Anne Pullum - Nov 15, 2021 Form 4 Insider Report for WILLIS TOWERS WATSON PLC (WTW)

Role: Head of Europe
Signature: /s/ Anne Pullum, by Elaine Wiggins, Attorney-in-Fact (power of attorney previously filed)
Stock symbol: WTW
Transactions as of: Nov 15, 2021
Transactions value $: -$94,673
Form type: 4
Date filed: 11/17/2021, 03:00 PM
Previous filing: Nov 8, 2021
Next filing: Jan 12, 2022

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	Exercise of in-the-money or at-the-money derivative security	$0	+40.7	+0.39%	$0.00	10.6K	Nov 15, 2021	Direct
transaction	WTW	Ordinary Shares, nominal value $0.000304635 per share	Disposed to Issuer	-$94.7K	-410	-3.88%	$230.91	10.1K	Nov 15, 2021	Direct	F1

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	Dividend Equivalent Rights	Exercise of in-the-money or at-the-money derivative security	$0	-40.7	-100.01%	$0.00^*	0	Nov 15, 2021	Ordinary Shares, nominal value $0.000304635 per share	40.7		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Withholding of shares by Issuer incident to the vesting and settlement of an aggregate of 1,000 time-based restricted share units on November 15, 2021.
F2	The dividend equivalent rights accrued on the reporting person's time-based restricted share unit award and were credited in the form of additional restricted share units that vested and were payable at the same time as the underlying time-based restricted share units. Each dividend equivalent right is the economic equivalent of one WLTW Ordinary Share.