Carl A. Hess - Jan 17, 2023 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
Jan 17, 2023
Transactions value $
$0
Form type
4
Date filed
1/19/2023, 04:04 PM
Previous filing
Jan 12, 2023
Next filing
Feb 8, 2023

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 +12.4 +0.2% $0.00 6.27K Jan 17, 2023 Ordinary Shares, nominal value $0.000304635 per share 12.4 Direct F1, F2
transaction WTW Restricted Share Unit Award $0 +7.65 +0.12% $0.00 6.28K Jan 17, 2023 Ordinary Shares, nominal value $0.000304635 per share 7.65 Direct F1, F3
transaction WTW Restricted Share Unit Award $0 +18 +0.33% $0.00 5.56K Jan 17, 2023 Ordinary Shares, nominal value $0.000304635 per share 18 Direct F4, F5
transaction WTW Dividend Equivalent Rights Award $0 +25 +40.05% $0.00 87.5 Jan 17, 2023 Ordinary Shares, nominal value $0.000304635 per share 25 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 pursuant to the participant's deferral election under the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees.
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.