Tomlinson Patrick 4

What Happened

• Patrick Tomlinson, President and CEO of Mercer (a business unit of Marsh & McLennan Companies, MRSH), received equity awards on February 24, 2026. The filing shows a grant of 28,586 derivative shares (options) and 1,609 derivative shares (restricted/performance stock units). Both awards have an acquisition price of $0.00 (i.e., they were granted, not purchased) and thus represent compensation rather than an open-market buy or sell.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (timely filing).
• Grant price: $0.00 per share (awarded).
• Awards granted: 28,586 options (footnote F1) and 1,609 RSU/PSU-related units (footnote F3).
• Vesting/conversion notes:
  • F1: The options vest in four equal annual installments on Feb 24 of 2027, 2028, 2029 and 2030.
  • F2: The RSU/derivative security converts to MRSH common stock on a 1-for-1 basis.
  • F3: The 1,609 units are restricted stock units tied to performance stock units granted Feb 23, 2023; the performance factor was determined Feb 24, 2026.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: filed within two business days of the report date (not marked late).

Context

• These are compensation grants (options and performance/ restricted stock units). Options will vest over multiple years; the RSU/PSU units convert 1-for-1 to common shares and reflect the payout after the 2023–2025 performance period was measured. Awards do not represent an open-market purchase or sale and should be viewed as part of executive pay rather than an immediate market sentiment signal.