Adam Garrard - Apr 1, 2024 Form 4 Insider Report for WILLIS TOWERS WATSON PLC (WTW)

Role: Head of Risk & Broking
Signature: /s/ Adam Garrard by Elaine Wiggins, Attorney-in-Fact (power of attorney previously filed)
Stock symbol: WTW
Transactions as of: Apr 1, 2024
Transactions value $: -$163,625
Form type: 4
Date filed: 4/3/2024, 05:41 PM
Previous filing: Feb 29, 2024
Next filing: Apr 17, 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	+1.46K	+9.6%	$0.00	16.7K	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	+10	+0.06%	$0.00	16.7K	Apr 1, 2024	Direct
transaction	WTW	Ordinary Shares, nominal value $0.000304635 per share	Tax liability	-$53.1K	-193	-1.16%	$275.00	16.5K	Apr 1, 2024	Direct	F2
transaction	WTW	Ordinary Shares, nominal value $0.000304635 per share	Tax liability	-$56.1K	-204	-1.24%	$275.00	16.3K	Apr 1, 2024	Direct	F3
transaction	WTW	Ordinary Shares, nominal value $0.000304635 per share	Tax liability	-$54.5K	-198	-1.21%	$275.00	16.1K	Apr 1, 2024	Direct	F4

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	-10	-48.88%	$0.00	10.5	Apr 1, 2024	Ordinary Shares, nominal value $0.000304635 per share	10		Direct	F5

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

Explanation of Responses:

Id	Content
F1	Comprised of 1,462 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 409 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 434 restricted share units granted on April 1, 2023.
F4	Withholding of shares by Issuer incident to the tax payment related to the vesting and settlement of 421 restricted share units granted on April 1, 2023.
F5	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.