Anne Pullum - Apr 17, 2023 Form 4 Insider Report for WILLIS TOWERS WATSON PLC (WTW)

Role: Head of Europe
Signature: /s/ Anne Pullum, by Elaine Wiggins, Attorney-in-Fact (power of attorney previously filed)
Stock symbol: WTW
Transactions as of: Apr 17, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/19/2023, 09:01 PM
Previous filing: Apr 14, 2023
Next filing: Apr 21, 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	Award	$0	+12.6	+0.07%	$0.00	17.8K	Apr 17, 2023	Direct	F1
transaction	WTW	Ordinary Shares, nominal value $0.000304635 per share	Options Exercise	$0	+1	+0.01%	$0.00	17.8K	Apr 17, 2023	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	Restricted Share Unit	Award	$0	+5.16	+0.32%	$0.00	1.63K	Apr 17, 2023	Ordinary Shares, nominal value $0.000304635 per share	5.16		Direct	F3, F4
transaction	WTW	Restricted Share Unit	Award	$0	+2.39	+0.34%	$0.00	710	Apr 17, 2023	Ordinary Shares, nominal value $0.000304635 per share	2.39		Direct	F5, F6
transaction	WTW	Dividend Equivalent Rights- 2022 RSU	Award	$0	+4.11	+48.68%	$0.00	12.5	Apr 17, 2023	Ordinary Shares, nominal value $0.000304635 per share	4.11		Direct	F7
transaction	WTW	Dividend Equivalent Rights- 2022 RSU	Options Exercise	$0	-1	-7.97%	$0.00	11.5	Apr 17, 2023	Ordinary Shares, nominal value $0.000304635 per share	1		Direct	F2

* 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 a number of performance-based restricted share units previously earned under the reporting person's performance-based restricted share unit award and credited in the form of additional restricted share units that vest and are payable at the same time as the underlying performance-based restricted share units. Each dividend equivalent right is the economic equivalent of one WTW Ordinary Share.
F2	The dividend equivalent rights are fully vested and accrued on a number of time-based restricted share units previously vested under the reporting person's time-based restricted share unit award. Each dividend equivalent right is the economic equivalent of one WTW Ordinary Share.
F3	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.
F4	Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Deferred Savings Plan for U.S. Employees (the "Plan"), including the participant's deferral election under the Plan and the Company's matching contribution on the participant's deferral election credited to the participant's account in the form of restricted share units under the Plan.
F5	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.
F6	Represents dividends acquired pursuant to the Willis Towers Watson Non-Qualified Stable Value Excess Plan for U.S. Employees (the "Excess Plan"), including the participant's deferral election under the Excess Plan and the Company's matching contribution on the participant's deferral election credited to the participant's account in the form of restricted share units under the Excess Plan.
F7	The dividend equivalent rights accrued on the reporting person's 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.