Christa Davies - Jul 26, 2023 Form 4 Insider Report for Aon plc (AON)

Signature
/s/ Julie Cho - Julie Cho pursuant to a power of attorney from Christa Davies
Stock symbol
AON
Transactions as of
Jul 26, 2023
Transactions value $
$0
Form type
4
Date filed
7/28/2023, 06:12 PM
Previous filing
Jun 26, 2023
Next filing
Feb 13, 2024

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 Performance Share Unit Award $0 +50K $0.00 50K Jul 26, 2023 Class A Ordinary Shares 50K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance share unit represents a contingent right to receive one class A ordinary share. The performance share units will vest on March 31, 2028, subject to continued employment conditions and accelerated vesting in certain circumstances, based upon the highest trading day average closing price of the class A ordinary shares of the Company for any 90 consecutive trading days (the "Average Share Price") during the performance period from July 26, 2023 to March 31, 2028: (i) entry (50%) if the Average Share Price is greater than $475, (ii) target (100%) if the Average Share Price is $500 and (iii) stretch (200%) if the Average Share Price is $550.
F2 No performance share units will vest if the average closing price of the Company's shares for the 90 consecutive trading days ending on March 31, 2028 is below $475. If the Average Share Price is between the entry, target and stretch levels, a proportionate number of PSUs between those levels will be earned.