Carl A. Hess - Aug 9, 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)
Stock symbol
WTW
Transactions as of
Aug 9, 2022
Transactions value $
-$364,990
Form type
4
Date filed
8/10/2022, 04:00 PM
Previous filing
Aug 9, 2022
Next filing
Oct 11, 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 Options Exercise $721K +6.52K +10.93% $110.58 66.2K Aug 9, 2022 Direct F1
transaction WTW Ordinary Shares, nominal value $0.000304635 per share Tax liability -$1.09M -5.13K -7.75% $211.71 61K Aug 9, 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 -6.52K -100% $0.00* 0 Aug 9, 2022 Ordinary Shares, nominal value $0.000304635 per share 6.52K $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.