Julie J. Gebauer - Oct 17, 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: Oct 17, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/19/2022, 04:07 PM
Previous filing: Oct 11, 2022
Next filing: Nov 2, 2022

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	+77.1	+0.36%	$0.00	21.7K	Oct 17, 2022	Ordinary Shares, nominal value $0.000304635 per share	77.1		Direct	F1, F2
transaction	WTW	Restricted Share Unit	Award	$0	+8.12	+0.04%	$0.00	21.7K	Oct 17, 2022	Ordinary Shares, nominal value $0.000304635 per share	8.12		Direct	F1, F3
transaction	WTW	Restricted Share Unit	Award	$0	+16.1	+0.4%	$0.00	4.09K	Oct 17, 2022	Ordinary Shares, nominal value $0.000304635 per share	16.1		Direct	F4, F5
transaction	WTW	Dividend Equivalent Rights	Award	$0	+4.76	+94.44%	$0.00	9.8	Oct 17, 2022	Ordinary Shares, nominal value $0.000304635 per share	4.76		Direct	F6

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

Explanation of Responses:

Id	Content
F1	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.
F2	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.
F3	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.
F4	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.
F5	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.
F6	The dividend equivalent rights accrued on a time-based restricted share unit award and will vest based on the same vesting schedule applicable to the underlying restricted share unit award. Each dividend equivalent right is the economic equivalent of one WTW Ordinary Share.