Lute Jane H 4

What Happened

• Jane H. Lute, a director of Marsh & McLennan Companies (MRSH), acquired derivative awards that convert to common shares. On Feb 13, 2026 she received 37.24 derivative shares at an imputed price of $172.98 each (value $6,442). On Feb 15, 2026 she was awarded 156.69 derivative shares at $173.51 each (value $27,187). Combined value of the reported awards is about $33,629.
• These were acquisitions (not open‑market purchases or sales) reported as derivative awards that convert to common stock on a 1-for-1 basis and were issued as director compensation.

Key Details

• Transaction dates & values:
  • 2026-02-13: Other acquisition (code J) — 37.24 units @ $172.98 = $6,442 (derivative)
  • 2026-02-15: Grant/award (code A) — 156.69 units @ $173.51 = $27,187 (derivative)
• Total reported value ≈ $33,629.
• Footnotes: awards convert 1-for-1 to common stock (F1); some units were credited with dividend equivalents (F2); awards were in connection with director fees under the Directors Stock Compensation Plan (F4).
• Shares owned after the transactions: not specified in the Form 4.
• Filing: Reported on 2026-02-18 for transactions on Feb 13 and Feb 15. The filing date aligns with Form 4 timing requirements (timely filing).

Context

• These transactions are compensatory director awards (derivative units) rather than market buys or sales, so they signal routine director compensation rather than an independent investment decision. The units will convert to common shares on a 1-for-1 basis per the filing.