie Jarecke Gebauer - 15 Jun 2021 Form 4 Insider Report for WILLIS TOWERS WATSON PLC (WTW)

Role: Head of Human Capital&Benefits
Signature: /s/ Julie J. Gebauer by Elaine Wiggins, Attorney-in-Fact (power of attorney previously filed)
Issuer symbol: WTW
Transactions as of: 15 Jun 2021
Net transactions value: $0
Form type: 4
Filing time: 17 Jun 2021, 16:12:25 UTC
Previous filing: 07 May 2021
Next filing: 13 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WTW	Ordinary Shares, nominal value $0.000304635 per share	Award	$0	+23	+0.02%	$0.000000	101,184	15 Jun 2021	Direct	F1
holding	WTW	Ordinary Shares, nominal value $0.000304635 per share						534	15 Jun 2021	Dane Adam Gebauer Management Trust UA Feb 18, 2012
holding	WTW	Ordinary Shares, nominal value $0.000304635 per share						534	15 Jun 2021	Jeffrey Austin Gebauer Management Trust UA Feb 18, 2012

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WTW	Restricted Share Unit	Award	$0	+52	+0.25%	$0.000000	20,656	15 Jun 2021	Ordinary Shares, nominal value $0.000304635 per share	52		Direct	F2, F3
transaction	WTW	Restricted Share Unit	Award	$0	+5	+0.02%	$0.000000	20,661	15 Jun 2021	Ordinary Shares, nominal value $0.000304635 per share	5		Direct	F2, F4
transaction	WTW	Restricted Share Unit	Award	$0	+8	+0.28%	$0.000000	3,036	15 Jun 2021	Ordinary Shares, nominal value $0.000304635 per share	8		Direct	F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The dividend equivalent rights accrued on a number of performance-based restricted share units previously earned under the reporting person's performance-based restricted share unit award and credited in the form of additional restricted share units that vest and are payable at the same time as the underlying performance-based restricted share units. Each dividend equivalent right is the economic equivalent of one WLTW Ordinary Share.
F2	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.
F3	Represents dividends acquired under the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees pursuant to the participant's deferral election and automatic deferral of earned awards under the Company's Long-Term Incentive Plan.
F4	Represents dividends acquired pursuant to the Company's matching contribution on the participant's deferral election pursuant to the terms of the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees and credited to the participant's account in the form of restricted share units.
F5	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.
F6	Represents dividends acquired pursuant to the Company's contribution under the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees and credited to the participant's account in the form of restricted share units.