Kristy D. Banas - Jan 16, 2024 Form 4 Insider Report for WILLIS TOWERS WATSON PLC (WTW)

Role: Chief Human Resources Officer
Signature: /s/ Elaine Wiggins, Attorney-in-Fact for Kristy D. Banas (power of attorney previously filed)
Stock symbol: WTW
Transactions as of: Jan 16, 2024
Transactions value $: $0
Form type: 4
Date filed: 1/18/2024, 04:00 PM
Previous filing: Jan 12, 2024
Next filing: Feb 12, 2024

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	+2.64	+0.07%	$0.00	3.63K	Jan 16, 2024	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	+2.34	+0.32%	$0.00	732	Jan 16, 2024	Ordinary Shares, nominal value $0.000304635 per share	2.34		Direct	F2, F3
transaction	WTW	Restricted Share Unit	Award	$0	+1.51	+0.33%	$0.00	454	Jan 16, 2024	Ordinary Shares, nominal value $0.000304635 per share	1.51		Direct	F4, F5
transaction	WTW	Dividend Equivalent Rights- 2022 RSU Award	Award	$0	+1.62	+15.38%	$0.00	12.1	Jan 16, 2024	Ordinary Shares, nominal value $0.000304635 per share	1.62		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 previously reported restricted share unit award and will vest based on the same vesting schedule applicable to the underlying 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 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 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.