Joseph S. Kurpis - Apr 17, 2023 Form 4 Insider Report for WILLIS TOWERS WATSON PLC (WTW)

Role
PAO and Controller
Signature
/s/ Joseph S. Kurpis 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, 09:07 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 +1 +0.14% $0.00 721 Apr 17, 2023 Direct F1

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 +0.694 +0.35% $0.00 197 Apr 17, 2023 Ordinary Shares, nominal value $0.000304635 per share 0.694 Direct F2, F3
transaction WTW Restricted Share Unit Award $0 +1.05 +0.35% $0.00 300 Apr 17, 2023 Ordinary Shares, nominal value $0.000304635 per share 1.05 Direct F4, F5
transaction WTW Dividend Equivalent Rights- 2022 RSU Award $0 +0.375 +55.15% $0.00 1.05 Apr 17, 2023 Ordinary Shares, nominal value $0.000304635 per share 0.375 Direct F6
transaction WTW Dividend Equivalent Rights- 2021 RSU Award $0 +1.12 +19.34% $0.00 6.9 Apr 17, 2023 Ordinary Shares, nominal value $0.000304635 per share 1.12 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The dividend equivalent rights are fully vested and accrued on a number of performance-based restricted share units previously earned and fully vested under the reporting person's performance-based restricted share unit award. Each dividend equivalent right is the economic equivalent of one WTW Ordinary Share.
F2 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.
F3 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.
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 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.