Julie J. Gebauer - Jul 20, 2022 Form 4 Insider Report for WILLIS TOWERS WATSON PLC (WTW)

Role: Head of Health, Wealth &Career
Signature: /s/ Julie J. Gebauer by Elaine Wiggins, Attorney-in-Fact (power of attorney previously filed)
Stock symbol: WTW
Transactions as of: Jul 20, 2022
Transactions value $: -$294,331
Form type: 4
Date filed: 7/22/2022, 04:05 PM
Previous filing: Jul 19, 2022
Next filing: Aug 8, 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	+34	+0.04%	$0.00	95.4K	Jul 20, 2022	Direct
transaction	WTW	Ordinary Shares, nominal value $0.000304635 per share	Tax liability	-$294K	-1.48K	-1.55%	$198.47	94K	Jul 20, 2022	Direct	F1
holding	WTW	Ordinary Shares, nominal value $0.000304635 per share						534	Jul 20, 2022	Dane Adam Gebauer Management Trust UA Feb 18, 2012
holding	WTW	Ordinary Shares, nominal value $0.000304635 per share						534	Jul 20, 2022	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	Dividend Equivalent Rights	Exercise of in-the-money or at-the-money derivative security	$0	-34	-100%	$0.00^*	0	Jul 20, 2022	Ordinary Shares, nominal value $0.000304635 per share	34		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 4,445 performance-based restricted share units on July 20, 2022.
F2	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 WTW Ordinary Share.

Content

Withholding of shares by Issuer incident to the vesting and settlement of an aggregate of 4,445 performance-based restricted share units on July 20, 2022.

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 WTW Ordinary Share.