Anne D. Bodnar - Apr 1, 2023 Form 4 Insider Report for WILLIS TOWERS WATSON PLC (WTW)

Role: Chief Administrative Officer
Signature: /s/ Anne D. Bodnar by Elaine Wiggins, Attorney-in-Fact (power of attorney previously filed)
Stock symbol: WTW
Transactions as of: Apr 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/4/2023, 05:15 PM
Previous filing: Feb 10, 2023
Next filing: Apr 10, 2023

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	+3	+0.03%	$0.00	9.17K	Apr 1, 2023	Direct
holding	WTW	Ordinary Shares, nominal value $0.000304635 per share						26.2K	Apr 1, 2023	The Anne D Bodnar Revocable Trust

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	-3	-27.91%	$0.00	7.75	Apr 1, 2023	Ordinary Shares, nominal value $0.000304635 per share	3		Direct	F1

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

Explanation of Responses:

Id	Content
F1	The dividend equivalent rights accrued on the reporting person's time-based restricted share units ("RSUs") and were credited in the form of additional RSUs that vested and were payable at the same time as the underlying RSUs. Each dividend equivalent right is the economic equivalent of one WTW Ordinary Share.