Kristy D. Banas - Apr 1, 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
Apr 1, 2024
Transactions value $
-$39,325
Form type
4
Date filed
4/3/2024, 05:30 PM
Previous filing
Feb 29, 2024
Next filing
Apr 5, 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 +835 +13.06% $0.00 7.23K Apr 1, 2024 Direct F1
transaction WTW Ordinary Shares, nominal value $0.000304635 per share Exercise of in-the-money or at-the-money derivative security $0 +6 +0.08% $0.00 7.23K Apr 1, 2024 Direct
transaction WTW Ordinary Shares, nominal value $0.000304635 per share Tax liability -$19K -69 -0.95% $275.00 7.16K Apr 1, 2024 Direct F2
transaction WTW Ordinary Shares, nominal value $0.000304635 per share Tax liability -$20.4K -74 -1.03% $275.00 7.09K Apr 1, 2024 Direct F3

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- 2022 RSU Award Exercise of in-the-money or at-the-money derivative security $0 -6 -49.67% $0.00 6.08 Apr 1, 2024 Ordinary Shares, nominal value $0.000304635 per share 6 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Comprised of 835 time-based restricted share units ("RSUs"), which represent the right to receive ordinary shares, par value $0.000304635 per share, of the Issuer. The RSUs shall vest ratably over a three-year period as of the first, second and third anniversaries of the grant date.
F2 Withholding of shares by Issuer incident to the tax payment related to the vesting and settlement of 237 restricted share units granted on April 1, 2022.
F3 Withholding of shares by Issuer incident to the tax payment related to the vesting and settlement of 257 restricted share units granted on April 1, 2023.
F4 The dividend equivalent rights accrued on the reporting person's RSU award 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.