HOPKINS DEBORAH C 4

What Happened

• Deborah C. Hopkins, a director of Marsh & McLennan Companies (MRSH), acquired 103.28 derivative shares on 2026-02-13 at an implicit per-share value of $172.98, for a total value of about $17,865. The transaction is reported as an "other acquisition" of a derivative instrument that converts to common stock.

Key Details

• Transaction date: 2026-02-13; Filing date: 2026-02-18 (filed by the SEC deadline—Feb 16 was a federal holiday).
• Price/value reported: $172.98 per share; total value ≈ $17,865.
• Shares acquired: 103.28 derivative shares (reported as convertible to common stock on a 1-for-1 basis).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: The security converts to Marsh & McLennan common stock on a 1-for-1 basis.
  • F2: Acquired with dividend equivalents credited under the Marsh & McLennan Companies Directors Stock Compensation Plan.
  • F3: Not applicable.
• Transaction type: Derivative acquisition (reported with code J — "other acquisition or disposition").

Context

• This was a receipt of director compensation (derivative units that convert to common stock and include dividend equivalents), not an open-market purchase or a sale. Such awards are routine for board members and do not necessarily signal a change in insider sentiment. The filing appears timely given the federal holiday on Feb 16, 2026.