Mills Stacy 4

What happened

• Stacy Mills, Vice President and Controller of Marsh & McLennan Companies (MRSH), was granted a package of equity awards on February 24, 2026. The filing reports three derivative awards totaling 6,541 units: 3,574 stock options, 1,342 convertible units, and 1,625 restricted stock units/performance-related units. All awards show an acquisition price of $0 (grants as compensation), so no cash was paid.

Key details

• Transaction date: 2026-02-24; filing date: 2026-02-26 (filed within the Form 4 reporting window).
• Reported units and types: 3,574 options; 1,342 convertible security units; 1,625 RSUs/PSU-converted units — total 6,541 derivative units. All recorded at $0 acquisition price.
• Vesting/conversion notes: the options vest in four equal annual installments starting Feb 24, 2027 (F1); the convertible security converts to common stock on a 1-for-1 basis (F2); certain RSUs relate to 2023-2025 performance stock units whose performance factor was determined Feb 24, 2026 and those RSUs vest in three equal annual installments beginning Feb 28, 2027 (F3, F5).
• Shares owned following the reported transactions: not disclosed in the provided filing excerpt.
• Filing timeliness: appears timely (filed two days after the grant).

Context

• These transactions are grants (award code A) — not open-market buys or sales — and reflect compensation or performance pay rather than an insider purchase/sale signal. Options will only convert to shares as they vest per the schedule; the performance-related units reflect a post-performance conversion (performance factor determined Feb 24, 2026).