Anderson Anthony 4

What Happened

• Anthony Anderson, a director of Marsh & McLennan Companies (MRSH), acquired 80.98 shares on Feb 13, 2026. The transaction is reported as an "other acquisition" (code J) and is a derivative-based acquisition priced at $172.98 per share, for a total value of $14,008. This reflects shares credited under the company's director compensation/dividend reinvestment arrangements rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-02-13, 80.98 shares at $172.98 each (total $14,008).
• Transaction type: Code J — other acquisition (derivative conversion/credit).
• Footnotes in the filing:
  • F1: Includes shares acquired pursuant to a dividend reinvestment plan.
  • F2: The security converts to common stock on a 1-for-1 basis.
  • F3: Acquired with dividend equivalents credited under the Marsh & McLennan Directors Stock Compensation Plan.
  • F4: Not applicable.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing: Reported with accession date 2026-02-18 for a 2026-02-13 transaction; timing appears to be within normal Form 4 reporting windows.

Context

• This was a derivative-based credit/conversion tied to director compensation and dividend reinvestment, not an open-market buy. Such transactions are typically routine and reflect plan mechanics (dividend reinvestment or conversion of a credited security) rather than an independent investment decision. The size (~$14k) is modest relative to typical insider trades.