Darren Zeidel - Feb 16, 2023 Form 4 Insider Report for Aon plc (AON)

Signature
/s/ Julie Cho- Julie Cho pursuant to a power of attorney from Darren Zeidel
Stock symbol
AON
Transactions as of
Feb 16, 2023
Transactions value $
-$1,959,232
Form type
4
Date filed
2/21/2023, 06:48 PM
Previous filing
Feb 14, 2023
Next filing
May 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AON Class A Ordinary Stock Award +13.9K +89.86% 29.3K Feb 16, 2023 Direct F1
transaction AON Class A Ordinary Stock Tax liability -$1.91M -6.15K -20.97% $310.25 23.2K Feb 16, 2023 Direct F2
transaction AON Class A Ordinary Stock Options Exercise +373 +1.61% 23.6K Feb 17, 2023 Direct F3
transaction AON Class A Ordinary Stock Tax liability -$51.5K -166 -0.7% $310.27 23.4K Feb 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 AON Restricted Share Unit (Right to Receive) Award $0 +2.61K $0.00 2.61K Feb 16, 2023 Class A Ordinary Shares 2.61K Direct F4, F5
transaction AON Restricted Share Unit (Right to Receive) Options Exercise $0 -373 -33.27% $0.00 748 Feb 17, 2023 Class A Ordinary Shares 373 Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Class A Ordinary Shares issued upon the settlement of performance share unit awards originally granted approximately three years ago under the fifteenth cycle of the Company's Leadership Performance Program. The number of shares issued was determined by the Organization and Compensation Committee of the Board of Directors on February 16, 2023, based on the Company's performance for the period from January 1, 2020 to December 31, 2022.
F2 Class A Ordinary Shares withheld by the issuer for payment of taxes in connection with the vesting of the award.
F3 Class A Ordinary Shares acquired upon the vesting of a restricted share unit award
F4 The restricted share unit award converts to Class A Ordinary Shares on a 1-for-1 basis. In accordance with Irish law, the reporting person agreed to pay the issuer the nominal value of $0.01 per share issued to the reporting person.
F5 The restricted share unit award vests in accordance with the terms of the Aon plc 2011 Incentive Compensation Plan as follows: 33 1/3% of the award vests on each of the first through third anniversary of the date of the grant.
F6 A restricted share unit award was granted on February 17, 2022 and vests in accordance with the terms of the Aon plc 2011 Incentive Compensation Plan: 33 1/3% of the award vests on each of the first through third anniversary of the date of grant.