Carl Aaron Hess - 05 Aug 2022 Form 4 Insider Report for WILLIS TOWERS WATSON PLC (WTW)

Role
Chief Executive Officer, Director
Signature
/s/ Carl A. Hess by Elaine Wiggins, Attorney-in-Fact (power of attorney previously filed)
Issuer symbol
WTW
Transactions as of
05 Aug 2022
Net transactions value
-$548,921
Form type
4
Filing time
09 Aug 2022, 16:00:32 UTC
Previous filing
08 Aug 2022
Next filing
10 Aug 2022
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 Options Exercise $552,900 +5,000 +8.7% $110.58 62,548 05 Aug 2022 Direct F1
transaction WTW Ordinary Shares, nominal value $0.000304635 per share Tax liability $824,681 -3,950 -6.3% $208.78 58,598 05 Aug 2022 Direct F2
transaction WTW Ordinary Shares, nominal value $0.000304635 per share Options Exercise $552,900 +5,000 +8.5% $110.58 63,598 08 Aug 2022 Direct F1
transaction WTW Ordinary Shares, nominal value $0.000304635 per share Tax liability $830,040 -3,940 -6.2% $210.67 59,658 08 Aug 2022 Direct F2

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 Stock Option (right to buy) Options Exercise $0 -5,000 -30% $0.000000 11,519 05 Aug 2022 Ordinary Shares, nominal value $0.000304635 per share 5,000 $110.58 Direct F1, F3
transaction WTW Stock Option (right to buy) Options Exercise $0 -5,000 -43% $0.000000 6,519 08 Aug 2022 Ordinary Shares, nominal value $0.000304635 per share 5,000 $110.58 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option was exercised on a net share settlement basis.
F2 Represents the number of shares withheld by the Issuer to satisfy (i) withholding taxes related to such exercise and (ii) the aggregate exercise price for the stock option.
F3 100% of the shares underlying the option vested and were exercisable on July 1, 2018.

Remarks:

The reporting person is exercising the options in light of the upcoming expiration date of those options.